REGULATIONS


Dr Rashmi Saluja, the executive chairperson of Religare Enterprises Ltd (REL), that has been in the news due to a hostile bid by the Burmans on the entity, and a counter bid by an Indian-American businessman, has thrown an interesting challenge to the regulators and the corporate experts post...

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Bar  and   Bench 12 February 2025
United States President Donald J Trump on February 10 signed an executive order today suspending the enforcement of the Foreign Corrupt Practices Act (FCPA) of 1977 in a move to enhance American business competitiveness and national security.   The move offers relief to Adani Group...

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Moneylife Digital Team 12 February 2025
Following compliance by Kotak Mahindra Bank Ltd, the Reserve Bank of India (RBI) has decided to remove supervisory restrictions imposed on the lender in April 2024. Kotak Mahindra Bank can now onboard new customers and also issue fresh credit cards.   In a release, RBI says, "...Kotak...

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Moneylife Digital Team 12 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Pritam Prabodh Deuskar, a registered research analyst (RA), for failing to comply with the regulatory requirement of conducting annual audits for FY21-22 and FY22-23.   In its order, SEBI's...

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Moneylife Digital Team 12 February 2025
Wadia Group company National Peroxide Ltd paid Rs9.42 lakh to settle a case with the Securities and Exchange Board of India (SEBI) over alleged disclosure lapses.     SEBI had initiated an investigation into the company for violating Clause 5 of Para A of Part II of the master circular on...

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Moneylife Digital Team 12 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Link Intime India Pvt Ltd for cybersecurity violations committed by TSR Consultants Pvt Ltd (TSR) before their amalgamation. The violations were linked to delayed reporting of the closure of...

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Moneylife Digital Team 11 February 2025
The Securities and Exchange Board of India (SEBI) has issued an interim order against LS Industries Ltd (LSIL) and five associated entities after uncovering a shocking share transfer scheme and stock manipulation. A 12.12% stake in LSIL, nominally valued at Rs10.28 crore, was sold to a...

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Moneylife Digital Team 11 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a ban on Kalahridhaan Trendz Ltd (KTL), a small and medium enterprise (SME) listed on the National Stock Exchange (NSE) 's Emerge platform, and the company promoters for violating disclosure regulations.   Along with...

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Moneylife Digital Team 10 February 2025
In its ongoing efforts to combat insider trading and improve market transparency, the Securities and Exchange Board of India (SEBI) has proposed to extend the automated closure of the trading window before the declaration of financial results to the immediate relatives of designated persons of...

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Moneylife Digital Team 10 February 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs35.60 lakh on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs27.30 lakh has been imposed on Federal Bank. Karur Vysya Bank was fined Rs8.30...

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Moneylife Digital Team 10 February 2025
The Reserve Bank of India (RBI) has approved the voluntary amalgamation of two urban cooperative banks (UCBs). The first amalgamation is between Goa-based Citizen Cooperative Bank (CCB) and Thane, Maharashtra-based TJSB Sahakari Bank (TJSB). At the same time, the second involves Satara-based...

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When aiming to protect investors by eliminating fraudsters, what approach should one take? Should the focus be on pursuing the crooks, or imposing additional regulations and tracking requirements on legal, registered intermediaries attempting to run a clean business?   The Securities &...

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Moneylife Digital Team 07 February 2025
In a major crackdown on unregistered investment advisory services, the Securities and Exchange Board of India (SEBI) has issued an interim order against Asmita Patel Global School of Trading Pvt Ltd (APGSTPL), its director Asmita Patel, her husband Jitesh Jethalal Patel and associated entities,...

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Moneylife Digital Team 07 February 2025
As expected, the Reserve Bank of India (RBI), in its first monetary policy committee (MPC) meeting for 2025, decided to cut the repo rate, the central bank's rate for short-term loans to banks, by 25bps (basis points) to 6.25% from 6.5%. Consequently, the standing deposit facility (SDF) rate is...

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Moneylife Digital Team 07 February 2025
Market Regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs34 crore on Brightcom Group Ltd (BGL) (noticee 1), the company promoters, and other key individuals involved in financial misreporting. BGL promoters M Suresh Kumar Reddy, former chairman and managing director...

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Moneylife Digital Team 06 February 2025
After superseding the board of directors of Aviom India Housing Finance Pvt Ltd and appointing Ram Kumar, former chief general manager (CGM) of Punjab National Bank, as the administrator, the Reserve Bank of India (RBI) filed an application before the New Delhi bench of the national company law...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI), has imposed a penalty of Rs6 lakh on Junjharji Investment Pvt Ltd (JIPL) for multiple regulatory violations, including the misuse of client funds, false margin reporting, failure to settle funds, improper handling of client...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on eight entities, including DB Realty Ltd (DBRL) (now known as Valor Estate) (noticee 1), the company promoters and key officials, following significant violations of financial disclosure...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has announced a new regulatory framework to ensure the safer participation of retail investors in algorithmic (algo) trading. The new rules, outlined in a circular issued on 4 February 2025, aim to establish proper checks &...

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Moneylife Digital Team 04 February 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed mandating digital assurances of financial statements of top-100 listed companies to create greater transparency and trust in the financial disclosures made by the listed entities. Reporting on digital assurance will be...

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