REGULATIONS


Moneylife Digital Team 17 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd (ANL) and its directors to recover investors' dues of over Rs95 crore.   The recovery proceedings have  been...

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Moneylife Digital Team 17 June 2022
The Reserve Bank of India (RBI) has lifted the restrictions imposed on Mastercard Asia Pacific Pte Ltd on on-boarding of new domestic customers with immediate effect.   “In view of the satisfactory compliance demonstrated by Mastercard with the RBI circular dated 6 April 2018 on...

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Moneylife Digital Team 16 June 2022
Holding seven entities, including Yash Birla, for providing security towards the loan taken by Vintage for subscribing to global depository receipts (GDR) of Zenith Steel Pipes & Industries Ltd (erstwhile Zenith Birla (India) Ltd) -ZBIL, market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 16 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs23 lakh on three individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd (IISL).   In its latest order, the market regulator has...

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After reports surfaced that ed-tech giant BYJU's, last valued at US$22bn (billion), is yet to file its financial statements for FY20-21 and FY21-22, the company said on Wednesday that it has completed the consolidation of businesses and will be filing its financial results this...

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Moneylife Digital Team 15 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a circular saying investors, who are subscribing to mutual fund (MF) units from 1st August, will have the choice of providing nomination or opting out nomination. This will partly pave the way for standardisation of the...

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The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (SEBI) to conduct an independent inquiry against five brokers and persons associated with the brokers, and probe their role in the Rs5,600-crore NSEL (National Spot Exchange Limited) payment...

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Moneylife Digital Team 14 June 2022
Last week, the Reserve Bank of India (RBI) decided to link credit cards with unified payment interface (UPI) platform, beginning with RuPay cards, to provide additional convenience to users and enhance the scope of digital payments. While the move looks good on paper, there are several issues...

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Moneylife Digital Team 14 June 2022
Through subtle and implicit depictions, advertising reinforces certain harmful stereotypes and overlooks the aspirations of individuals and groups. A recent study by Kantar shows that 64% of consumers believe that advertising reinforces rather than helps eradicate harmful gender stereotypes....

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Moneylife Digital Team 13 June 2022
Market regulator Securities and Exchange Board of India (SEBI) barred one Arvind Behrotra  from the capital markets for six months and imposed a penalty of Rs12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies. SEBI  also directed him  to...

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Thirty years after the securities scam, Harshad Mehta’s story is attracting a lot of public attention after a selectively sympathetic portrayal of the Big Bull operator in a hugely popular television series; but it also showcases our inability to resolve major financial scandals.   An...

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Moneylife Digital Team 10 June 2022
The Securities and Exchange Board of India (SEBI) has spared Tata Motors from punishment with a warning to be more careful in future dealings in the securities market. The case relates to a rights issue more than two decades back which involved cooking books to show profit in order to lure...

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Moneylife Digital Team 09 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley Hotels and Entertainment Ltd and its then directors to recover investors' dues totalling over Rs5,000 crore. It may be recalled that...

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Moneylife Digital Team 09 June 2022
The Securities Appellate Tribunal (SAT) has directed Malvinder Mohan Singh and Malav Holdings to deposit within six weeks 50% of the penalty amount imposed by market regulator Securities and Exchange Board of India (SEBI) in the Fortis Healthcare case.    If they deposit the amount,...

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Moneylife Digital Team 09 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has barred Bhola Nath Dhall, a former employee of Religare Finvest Ltd, from the capital markets for two years and imposed a fine of Rs6 lakh on him for front-running the trades of the non-banking finance company (NBFC). In...

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Moneylife Digital Team 08 June 2022
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to increase the repo rate by 50 basis points (bps) to 4.90%. RBI has also decided to increase the limit on home loans to 100% for urban and rural cooperative banks (UCBs/RCBs) while allowing RCBs...

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Moneylife Digital Team 08 June 2022
The Reserve Bank of India (RBI) has decided to link credit cards with unified payment interface (UPI) platform, beginning with RuPay cards. "This will provide additional convenience to users and enhance the scope of digital payments," says RBI governor Shaktikanta Das.   At present,...

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Moneylife Digital Team/ IANS 04 June 2022
The Supreme Court (SC) says it has, time and again, emphasised that there is a need for minimal judicial interference by the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) in the framework of the Insolvency and Bankruptcy Code (IBC). The apex...

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Moneylife Digital Team 04 June 2022
Vardhaman Global Sharecom Pvt Ltd has written a letter to market regulator Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE) and NSE Clearing Ltd to ‘look into’ a punching error (called fat finger trade in trade lingo), which could have caused a loss of Rs200...

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Moneylife Digital Team 03 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has said, in a recent informal guidance letter, that registered investment advisers (RIAs) cannot earn commission by recommending fixed deposits (FDs) to their advisory clients. The letter from SEBI was a response to Guardian...

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