REGULATIONS


Maya M 19 November 2022
Market regulator Securities and Exchange Board of India (SEBI) on Thursday said it is working on a set of guidelines for financial influencers, or finfluencers, giving unsolicited financial advice on social media platforms.   “We are working on guidelines for financial influencers,"...

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Moneylife Digital Team 19 November 2022
Market regulator Securities and Exchange Board of India (SEBI), has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unit holders. Under this, every mutual fund and asset management company would be required to...

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Moneylife Digital Team 18 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has proposed to do away with the system of share buyback through open market transactions in a phased manner as well as reduce the overall time period to address the drawbacks associated with the existing buyback...

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Moneylife Digital Team 18 November 2022
Market regulator Securities and Exchange Board of India (SEBI) on Thursday came out with guidelines for alternative investment funds (AIFs) for declaring the first close of a scheme. The market watchdog has also specified the manner of calculating the tenure of a close-ended scheme of an AIF...

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IANS 18 November 2022
The Real Estate Regulatory Authority (RERA) of Gurugram has sentenced builder, Salman Akbar, to 60 days civil imprisonment in a contempt case.   RERA Adjudicating Officer Rajender Kumar pronounced the sentence in the matter of Garima Gupta vs ILD Millennium Private Ltd.   "You...

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Moneylife Digital Team 16 November 2022
While registering any immovable property, the registrar of assurance cannot allege undervaluation of the property, whose value was determined in a court-monitored public auction, and demand higher stamp duty under Section 47A of the Indian Stamp Act (West Bengal Amendment) Act, the Supreme...

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Moneylife Digital Team 16 November 2022
Capital markets regulator Securities and Exchange Board of India (SEBI) has introduced a new option for appointment and removal of independent directors from the boards of companies, a move that will provide flexibility to such a process.   Under this, the appointment and removal of...

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IANS 16 November 2022
The US government has fined Air India US$1.4mn (million) for 'extreme delays' in refunding passengers US$121.5mn for flights cancelled or changed significantly.   Announcing the action against the Indian flag-carrier and five other airlines on Monday, transportation secretary Pete...

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Moneylife Digital Team 15 November 2022
Market regulator Securities and Exchange Board of India (SEBI), on Monday, barred Future Plus Services and its proprietor Manish Parihar from the securities markets for six months for providing investment advisory services without authorisation from the regulator.   The order came...

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Moneylife Digital Team 15 November 2022
The Securities and Exchange Board of India (SEBI) has issued a new circular to strengthen the unpaid securities process further. SEBI has instructed all trading and clearing members (TM/CM) to create an 'auto pledge' on unpaid securities.   "Unpaid securities (not been paid for in...

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Moneylife Digital Team 15 November 2022
The Reserve Bank of India (RBI) has imposed monetary penalties on nine cooperative banks, including two each from Gujarat, Madhya Pradesh (MP) and Odisha and one each from Maharashtra, Jharkhand and Chhattisgarh. All these lenders were found violating RBI's guidelines, including on loans and...

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IANS 14 November 2022
The real estate regulatory authority (RERA) Gurugram has directed Vatika Limited to refund full amount to the allottee to whom the builder failed to deliver the unit even after a delay of more than five years.   The allotted was entitled for the possession of the unit on March 19,...

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IANS 14 November 2022
The Supreme Court has dismissed a petition by Securities and Exchange Board of India (SEBI) by a 2:1 majority opinion, seeking review of its 5th August  judgement, which directed the market regulator to share certain documents with Reliance Industries (RIL).   In an order, a bench...

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Moneylife Digital Team 14 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has introduced a regulatory framework to facilitate providers of online bond platforms that are selling listed debt securities.   Such a person would have to comply with the conditions of registration and such other...

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Moneylife Digital Team 14 November 2022
In order to streamline the disclosure requirements,  the Securities and Exchange Board of India (SEBI) has proposed mandating top-250 listed companies to confirm or deny any information reported in the mainstream media which may have material effect on the listed entity.   In...

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Sucheta Dalal Sucheta Dalal 11 November 2022
Professionals dealing with the resolution process under the Insolvency and Bankruptcy Code (IBC) narrate innumerable malpractices, but usually do not want to be named, since they would be replaced and, later, ostracised by banks who invariably act in concert as secured lenders. They report...

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Ranganathan V Ranganathan V 11 November 2022
The 1980s witnessed a major mushrooming of finance companies of different shades that constituted a significant part of the hype in the capital markets when funds were raised at elevated valuations and brought up, for the first time, the question of how a business, that was most...

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Moneylife Digital Team 11 November 2022
The Securities Appellate Tribunal (SAT) on Thursday stayed the Securities and Exchange Board of India (SEBI)’s 21st October order against Bombay Dyeing & Manufacturing Co. Ltd and its promoters over misrepresenting financial statements from FY11-12 to FY17-18.   A tribunal bench led...

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IANS 11 November 2022
The Supreme Court has issued a contempt notice to the Securities and Exchange Board of India (SEBI) on Reliance Industries (RIL) plea alleging non-compliance of the court's August 5 order, which directed the market regulator to provide access to certain documents to the company.   A...

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Peter Elkind (ProPublica) 11 November 2022
This story was originally published by ProPublica.   The health complaints started rolling in within weeks of the activation of a new cellphone tower in August 2020 in Pittsfield, an old factory town in Massachusetts’ Berkshire Mountains. Seventeen residents reported headaches,...

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