INVESTOR ISSUES


Five years after his passing, and nearly a decade after his 2015-16 Budget speech, India’s savers have many reasons to remember the late finance minister Arun Jaitley. His tenure marked the last time a serious conversation took place within the government about the vast reserves of unclaimed...

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Moneylife Digital Team 04 October 2024
In a significant move aimed at simplifying asset transmission and boosting investor convenience, the Securities and Exchange Board of India (SEBI) has approved several amendments to its regulations governing nomination facilities in the Indian securities market. The new norms, which were...

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Moneylife Digital Team 02 October 2024
On 1 October 2024, a new chapter unfolded in the ongoing story of ICICI Securities' attempt to delist from the stock market. A minority shareholder, who felt dissatisfied with the previous decision permitting the delisting, appealed to the national company law appellate tribunal (NCLAT),...

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Moneylife Digital Team 02 October 2024
Securities and Exchange Board of India (SEBI) put a stricter framework in place for equity index derivatives by increasing the minimum contract size and mandating upfront collection of option premiums to curb speculative trading. SEBI also introduced new stress testing methodologies for the...

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Moneylife Digital Team 01 October 2024
Some victims of the illegal investment fraud carried out by IX Global LLC, IX Global Academy Pvt Ltd, Pochale Global Academy Pvt Ltd and TP Global FX are receiving summons from the Mumbai police and the Kolkata office of the directorate of enforcement (ED). In the summons, the Mumbai police and...

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There are two kinds of people who were lured by the promise of high, tax-free, guaranteed returns on agriculture, promised by Growpital: a) those who are too young to remember the1990s when lakhs of people lost money in agriculture and plantation companies that had promised extraordinary...

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Moneylife Digital Team 27 September 2024
In a significant development in the ongoing ICICI Securities delisting controversy, the national company law tribunal (NCLT) in Ahmedabad has ordered ICICI Bank to disclose the SEBI Exemption Order granted on 20 June 2023. This decision, made on 19 September 2024, marks the second judicial...

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Moneylife Digital Team 26 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has ordered Vaishno Devi Dairy Products Ltd (VDDPL) and six of its directors to refund the money which it had raised illegally from investors and also barred them from the securities market between three months to four years. These...

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Moneylife Digital Team 23 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Madhav Tiwari (noticee), proprietor of Divinecommodity.co, for two years for providing unregistered investment advisory services. While imposing a fine of Rs6 lakh, SEBI also asked Mr Tiwari to refund Rs1.70 crore...

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Moneylife Digital Team 19 September 2024
The Union government has increased the upper limit from Rs10,000 to Rs50,000 per person to refund money to depositors of the Sahara group of cooperative societies. Out of the sanctioned Rs5,000 crore, the central registrar of cooperative societies (CRCS) has disbursed Rs370 crore to the...

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Moneylife Digital Team 18 September 2024
National Stock Exchange of India Ltd (NSE) has decided to allot bonus shares to all shareholders in 4:1 ratio. NSE announced book closure and record date for the bonus issue. The bonus shares will be allotted to shareholders of NSE, whose names appear in the registrar of members on 2 November...

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Moneylife Digital Team 18 September 2024
After asking TrafikSol ITS Technologies Ltd to keep all proceedings from its initial public offering (IPO) in an escrow account, the Bombay Stock Exchange (BSE) decided to halt the listing of the company shares, citing some unresolved queries. The Rs44.87 crore IPO of TrafikSol on the small and...

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Moneylife Digital Team 14 September 2024
In a startling new development, the Indian National Congress has levelled fresh allegations against Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), on 14 September 2024. These new claims add another layer to the ongoing controversy surrounding Buch's...

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The raging controversy over Madhabi Puri Buch and turmoil at the market regulatory body, almost drowned out a stunning order by the Bombay High Court on 26 August 2024. A bench of justices GS Kulkarni and Firdosh P Pooniwalla had imposed a stiff penalty of Rs80 lakh on the Securities & Exchange...

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Moneylife Digital Team 13 September 2024
PN Gadgil Jewellers Ltd (PNG), a Maharashtra-based jewellery chain, has come out with an initial public offering (IPO). One of the interesting aspects of the IPO is the exorbitant compensation to the management as a percentage of profit. The compensation of key managerial personnel (KMP) as a...

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Moneylife Digital Team 13 September 2024
In the latest development of the ICICI Securities delisting controversy, an appeal has been filed with the national company law appellate tribunal (NCLAT) challenging the order passed by the Mumbai bench of the national company law tribunal (NCLT) on 21 August 2024. The appeal, filed by Manu...

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Moneylife Digital Team 10 September 2024
After finding procedural errors, the Supreme Court set aside the Rs80 lakh penalty imposed by the Bombay High Court (HC) on Securities and Exchange Board of India (SEBI), Bombay Stock Exchange Ltd (BSE) and National Stock Exchange Ltd (NSE) for freezing of demat accounts of two investors. The...

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Moneylife Digital Team 09 September 2024
The Mumbai police have booked 25 entities, including the directors of IX Global LLC, IX Global Academy Pvt Ltd, Pochale Global Academy Pvt Ltd, TP Global FX, their directors and agents for duping 204 investors of around Rs35.21 crore. In a similar case, the Nagpur police have also registered a...

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A series of allegations by the Congress Party against Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI), sent shock waves through the financial sector yesterday, casting a further shadow over the integrity of the market regulator.    The accusations are so...

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The bitter family squabble among the members of the KK Modi clan is expected to come to a head on 6 September 2024 at the annual general meeting (AGM) of the flagship company of the family, Godfrey Philips India Ltd.   Among the resolutions up for voting is the renewal of the term of chairman...

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