REGULATIONS


Moneylife Digital Team 19 August 2022
After media reports citing an article published in the Reserve Bank of India (RBI)'s monthly bulletin, the central bank has clarified its view on the privatisation of public sector banks (PSBs). It says , "...the views expressed in the article are those of the authors and do not represent the...

Read More



Moneylife Digital Team 19 August 2022
The Central Bureau of Investigation (CBI) has registered a corruption enquiry case against three officials of the National Company Law Tribunal (NCLT), three senior lawyers and a former managing director (MD) of Mcdonald's North India. The case is related to an order passed by the NCLT's New...

Read More



Moneylife Digital Team 18 August 2022
While rejecting the claim of an appellant, the principal bench of the national company law appellate tribunal (NCLAT) held that the doctrine of res judicata (a matter decided) applies to proceedings under the Insolvency and Bankruptcy Code (IBC). Challenges to the findings in the incidental...

Read More



Moneylife Digital Team 18 August 2022
Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs20 lakh on Pantomath Stock Brokers Pvt Ltd (now known as Pentagon Stock Brokers Pvt Ltd) for deliberate disregard of its obligations towards its clients, while putting in jeopardy the interests of lakhs of...

Read More



The Reserve Bank of India (RBI) released a discussion paper on "Charges in Payment Systems" for public feedback, the central bank said in a release.   Feedback may be provided in respect of questions raised therein, including other relevant suggestions, through e-mail on or before 3...

Read More



Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian clients. As fintech companies were unlikely to get fresh non-banking financial companies (NBFC) license from RBI to offer loans, they devised the Memorandum of Understanding (MoU) route with the...

Read More



In light of the rising Covid cases in several parts of the country, the aviation regulator Directorate General of Civil Aviation (DGCA) on Wednesday made it mandatory for passengers to follow Covid protocols and wear masks inside the aircraft.   The regulator said that in view of the...

Read More



Sucheta Dalal Sucheta Dalal 17 August 2022
On 12th August, the bench of justices S Abdul Nazeer and JK Maheswari of the Supreme Court of India (SC) were pleased to issue a notice to the ministries of finance, corporate affairs, Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI) in the public interest...

Read More



Moneylife Digital Team 17 August 2022
The central consumer protection authority (CCPA), while asking to recall 598 sub-standard pressure cookers, has imposed a penalty of Rs1 lakh on Flipkart.    "The CCPA has directed Flipkart to notify consumers of all 598 pressure cookers sold on its platform, recall the pressure...

Read More



Debashis Basu Debashis Basu 16 August 2022
Media reports suggest that the Securities and Exchange Board of India (SEBI) wants to redefine the services of research analysts (RAs) and investment advisers (IAs), by tweaking the regulations that govern them, once more. Let me start with a disclosure. I run a firm regulated by SEBI, so my...

Read More



Moneylife Digital Team 12 August 2022
The Supreme Court on Friday issued notice to ministries of finance, corporate affairs, Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI) in a plea by Sucheta Dalal, managing editor of Moneylife and founder-trustee of Moneylife Foundation. The plea, taken up by senior...

Read More



Public interest and banks’ amalgamations   Compulsory amalgamations of failing banks are in the public interest. They are primarily intended to provide stability to the financial system, safeguard the depositors’ interests and, in the process, reinforce the credibility of the...

Read More



Moneylife Digital Team 11 August 2022
Coming out in open on the alleged corruption taking place in National Company Law Tribunal (NCLT), a resolution professional (RP) has placed a petition before the appellate tribunal and chief justice of India, describing the sorry state of affairs where crucial orders were allegedly handed...

Read More



Moneylife Digital Team 11 August 2022
Market regulator Securities and Exchange Board of India (SEBI) says its SEBI Complaints Redress System (SCORES) platform has 3,058 complaints pending, with eight complaints pending for more than three months (90 days).   This is against the average resolution time of 26 days taken for...

Read More



Moneylife Digital Team 10 August 2022
Paying heed to concerns raised by borrowers on digital loans, like the rampant engagement of third parties, mis-selling, breach of data privacy, unfair business conduct, charging of exorbitant interest rates and unethical recovery practices, the Reserve Bank of India (RBI) has asked all...

Read More



Moneylife Digital Team 09 August 2022
The shortage of judicial and technical members threatens to halt regular proceedings at the National Company Law Tribunal (NCLT), possibly derailing a big reform of the Narendra Modi government. The shortage of members is a fact and it seemed to be confirmed by an authentic-looking circular...

Read More



Moneylife Digital Team 09 August 2022
National Stock Exchange of India Ltd (NSE) has asked all its members to re-verify and share documents required for know-your-customer (KYC) for all of their clients who have given Sikkim as correspondence or permanent address. According to the sources, this is being done to keep a tab on the...

Read More



Dr KR Shyam Sundar (The Leaflet) 09 August 2022
Nearly a year is set to expire, yet the government has managed the registration of only a little less than three-fourths of the total estimated unorganised workforce of 380 million.  —– Three major labour laws govern the welfare of often overlapping segments of unorganised workers:

Read More



Sucheta Dalal Sucheta Dalal 09 August 2022
It is over two weeks since Zee Business channel’s investigative report titled “Operation Demat Daka” sent a chill down the spine of investors. Managing editor Anil Singhvi aired conversations and clippings over several episodes to show how the trading accounts of a few investors had been...

Read More



Sucheta Dalal Sucheta Dalal 05 August 2022
The Securities Appellate Tribunal (SAT) has done it again. On 2 June 2022, it issued a brief 9-page order which throws out of the window the very philosophy of disclosure-based regulations that have underpinned all of SEBI’s (Securities and Exchange Board of India’s) actions for three...

Read More

Free Helpline
Legal Credit
Feedback