REGULATIONS


Moneylife Digital Team 26 December 2024
Holding two chartered accountant (CA) partners from Haribhakti & Co LLP responsible for failing to meet the relevant requirements of the standards on auditing (SA), serious lapses and absence of due diligence in the audit of DB Realty Ltd (DBRL), the national financial reporting authority...

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Moneylife Digital Team 26 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs19 lakh on Sai Proficient Research Investment Advisory (SPRIA) and its proprietor, Meeshika Vishwakarma, for regulatory violations, including misleading investors with false promises of returns.   In an...

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Moneylife Digital Team 24 December 2024
Reserve Bank of India (RBI) has imposed a total penalty of Rs12.10 lakh on five cooperative banks from Gujarat for non-compliance with the directions issued by the banking regulator.   The banks penalised by RBI are: Thasra People’s Cooperative Bank Ltd, Chanasma Commercial Cooperative Bank...

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Moneylife Digital Team 23 December 2024
In a significant policy decision that reveals the complex challenges facing India's economy, the Reserve Bank of India (RBI) kept its key lending rate unchanged at 6.5% for the 11th straight time, while making a strategic move to inject liquidity through a CRR cut. The decision came against a...

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Moneylife Digital Team 23 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs47.30 lakh on IndusInd Bank and Manappuram Finance Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs27.30 lakh has been imposed on IndusInd Bank.   IndusInd Bank has been fined for...

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Moneylife Digital Team 23 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs10 lakh on Stockholding Services Ltd, formerly SHCIL Services Ltd, for several violations of the SEBI (Stock Brokers) Regulations and related circulars. The penalty follows a comprehensive inspection...

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Many of us missed this 22nd November report, where the securities appellate tribunal (SAT), once again, imposed a penalty of Rs1 lakh on the Securities & Exchange Board of India (SEBI) for passing a ‘mechanical order’ against Ms SRBC & Co. LLP (SRBC) a joint auditor of Infibeam Avenues Ltd...

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Moneylife Digital Team 20 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs22.60 lakh on four cooperative banks from Madhya Pradesh (MP) and one from Mumbai, Maharashtra for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs15 lakh has been imposed on Maharashtra-based...

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Moneylife Digital Team 20 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of Rs20 lakh on four entities found guilty of engaging in non-genuine trading activities within the illiquid stock options segment of the Bombay Stock Exchange (BSE). Each implicated entity has been fined Rs5...

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Moneylife Digital Team 19 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has approved a series of measures, including stricter regulatory norms for initial public offerings (IPOs) of small and medium enterprises (SMEs), a comprehensive overhaul of investment banking regulations, and an expanded...

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Moneylife Digital Team 19 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of Rs10 lakh on two entities found guilty of engaging in non-genuine trading activities within the illiquid stock options segment of the Bombay Stock Exchange (BSE). Each implicated entity has been fined Rs5...

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Moneylife Digital Team 18 December 2024
India's market regulator, the Securities and Exchange Board of India (SEBI), has unveiled a new asset class called specialised investment funds (SIFs), aimed at providing small investors with high-risk investment opportunities. The products will be offered by mutual funds. The new regulatory...

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Moneylife Digital Team 18 December 2024
Refuting articles from the media about the Securities and Exchange Board of India (SEBI) prohibiting foreign portfolio investors (FPIs) from issuing overseas direct investment (ODI) or participatory notes (P-Notes), the market regulator says, FPIs have been barred only from issuing ODIs with...

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Moneylife Digital Team 18 December 2024
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of four non-banking financial companies (NBFCs), including two from Tamil Nadu and one each from Chhattisgarh and Uttar Pradesh (UP). RBI did not share reasons for cancelling the registration of these four...

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Moneylife Digital Team 18 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs7 lakh on Gaurav Jain, director and compliance officer of Expert Global Consultants Pvt Ltd, for multiple violations of SEBI regulations and circulars. The penalty stems from a detailed examination...

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Moneylife Digital Team 18 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred for two years Sunil Kumar Ray, proprietor of Trade Show Advisory for providing illegal investment advisory services. Mr Ray has also been slapped with a fine of Rs6 lakh and has been asked to refund Rs1.06 crore the money...

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Moneylife Digital Team 17 December 2024
On 17 December 2024, the Securities and Exchange Board of India (SEBI) introduced comprehensive amendments to the Research Analysts (RA) and Investment Advisers (IA) Regulations, marking a significant overhaul of the financial advisory landscape. The amendments aim to address long-standing...

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Moneylife Digital Team 17 December 2024
The Securities Appellate Tribunal (SAT) recently imposed a cost of Rs1 lakh on market regulator Securities and Exchange Board of India (SEBI) for passing a 'mechanical order" against SRBC & Co LLP, the auditor of Infibeam Avenues Ltd. SAT also asked SEBI to 'examine facts holistically and...

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Moneylife Digital Team 17 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5 lakh on Asian Hotels (West) Ltd for misrepresentation of disclosures and non-compliance with key provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations (LODR...

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Moneylife Digital Team 17 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs22.96 lakh on four cooperative banks, including three from Gujarat and one from Maharashtra, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs15 lakh has been imposed on Gujarat-based on SBPP...

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