REGULATIONS


Moneylife Digital Team 10 November 2022
The National Stock Exchange (NSE) on Thursday warned investors not to fall prey to investment schemes with assured returns offered by Sameer Gulabrao Thite associated with “wealth management company” Samsan Unitrade.   The exchange pointed out that the person and the entity are not...

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Moneylife Digital Team 10 November 2022
Market regulator Securities and Exchange Board of India (SEBI) is seeking public comment on a report submitted by a committee on strengthening the governance of market infrastructure institutions (MIIs). The committee headed by G Mahalingam, former whole-time member (WTM) was appointed to...

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Moneylife Digital Team 09 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a master circular on the redressal of investor grievances through the  SEBI Complaints Redress System platform (SCORES) platform and said the option of one-time review is available in case the complainant is not...

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Moneylife Digital Team 09 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper on cloud framework. SEBI has apprised that the proposed cloud framework will guide regulated entities (RE) to adopt cloud computing for augmenting the business prospects by scalability, reduced...

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Moneylife Digital Team 09 November 2022
Bombay Dyeing and Manufacturing Company on Monday said that it has moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India's (SEBI’s) 21st October order. According to a financial report filed by the company on stock exchanges, it said that “The company...

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IANS 07 November 2022
The Haryana Real Estate Regulatory Authority (HRERA), Gurugram ordered Vatika Limited to refund money to 28 allottees with interest at the prescribed rate. The order has come in the backdrop of a project in which the promoter failed to commence construction even at the primary...

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Moneylife Digital Team 07 November 2022
The capital market regulator Securities and Exchange Board of India (SEBI) settled 107 applications pertaining to flouting of securities law and fetched Rs59 crore through settlement charges in financial year (FY) 2021-22. This was way lower than 216 applications disposed by passing...

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IANS 07 November 2022
The Central Consumer Protection Authority (CCPA) has passed an order against Cloudtail India Pvt. Ltd. for violation of consumer rights and unfair trade practice by selling domestic pressure cookers in violation to mandatory standards prescribed as per Domestic Pressure Cooker (Quality...

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Sucheta Dalal Sucheta Dalal 05 November 2022
Do banks charge for transactions through the Unified Payments Interface (UPI) after a certain number of debits, when they are supposed to be free? Anyone who has used the platform would answer with an unequivocal no, barring three—an IIT professor who researches banking issues, a former...

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Moneylife Digital Team 05 November 2022
All India Bank Employees' Association (AIBEA) has demanded disqualification and a ban on financial services-provider Vakrangee Ltd for the company's repeated non-compliance with the rules and regulations of the Reserve Bank of India (RBI).   CH Venkatachalam, general secretary of...

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Moneylife Digital Team 03 November 2022
The Reserve Bank of India (RBI) says the Maharashtra registrar of cooperative societies (RCS) has appointed a liquidator for winding up affairs of Pune-based Rupee Co-operative Bank Ltd (Rupee Bank). This follows the dismissal of an appeal filed by Rupee Bank before the appellate authority...

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IANS 02 November 2022
Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday reiterated that the Bank will not release its communication to the Central government to the public.   However, the decision taken at the monetary policy committee (MPC) meeting and the minutes have to be published as...

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Moneylife Digital Team 02 November 2022
The Securities and Exchange Board of India (SEBI) has penalised five former independent directors of Bombay Dyeing and Manufacturing Company (BDMCL) including Ishaat Hussain and SS Kelkar with a total fine of Rs59 lakh for alleged failure to carry out adequate due diligence and exercise...

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Moneylife Digital Team 02 November 2022
Capital markets regulator Securities and Exchange Board of India (SEBI) has imposed a fine totalling Rs21 crore on 52 entities, including Fortis Healthcare Holdings, in a case pertaining to huge diversion and mis-utilisation of funds of Religare Finvest, an arm of Religare...

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Moneylife Digital Team 02 November 2022
Market regulator Securities Exchange Board of India (SEBI) has slapped a penalty of Rs1.05 crore on 21 entities for manipulating the share price of Limited (SRDL). The regulator has imposed a penalty of Rs5 lakh each on these 21 entities and directed them to pay the amount within 45 days,...

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Moneylife Digital Team 02 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has restrained 11 entities, including Urban Infrastructure Venture Capital Ltd, its trustee and their respective directors, from associating themselves with any registered intermediaries,  including mutual funds (MFs), alternative...

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Moneylife Digital Team 01 November 2022
Markets regulator Securities and Exchange Board of India (SEBI) has banned fugitive businessman Mehul Choksi, former promoter & chairman of Gitanjali Gems, from trading in the markets for 10 years for using front entities to trade in the shares of the company to maintain its price from...

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Moneylife Digital Team 01 November 2022
Market regulator Securities and Exchange Board of India (SEBI) on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated...

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Moneylife Digital Team 31 October 2022
The Reserve Bank of India (RBI) is launching a pilot project from 1 November 2022 for its digital rupee or central bank digital currency (CBDC) for the wholesale segment (e₹-W). The first pilot for the retail segment (e₹-R) would be launched in a month at select locations, the central...

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Moneylife Digital Team 31 October 2022
Expressing concern over the mushrooming of digital lending apps or DLAs, many of which do not abide by any regulations or fair practice codes, Shaktikanta Das, governor of Reserve Bank of India (RBI), feels that the technology revolution has opened the backdoor for unregulated technology...

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