REGULATIONS


IANS 30 November 2022
Pursuant to the Delhi High Court judgment of August 30 that courts in India can direct a messaging app to disclose the information of infringers, Telegram -- an instant messaging application -- has finally handed over the copies to the court.   The said data, which is in the form of a...

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Moneylife Digital Team 29 November 2022
Pointing out an error by an appellate authority, the National Company Law Appellate Tribunal (NCLAT) says the consortium of four participating banks, including IDBI Bank Ltd, bound themselves while considering their effect in the adjudication of section 7 (of Insolvency and Bankruptcy...

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Moneylife Digital Team 29 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has put in place a revised framework for seeking its prior approval for changes in control of stock brokers, depository participants and other market intermediaries. The framework will be applicable for stock broker/clearing...

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Moneylife Digital Team 29 November 2022
The Reserve Bank has announced the launch of the first pilot for retail digital Rupee (e₹-R) on 1 December 2022. The pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants.   "The e₹-R would be in the form of a digital token...

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Moneylife Digital Team 29 November 2022
The Reserve Bank of India on Monday imposed penalties on  three cooperative banks. The central bank imposed penalty on Zoroastrian Co-operative Bank, Indian Mercantile Co-operative Bank, Lucknow and Bharat Co-operative Bank, Mumbai.   The central bank has imposed a penalty of Rs1.25...

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Moneylife Digital Team 29 November 2022
Bombay Stock Exchange (BSE) on Monday said that it received consent from the Securities and Exchange Board of India (SEBI) to appoint Sundararaman Ramamurthy as the managing director (MD) and chief executive officer (CEO) of the exchange.   His appointment is subject to the approval...

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IANS 29 November 2022
The Data Protection Commission (DPC) in Ireland has fined Meta with $276 million over a data leak that exposed the information of more than 533 million users, including 6.1 million Indians, in April 2021.   The commission announced the conclusion to an inquiry into Meta Platforms...

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IANS 29 November 2022
Keeping in view the fact that unsolicited commercial communication (UCC) is a major source of inconvenience to the public which impinges on the privacy of individuals, the Ministry of Communications has mandated all commercial promoters and telemarketers to register and seek customer consent...

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Moneylife Digital Team 28 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has decided to introduce a settlement scheme for 150 stockbrokers against whom enforcement proceedings have been approved or initiated and are pending for executing trades in illiquid stock options at BSE.    "The terms...

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Moneylife Digital Team 28 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has barred Udai Kumar, former MD & CEO of Metropolitan Stock Exchange of India (MSEI) (formerly MCX Stock Exchange), for six months from being associated with any market infrastructure institution or associated...

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Moneylife Digital Team 25 November 2022
Market regulator Securities and Exchange Board of India (SEBI) today came out with a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities. The development comes after SEBI observed that information on OTC trades in listed non-convertible securities...

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Sucheta Dalal Sucheta Dalal 25 November 2022
The Securities and Exchange Board of India (SEBI) recently announced that it wants to rein-in financial influencers luring people with unsolicited investment advice on social media platforms. It is also working hard to regulate journalists who have brazenly misused their position for...

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Moneylife Digital Team 25 November 2022
The Securities and Exchange Board of India (SEBI) today in a long-awaited move, issued a new framework to cut down on instances of technical glitches being faced by stock brokers in India. The measures including new reporting requirements, financial disincentives for stock brokers facing...

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Moneylife Digital Team 24 November 2022
A high-powered SEBI (Securities and Exchange Board of India) committee, which is looking into the refund process of PACL (Pearl Agrotech Corporation Limited) investors, today said the refund portal will not be accessible to those investors for five days due to technical issues. However,...

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Moneylife Digital Team 24 November 2022
The Securities and Exchange Board of India (SEBI) has asked alternative investment funds (AIFs) that have adopted a priority distribution model in their schemes to not accept fresh commitments or make investments in new investee companies until the regulator takes a stand on the...

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IANS 23 November 2022
India with 55,497 requests was once again second only to the US in terms of asking Meta to provide user data in the first half of this year, and the social network restricted access in India to 597 items in response to directions from the IT Ministry in the reporting period.   In the...

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Moneylife Digital Team 22 November 2022
Market regulator Securities and Exchange Board of India (SEBI) said the SEBI Settlement Scheme 2022 for entities related to trading in illiquid stock options has been extended to 21 January 2023, thanks to a large number of entities having shown interest in availing the scheme.   “It...

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IANS 21 November 2022
It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan and many other states.   There is a large-scale variation in property tax revenue of...

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Moneylife Digital Team 21 November 2022
Kolte-Patil Developers and two others on Friday settled, with markets regulator Securities and Exchange Board of India (SEBI), a case pertaining to the alleged violations of listing and disclosure rules, on payment of over Rs63 lakh towards the settlement amount. The other two applicants who...

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Sucheta Dalal Sucheta Dalal 19 November 2022
Indian regulators are looking rather good after the collapse of crypto exchange FTX, following a gigantic fraud. This is especially true of Shaktikanta Das, governor, the Reserve Bank of India (RBI). Even as finance ministry mandarins seemed to vacillate, he held firm, despite intense...

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