INVESTOR ISSUES


Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 lakh on an ex-employee of Infosys for violating the model code of conduct in a case related to shares of Infosys. The individual, Prateek Sarawgi, was working as an Associate Manager (Business...

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Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has derecognised Indian Commodity Exchange Ltd saying the bourse does not have sufficient number of experienced staff and requisite financial capacity. Consequently, “ICEX shall cease to be a recognised stock exchange,” SEBI said...

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In what could dampen the mood of crypto lovers, sales of non-fungible tokens (NFTs) have fallen a massive 92 per cent since September last year, shows data from popular website NonFungible.   The sale of NFTs fell to a daily average of about 19,000 this week, a 92 per cent decline...

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The National Spot Exchange Limited (NSEL) said on Wednesday that the Supreme Court (SC) has approved the constitution of a high-powered committee headed by retired judge of the Bombay High Court, Pradeep Nandrajog, for recovery of monies from the defaulters where NSEL has secured money...

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Share of retail investors (individuals with up to Rs2 lakh shareholding) in companies listed on the National Stock Exchange (NSE) reached an all-time high of 7.42% as on 31 March 2022 from 7.33% as on 31 December 2021, as per Primeinfobase, an initiative of Prime Database group.   In...

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Mandatory corporate governance rules have not stopped the management of listed companies, public-private partnerships or even first-line regulators from doing what they please. The independence of boards is a sham; directors are usually eager to please management and ignore whistle-blowers,...

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Last Thursday, the Central Bureau of Investigation (CBI) filed a charge sheet against Chitra Ramkrishna, former chief executive officer (CEO) of the National Stock Exchange (NSE) and Anand Subramanian, former group operating officer (GOO), in connection with the co-location (Colo) fraud case...

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Moneylife Digital Team 29 April 2022
Sunness Capital India Pvt Ltd (Sunness Capital) has become the 32nd defaulter broker since May 2019, to be expelled by the National Stock Exchange (NSE). According to NSE, the Bengaluru-based broker's trading rights have been withdrawn in equity, futures & options (F&O) and commodity segments...

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Moneylife Digital Team 29 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs29 crore on nine entities for misutilisation of investor clients' funds and securities and siphoning off funds. Those penalised by SEBI include Amrapali Aadya Trading and Investments Pvt Ltd (AATIPL),...

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Moneylife Digital Team 26 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has streamlined the payment of processing fees through the unified payments interface (UPI) system for shares applied for and allotted during an initial public offering (IPO).    Additionally, the market regulator has...

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Amway India is in trouble again. The global direct-selling company, which Wikipedia refers to as a multi-level marketing (MLM) company, had Rs757.77 crore of its Indian assets attached on 18th April by the enforcement directorate (ED) which investigates economic crime and money laundering. ED...

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Moneylife Digital Team 23 April 2022
Concunsmart Shares and Stock Brokers Pvt Ltd (Concunsmart) has become the 31st broker, since May 2019, to be expelled by the National Stock Exchange (NSE) for non-adherence to regulatory provisions. According to NSE, the Mumbai-based broker's trading rights have been withdrawn in equity,...

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The Enforcement Directorate (ED) on Friday provisionally attached assets worth Rs 6.28 crore in Assam in connection with a Prevention of Money Laundering case registered against Saradha Group of Companies for running illegal Ponzi schemes.   The ED initiated the investigation on the...

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Moneylife Digital Team 20 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of Rs5 crore each on brothers Malvinder Singh and Shivinder Singh in the Fortis Healthcare matter while also barring the Singh brothers from the securities market for a period of three years. In a...

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Moneylife Digital Team 20 April 2022
Interest-free refundable security deposits are not exigible (liable to be exacted or required) to service tax since they are not collected in consideration for providing a service, rules the Ahmedabad bench of the customs, excise & service tax appellate tribunal (CESTAT).    As per a...

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Moneylife Digital Team 19 April 2022
The Reserve Bank of India (RBI) has imposed monetary penalty of Rs17 lakh on Manappuram Finance Ltd (a non banking finance company mainly known for providing personal loans against gold or gold jewellery) for violating its directions on know your customer (KYC) norms.   The penalty...

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Moneylife Digital Team 19 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has notified the operational guidelines for distributed ledger technology used for blockchains to monitor security and covenants of non-convertible securities.   SEBI had laid out a broad framework in August 2021, and has...

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Moneylife Digital Team 18 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has introduced a risk management framework or risk-o-meter for evaluating the risk level of gold and gold related instruments in which mutual funds are permitted to invest. In a circular, SEBI said that these instruments will be...

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Twitter, Inc. has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Tesla CEO Elon Musk.   The Rights Plan, often called the "poison pill", will reduce the...

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Moneylife Digital Team 14 April 2022
Market regulator Securities & Exchange Board of India (SEBI) has invited bids to sell 15 immovable properties in the recovery proceedings against Sun Plant Agro Ltd, Sun Plant Business Ltd, Remac Realty Ltd and their directors through an e-auction platform.    The reserve price for...

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