REGULATIONS


Moneylife Digital Team 10 March 2025
Bondconnect Securities Pvt Ltd, formerly known as Wealthsigns Securities Pvt Ltd (applicant 1), along with two other parties, Aditya Umeshchandra Mehta (applicant 2) and Amal Manish Dani (applicant 3), paid Rs15.92 lakh to Securities and Exchange Board of India (SEBI) to settle a case of...

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Moneylife Digital Team 10 March 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs76.60 lakh on four non-banking financial companies (NBFCs) for non-compliance with provisions of the NBFC Peer-to-peer (P2P) Lending Platform Directions, 2017. The highest penalty of Rs40 lakh was imposed on Fairassets Technologies India...

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Moneylife Digital Team 10 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a six-month suspension on the certificate of registration (CoR) of Profit Vista Financial Research, led by proprietor Gaurav Agrawal, due to various regulatory violations.    In an order, Amarjeet Singh, whole-time...

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It is Tuhin Kanta Pandey’s first day as chairman of the Securities & Exchange Board of India (SEBI) as I write this column and he is already facing a storm. His predecessor, Madhabi Puri Buch, and three whole-time members (WTMs) are making headlines over alleged corruption related to the...

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Moneylife Digital Team 07 March 2025
Tuhin Kanta Pandey, the newly appointed chairperson of the Securities and Exchange Board of India (SEBI), has emphasised the market regulator's commitment to disclosing any conflicts of interest among its board members to build public trust in SEBI's operations, says a report from...

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Moneylife Digital Team 07 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5 lakh on Emami Realty Ltd for violations related to the issuance of zero coupon unsecured optionally convertible debentures (OCDs) to its promoter group companies.   In early 2023, Emami Realty issued...

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Moneylife Digital Team 07 March 2025
BCL Industries Ltd and its promoter and managing director (MD), Rajinder Mittal, have agreed to pay Rs42.90 lakh to settle adjudication proceedings initiated by the Securities and Exchange Board of India (SEBI) for alleged violations of various regulations under the SEBI Act, 1992. The...

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Moneylife Digital Team 07 March 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs3.50 lakh on two cooperative banks and a non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Karnataka-based Sri Basaveshwar...

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Moneylife Digital Team 07 March 2025
CitiCorp Investment Bank (Singapore) Ltd paid Rs36 lakh to settle a case with market regulator Securities and Exchange Board of India (SEBI) related to alleged violations of Foreign Portfolio Investor (FPI) Regulations.    According to an order issued by SEBI, CitiCorp Investment Bank issued...

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Moneylife Digital Team 06 March 2025
Five former and current officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) paid Rs95.55 lakh to settle a regulatory violation case with market regulator Securities and Exchange Board of India (SEBI). The five individuals include: Vivek Gopalbhai Dadhania (audit...

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Moneylife Digital Team 05 March 2025
Yashish Dahiya, chairperson and chief executive officer (CEO) of PB Fintech Ltd, paid Rs9.42 lakh to settle a case of alleged violations of insider trading regulations with market regulator Securities and Exchange Board of India (SEBI).   This settlement resolves the adjudication proceedings...

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Sahyaja MS (Bar  and   Bench) 04 March 2025
The Bombay High Court on Tuesday stayed a special court order to register a first information report (FIR) against against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and other SEBI and Bombay Stock Exchange (BSE) officials in connection with a listing...

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Moneylife Digital Team 04 March 2025
The Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh on Bihar-based Magadh Central Cooperative Bank Ltd for non-compliance with RBI directions on know-your-customer (KYC).   A statutory inspection of the lender was conducted by National Bank for Agriculture and Rural Development...

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Moneylife Digital Team 04 March 2025
Market regulator Securities and Exchange Board of India (SEBI) extended the deadline by one month for reporting differential rights issues by alternative investment funds (AIFs). The new deadline is 31 March 2025, a one-month extension from the previous due date of 28 February 2025.   The...

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Sahyaja MS (Bar  and   Bench) 03 March 2025
Former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and two others have approached the Bombay High Court to quash an order passed by a Mumbai court on Saturday directing the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against them in...

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Moneylife Digital Team 03 March 2025
Nitco Ltd (noticee 1) and the company's promoter and chairman and managing director (CMD), Vivek Talwar (noticee 2), paid Rs1.17 crore to settle a case related to non-compliance with SEBI Listing Obligations and Disclosure Regulations (LODR) and other associated violations. The settlement,...

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Moneylife Digital Team 03 March 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs99.70 lakh on Hong Kong and Shanghai Banking Corporation Ltd (HSBC) and IIFL Samasta Finance Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs66.60...

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Moneylife Digital Team 03 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs4 lakh on CB Management Services Pvt Ltd. This penalty follows an inspection conducted from 3rd March to 30 March 2022. The violations identified during the inspection include non-compliance with SEBI...

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Moneylife Digital Team 03 March 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs8 lakh on KellyGamma Fund, KellyGamma Advisors LLP, Sharvil Parikh and Vistra ITCL (India) Ltd for multiple violations of the SEBI Alternative Investment Funds (AIF) Regulations, 2012, during the period...

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This is not a Valentine Day gift that depositors of New India Cooperative Bank (NICB), founded by the late firebrand socialist leader and later defence minister, George Fernandes, had expected. On 14th February, they found themselves rushing to withdraw their money on learning that the Reserve...

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