INVESTOR ISSUES


Once again, an anonymous source at the Indian capital market regulator has leaked information to a leading news agency about a price-sensitive investigation. Indeed, this is a case where the Supreme Court had felt the need to constitute an ‘expert’ committee to examine whether there was...

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Moneylife Digital Team 22 April 2024
On 22nd April, the national company law tribunal (NCLT) in Delhi accepted Indiabulls Housing Finance's (IBHF) petition for personal insolvency against Subhash Chandra, the chairman emeritus of Zee Entertainment Enterprises Limited (ZEEL), due to guarantees provided to Vivek...

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Moneylife Digital Team 22 April 2024
In a significant development, a special PMLA (Prevention of Money Laundering Act) court in Mumbai has granted bail to Yes Bank co-founder Rana Kapoor in a Rs400-crore loan fraud case. The decision, while marking a pivotal moment in Mr Kapoor's legal saga, also raised questions about the...

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Chandramouli Mohan 20 April 2024
Have you ever received an SMS or email from your bank informing you that your account is frozen, for want of know-your-customer (KYC) or re-KYC? You are not alone. This has happened to the Moneylife Foundation also.   Mind you, the Reserve Bank of India (RBI) has never directed or suggested...

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Moneylife Digital Team 20 April 2024
The refund process for Sahara investors, initiated by the Indian government early last year, has been facing tremendous delays, with a significant number of investors yet to receive any payout from the central registrar of cooperative societies (CRCS) online portal.    With great anticipation...

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Moneylife Digital Team 12 April 2024
The Delhi high court (HC) has ordered the taking down of a “fraudulent website” impersonating Tata Sons Pvt Ltd and luring customers to invest in their Ponzi investment scheme. Last month, Moneylife had warned about Tata Restart, a Ponzi, collective investment scam that has been misusing the...

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Moneylife Digital Team 10 April 2024
Over the past few days, some videos have been circulating on social media in which Ashaishkumar Chauhan, managing director and chief executive officer (MD&CEO) of the National Stock Exchange (NSE), is seen recommending some stocks for investment. However, the Exchange says all these videos are...

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Moneylife Digital Team 08 April 2024
Market regulator Securities and Exchange Board of India (SEBI) has ordered Ravindra Bharti Education Institute Pvt Ltd, an unregistered investment advisory business set up by financial influencer Ravindra Balu Bharti, to disgorge unlawful gains of Rs12.03 crore.    In an order, Kamlesh C...

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Shirish Shanbhag 21 March 2024
Among the various expenses that home-buyers are expected to bear are transfer charges or collector's fees if the cooperative housing society (CHS/Society) is built on land owned by the district collector. The requirement to pay such transfer charges depends on various conditions, including the...

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Circa 1929: Legend has it Joseph Kennedy, a smart market player, was offered stock tips from a shoe-shine boy, leading him to sell all his holdings before the October 1929 crash. Kennedy, later the first chairman of the US SEC (Securities and Exchange Commission), reasoned that if shoe-shine...

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Moneylife Digital Team 12 March 2024
Ahmedabad-based high net-worth individual (NHI) investor Seetha Kumari has won an arbitral award worth Rs33.64 crore against Bajaj Finance Ltd for breach of contract and selling her pledged shares at a low price, says a report from Economic Times (ET). The arbitration award would affect the...

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The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange.   The Financial Supervisory Service (FSS) said its preliminary inspection, conducted for...

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The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.   The six FAQs cover in detail the centralised information that is...

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Abhay Datar 04 March 2024
Many readers of Moneylife will be familiar with the importance of nominations and/or wills, as well as the potential consequences of neglecting to make one. Share market and mutual fund investors are likely to receive frequent SMS reminders to submit their nominations by specified deadlines,...

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Moneylife Digital Team 01 March 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred NIFM Equity and Commodity Research (noticee 1) and its partners Ritesh Singh Pundir (noticee 2), Nilesh Singh (noticee 3) and Arvind Kumar (noticee 4) for two years for providing illegal investment advisory services....

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Moneylife Digital Team 01 March 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Heet Manish Bapna alias Heet Manish Bafna (noticee), proprietor of Standard Chartists, for three years for providing unregistered investment advisory services. While imposing a fine of Rs5 lakh, SEBI also asked Mr Bapna...

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Moneylife Digital Team 28 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has ordered Sandhya Projects Ltd (SPL) and the company directors Rajib Kumar Saha, Dilip Saha and Subindu Pramanik (noticees) to jointly and severally refund money collected through the issuance of redeemable preference shares...

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Moneylife Digital Team 26 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has urged investors to exercise caution and to steer clear of any social media messages, WhatsApp groups, Telegram channels, or apps claiming to facilitate stock market access through foreign portfolio investors (FPIs) or foreign...

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Moneylife Digital Team 22 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has issued warning letters to four entities offering illegal investment advisory to investors. Entities that SEBI had warned in February are EHGTips/Earn in Hidden Gems (proprietor Manik Katyal) from Ambala, Haryana,...

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Moneylife Digital Team 19 February 2024
As many as over 2.08mn (million) investors of PACL Ltd, with a claim of up to Rs19,000, have been paid over Rs1,021 crore, says market regulator Securities and Exchange Board of India (SEBI).   The justice RM Lodha committee is supervising the Supreme Court (SC)-ordered process of...

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