REGULATIONS


Moneylife Digital Team 14 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has rejected an application by US-based Digvijay (Danny) Laxhamsinh Gaekwad, seeking permission to make a competing open offer for a 26% stake in Religare Enterprises Ltd (REL). SEBI's decision comes amid an ongoing takeover attempt...

Read More



Moneylife Digital Team 14 February 2025
The Reserve Bank of India (RBI) has imposed operational restrictions on New India Cooperative Bank, a Mumbai-based multi-state scheduled bank, citing supervisory concerns and the lender's liquidity position. Under these restrictions, New India Cooperative Bank is prohibited from granting or...

Read More



Moneylife Digital Team 14 February 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs6.25 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Gujarat-based Sulaimani Cooperative Bank Ltd.   Other banks penalised by RBI...

Read More



Moneylife Digital Team 14 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs4 lakh on Fyers Securities Pvt Ltd following multiple violations of a master circular related to business continuity planning (BCP), disaster recovery (DR) and governance mechanisms.     In an order,...

Read More



It has been emphasised at various times that the flaw in the present system of recruiting independent directors is not so much the quality and credentials of the persons chosen for this position, but that the candidate is often someone known to the promoter of—or a key functionary in—the...

Read More



Moneylife Digital Team 13 February 2025
Paytm Money, the stockbroking subsidiary of One97 Communications Ltd, paid Rs45.50 lakh to settle a technical glitch case with the Securities and Exchange Board of India (SEBI). The settlement was made without the company admitting or denying SEBI findings from its investigation into alleged...

Read More



Moneylife Digital Team 13 February 2025
The Indian government is planning to bring various national pension schemes (NPS) under one umbrella in the days to come.   Replying to supplementary questions in the Rajya Sabha, Union minister for labour and employment Dr Mansukh Mandaviya says there are several pension schemes available...

Read More



Moneylife Digital Team 13 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has introduced the mutual fund investment tracing and retrieval assistant (MITRA) platform to help investors locate inactive mutual fund folios.   The platform will be jointly managed by two qualified registrar and transfer agents...

Read More



Moneylife Digital Team 13 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing changes to the rules governing advance fees charged by Investment Advisers (IAs) and Research Analysts (RAs). The proposal aims to allow IAs and RAs to collect advance fees for up to one...

Read More



Moneylife Digital Team 13 February 2025
The Telecom Regulatory Authority of India (TRAI) has announced amendments to its Telecom Commercial Communications Customer Preference Regulations (TCCCPR), 2018, tightening restrictions on unsolicited commercial communication (UCC). The revised rules significantly lower the threshold for...

Read More



Dr Rashmi Saluja, the executive chairperson of Religare Enterprises Ltd (REL), that has been in the news due to a hostile bid by the Burmans on the entity, and a counter bid by an Indian-American businessman, has thrown an interesting challenge to the regulators and the corporate experts after...

Read More



Bar  and   Bench 12 February 2025
United States President Donald J Trump on February 10 signed an executive order today suspending the enforcement of the Foreign Corrupt Practices Act (FCPA) of 1977 in a move to enhance American business competitiveness and national security.   The move offers relief to Adani Group...

Read More



Moneylife Digital Team 12 February 2025
Following compliance by Kotak Mahindra Bank Ltd, the Reserve Bank of India (RBI) has decided to remove supervisory restrictions imposed on the lender in April 2024. Kotak Mahindra Bank can now onboard new customers and also issue fresh credit cards.   In a release, RBI says, "...Kotak...

Read More



Moneylife Digital Team 12 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Pritam Prabodh Deuskar, a registered research analyst (RA), for failing to comply with the regulatory requirement of conducting annual audits for FY21-22 and FY22-23.   In its order, SEBI's...

Read More



Moneylife Digital Team 12 February 2025
Wadia group company National Peroxide Ltd paid Rs9.42 lakh to settle a case with the Securities and Exchange Board of India (SEBI) over alleged disclosure lapses.     SEBI had initiated an investigation into the company for violating Clause 5 of Para A of Part II of the master circular on...

Read More



Moneylife Digital Team 12 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Link Intime India Pvt Ltd for cybersecurity violations committed by TSR Consultants Pvt Ltd (TSR) before their amalgamation. The violations were linked to delayed reporting of the closure of...

Read More



Moneylife Digital Team 11 February 2025
The Securities and Exchange Board of India (SEBI) has issued an interim order against LS Industries Ltd (LSIL) and five associated entities after uncovering a shocking share transfer scheme and stock manipulation. A 12.12% stake in LSIL, nominally valued at Rs10.28 crore, was sold to a...

Read More



Moneylife Digital Team 11 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a ban on Kalahridhaan Trendz Ltd (KTL), a small and medium enterprise (SME) listed on the National Stock Exchange (NSE) 's Emerge platform, and the company promoters for violating disclosure regulations.   Along with...

Read More



Moneylife Digital Team 10 February 2025
In its ongoing efforts to combat insider trading and improve market transparency, the Securities and Exchange Board of India (SEBI) has proposed to extend the automated closure of the trading window before the declaration of financial results to the immediate relatives of designated persons of...

Read More



Moneylife Digital Team 10 February 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs35.60 lakh on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs27.30 lakh has been imposed on Federal Bank. Karur Vysya Bank was fined Rs8.30...

Read More

Free Helpline
Legal Credit
Feedback