REGULATIONS


Dr Shilpi Bhattacharya (The Leaflet) 03 June 2022
The Adani Group’s ownership of several key assets across the economy can create and perpetuate sources of economic power that have broader implications for Indian markets. ——– Do the Adani Group’s recent acquisitions of cement (63.19 per cent stake in Ambuja Cements and 54.5 per cent...

Read More



Moneylife Digital Team 03 June 2022
Markets regulator Securities and Exchange Board of India (SEBI)  has imposed a penalty of Rs10 lakh on Eicher Motors for failing to exercise due diligence in a case pertaining to issuance of duplicate shares or new certificates.   The company has been directed to pay the fine within...

Read More



Moneylife Digital Team 03 June 2022
In bad news for Bitcoin and Blockchain lovers, the New York State on Friday passed a bill to halt new permits for certain fossil fuel power plants to be used in Bitcoin mining.   The measure establishes a two-year moratorium on new permits for cryptocurrency mining operations that use...

Read More



Moneylife Digital Team 02 June 2022
Principal Mutual Fund (Principal AMC) ceases to exist as a mutual fund (MF), capital markets regulator Securities and Exchange Board of India (SEBI) said. This comes after Principal Mutual Fund informed SEBI that it wants to surrender the registration granted to it by the market...

Read More



Moneylife Digital Team 02 June 2022
The Securities Appellate Tribunal (SAT) has given more time to National Stock Exchange of India (NSE)’s former managing director and chief executive officer (MD&CEO) Chitra Ramkrishna for depositing Rs2 crore in a case about governance lapses at the bourse.   "The period to deposit...

Read More



Moneylife Digital Team 01 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed monetary penalties totalling Rs2.3 crore on 32 entities for indulging in misutilisation of the initial public offering (IPO) proceeds in the matter of Midvalley Entertainment Ltd. Penalty has been levied in the range...

Read More



Moneylife Digital Team 31 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has come out with new standard operating procedures (SOPs) for dispute resolution under the stock exchange arbitration mechanism for disputes between a listed firm or registrars to an issue and share transfer agents (RTAs) and its...

Read More



Moneylife Digital Team 31 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has announced that initial public offering (IPO) applications should only be processed if there are supporting funds in an investor’s bank account. The tweak in the  IPO norms will ensure that only genuine entities participate in...

Read More



Moneylife Digital Team 31 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs3 lakh on Share India Securities Ltd for flouting norms related to the National Stock Exchange (NSE) co-location (Colo) facility. SEBI had  received multiple complaints against the broker, pertaining to...

Read More



Moneylife Digital Team 31 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has announced that it has tweaked the cyber security and the cyber resilience framework of KYC registration agencies (KRAs). It has mandated these agencies to conduct a comprehensive cyber audit at least twice in a fiscal...

Read More



The Australian Securities and Investments Commission (ASIC) on Monday moved to sue ANZ, the country's second largest bank, for allegedly misleading and overcharging customers.   In a statement, the financial regulator said that in the span of two years of investigation, 165,750 ANZ...

Read More



The Australian Competition and Consumer Commission (ACCC) on Monday started legal proceedings in the Federal Court against Mastercard for allegedly stifling competition in the supply of debit card acceptance services.   The consumer watchdog said in a statement that it has instituted...

Read More



As a member of the consumer complaints committee (CCC) of the Advertising Standards Council of India (ASCI) for a few years, one noticed that two powerful personal-care companies had a nice trick to their fairness cream advertisements. These advertisements inevitably portrayed those with a...

Read More



Moneylife Digital Team 27 May 2022
Market regulator Securities and Exchange Board of India(SEBI) has simplified the procedure and documentation requirements for issuance of duplicate securities certificates in order to make the process more efficient and investor friendly. Operational guidelines for processing investors'...

Read More



Moneylife Digital Team 26 May 2022
The Reserve Bank of India (RBI) has cancelled certificate of registration (CoR) of five Non-banking financial companies (NBFCs)  for violation of norms related to outsourcing and fair practices code in their digital lending operations. The banking regulator cited irregular lending practices...

Read More



Moneylife Digital Team 26 May 2022
The Reserve Bank of India (RBI) constituted a six-member committee to examine and review customer services in banks, non-banking financial companies (NBFCs) and payment operators to protect interests of customers. RBI said in a release that the committee will also look into the adequacy of...

Read More



Moneylife Digital Team 25 May 2022
According to a report in ‘The Economic Times (ET)’, market regulator Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) have moved the Supreme Court against a Securities Appellate Tribunal (SAT) order which had ruled in favour of HDFC Bank in a prolonged legal...

Read More



Moneylife Digital Team 25 May 2022
Capital markets regulator Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of Rs5 lakh on an entity for indulging in manipulative trade practices in the shares of Allied Computers International (Asia) Ltd more than a decade ago.   The order came after SEBI...

Read More



Moneylife Digital Team 25 May 2022
Market regulator Securities and Exchange Board of India (SEBI) on Tuesday issued a notice to NSE's (National Stock Exchange's) former chief Chitra Ramkrishna asking her to pay Rs3.12 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of...

Read More



Moneylife Digital Team 24 May 2022
Market regulator Securities and Exchange Board of India (SEBI) on Monday announced changes to guidelines  for passive mutual fund (MF) schemes, aiming to boost exchange-traded funds (ETFs).   Further, the market regulator notified that the index shall not have over 25% weight in a...

Read More

Free Helpline
Legal Credit
Feedback