INVESTOR ISSUES


Moneylife Digital Team 01 December 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked Fingravy Wealth Creation Services Pvt Ltd and five others to refund the money, within three months, which they collected from investors for providing unregistered investment advisory services through a website. The...

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Since the middle of last week, the spectacular bonfire of FTX, a crypto exchange, has kept us enthralled. FTX, which was valued at US$32bn (billion) a few months ago and funded by the finest names of the global financial markets such as Sequoia, Temasek, Ontario Teachers’ Pension Plan,...

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Moneylife Digital Team 19 November 2022
When the US$32bn (billion) crypto exchange FTX filed for chapter 11 bankruptcy in the US, inviting investigations by regulatory authorities and the justice department, the entire crypto world was plunged into a panic. FTX and its associate, the trading firm Alameda Research, both founded by...

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IANS 19 November 2022
The Central Depository Services (India) Limited (CDSL) has admitted that it was hit by malware in a few of its internal machines.   In a filing with the National Stock Exchange on Friday, the depository said that "as a matter of abundant caution, the company immediately isolated the...

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IANS 17 November 2022
Beleaguered Japanese SoftBank group is likely to sell shares worth around US$215mn (million) in financial payments major Paytm's parent company via a block deal this week, the media reported on Wednesday.   CNBC-TV18 reported, citing sources, that the Japanese investor is offering to...

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In early August, I wrote an article titled "An Old, New Bull Market?" which tried to explain the market mood against the backdrop of rising inflation, escalating interest rates and  slow growth which, together, act as a cold, wet blanket. But the stock markets were resilient. The S&P500,...

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Moneylife Digital Team 07 November 2022
The National Stock Exchange of India (NSE) has issued a warning to the investor against four entities that are collecting funds from the public through assured or guaranteed return schemes.   In two separate releases, NSE says RDQ Tradingswala Technologies Ltd, Swapan Nayak, LFS...

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Moneylife Digital Team 01 November 2022
A panel from the Securities and Exchange Board of India (SEBI) has allowed investors with a claim of up to Rs15,000 to check the status of their claim application and rectify deficiencies, if any.   In a public notice, the market regulator has asked PACL investors to log on to

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Moneylife Digital Team 31 October 2022
Dismissing a special leave petition (SLP) filed by the income tax (I-T) department, the Supreme Court ruled that tax deduction at source (TDS) is not chargeable on non-convertible debentures (NCDs) and fixed deposit (FD) of a value of less than Rs5,000.    In its judgement, the...

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Moneylife Digital Team 31 October 2022
Market regulator Securities and Exchange Board of India (SEBI) on Friday suspended the registration of Registrar to Issue and Share Transfer Agent (RTA) Satellite Corporate Services (SCS) for three months as it did not carry out its fiduciary responsibility to its client. "The Market...

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Last Friday, the shares of Delhivery, a newly listed logistics company, fell 18% on announcing that business volumes have been weak in the September quarter. Delhivery claims to be building “the operating system for commerce,” through a combination of “world-class infrastructure, logistics...

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Moneylife Digital Team 28 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has barred Momentum Tips and its proprietor Ajay Kumar Mukhiya from the securities markets for three years for providing unauthorised investment services.   The regulator issued a show-cause notice (SCN) to Momentum Tips...

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Independent directors are likely to be foisted with a specific responsibility to justify the pricing in an initial public offering (IPO). This was coming, given the controversy around the pricing of certain public floats in the recent past where the shares plummeted post-listing and, in many...

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Moneylife Digital Team 22 October 2022
A minority group of nine shareholders, constituting a shareholding of nearly 13% in Dhanlaxmi Bank, has called for an extraordinary general meeting (EGM) to suspend the powers of its managing director and chief executive officer (MD&CEO) Shivan JK and authorising two other directors—CK...

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Moneylife Digital Team 20 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has allowed stockbrokers registered under the debt segment of the stock exchanges to place or seek bids on the request for quote (RFQ) platform on behalf of its clients. This will be in addition to the existing option of placing...

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Moneylife Digital Team 20 October 2022
Market regulator Securities and Exchange Board of India (SEBI) says there is no need for further debarment of Lokmangal Agro Industries Ltd as the company has refunded investors' money and interest. Lokmangal Agro Industries is part of the Lokmangal group owned by Maharashtra's former...

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Moneylife Digital Team 19 October 2022
Markets regulator Securities and Exchange Board of India (SEBI) has barred Empiric Trade and its proprietor Niraj Thakur from the securities markets for providing advisory services without its authorisation.   The market watchdog had issued a show-cause notice to them in September...

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Moneylife Digital Team 18 October 2022
Setting aside orders passed by the defaulters committee at National Stock Exchange (NSE), the securities appellate tribunal (SAT) asked the Exchange to take a fresh decision on claims submitted by two investors of Anugrah Stock and Broking Pvt Ltd (ASBPL).    In an order passed last...

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Moneylife Digital Team/IANS 17 October 2022
In a big win for small traders, the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act (MPID) court has directed the competent authority (CA) to make a graded distribution only to about 2,040 individual traders who have outstanding amounts between Rs10 lakh and...

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Moneylife Digital Team 14 October 2022
National Stock Exchange (NSE) has issued a press release to cation investors about some unscrupulous individuals who are trying to swindle investors.   In its statement, NSE said ”It has been brought to the notice of the Exchange that person named “Suraj Mourya” associated with entity...

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