REGULATIONS


Moneylife Digital Team 07 September 2021
Market regulator Securities and Exchange Board of India (SEBI) has decided to introduce trading plus one (T+1) or T+2 rolling settlement for stock exchanges on an optional basis for any scrip they choose from 1st January.    In a circular, SEBI says, "It has been decided to provide...

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Moneylife Digital Team 07 September 2021
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has established citizens call centre or helpdesk to resolve queries of home buyers related to various services. This is fully equipped with toll free number -- 1800 210 3770 and 022 – 69157100, which will be operational from 7am to...

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Moneylife Digital Team 06 September 2021
Multiple high courts (HCs) from across the country have almost simultaneously admitted petitions challenging the constitutionality of the Banking Regulation Act 2020 and stayed the execution of the Reserve Bank of India (RBI) circular issued on 25 June 2021. This circular notified several...

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Sukant Deepak (IANS) 06 September 2021
Even as the amazing success of the latest book Absolute Power: Inside story of the National Stock Exchanges amazing success, leading to hubris, regulatory capture and algo scam, co-authored with her husband Debashis Basu, which was launched in June has gone into a second print with online...

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Moneylife Digital Team 03 September 2021
Market regulator Securities and Exchange Board of India (SEBI) has confirmed its directions passed in an interim order on 13 January 2021 that had barred Hemant Ghai, former host of a show on CNBC Awaaz and two of his family members from recommending stocks. Mr Ghai used to host the “Stock...

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Sucheta Dalal Sucheta Dalal 03 September 2021
Seven years after the promise of a clean and corruption-free government, some Indians are again drawing faint hope from two judicial orders this week. Are these orders a harbinger of change? Will fear of judicial action prevent wrongdoing? Or will these orders be rendered meaningless as they...

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Pratik Patnaik (The Leaflet) 02 September 2021
Social impact investments which aim at generating measurable social impact alongside a financial return have become the new instruments of change.   They involve investing funds into enterprises, which have a positive social spillover effect, by the usual investment routes of...

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IANS 02 September 2021
The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC) regulations.   The penalty has been imposed in exercise of powers vested in the RBI under provisions of Section 47A(1)(c) read with Section...

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IANS 02 September 2021
Brokerage firm Zerodha has received in-principle approval from the SEBI to launch its asset management company.   Zerodha Founder and CEO, Nithin Kamath said in a tweet on Wednesday: "So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard...

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Moneylife Digital Team 31 August 2021
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs6 lakh on Parwati Capital Market Pvt Ltd in the National Stock Exchange of India Ltd (NSE) co-location (Colo) case.   The market regulator had received multiple complaints about alleged...

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Moneylife Digital Team 30 August 2021
The Securities and Exchange Board of India (SEBI) 's new peak margin norms are set to come into force from 1st September. The stock market might undergo a radical shift when these norms come into effect. The peak margin rule has significantly hiked the initial money requirement to...

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Moneylife Digital Team 27 August 2021
Market regulator Securities & Exchange Board of India (SEBI) has barred Kotak Mahindra Asset Management Company (AMC) from launching any new fixed maturity plan (FMP) for the next six months for the delay in payments to unit-holders of its six schemes. Kotak Mahindra Mutual Fund (KMMF) has...

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Moneylife Digital Team 27 August 2021
The Securities and Exchange Board of India (SEBI) has issued a circular with detailed modalities for implementation of the accredited investors framework, a move expected to open up a new channel of raising funds from sophisticated investors. The circular addresses eligibility criteria for...

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Moneylife Digital Team 26 August 2021
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs6 lakh on Capital First Ltd for not disclosing encumbrance on shares of Deccan Chronicle Holdings Ltd (DCHL). Capital First (erstwhile Future Capital Holdings) merged with IDFC Bank in 2018 and the...

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Moneylife Digital Team 26 August 2021
The Karnataka State Chartered Accountants Association (KSCAA) has requested finance minister (FM) Nirmala Sitharaman to rationalise penalty provisions under Section 270AA of Income-Tax (I-T) Act, 1961. "Since this is the first year of implementation of sections 270A and 270AA, there are...

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Moneylife Digital Team 26 August 2021
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on six individuals for violating insider trading norms concerning insider trading of Titan Company Ltd.   These individuals penalised in six separate but similarly worded orders are...

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Moneylife Digital Team 25 August 2021
The National Stock Exchange (NSE) has instructed all members, including stockbrokers and wealth managers, to wind down the sale of digital gold on their platforms by 10th September.   The move follows a warning by Securities and Exchange Board of India (SEBI) on the sale of digital...

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The Ministry of Corporate Affairs has cautioned the public and stakeholders of 'Nidhi' businesses as none of the the companies scrutinised by the government so far have been able to satisfy the requisite criteria for being declared a Nidhi company.   The business of Nidhi companies...

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Moneylife Digital Team 19 August 2021
UPDATED at 4.10pm on 19 August 2021 to include response received from ICEX   There was mismanagement in the liquidity enhancement scheme (LES) at the Indian Commodity Exchange Ltd (ICEX) that resulted in a loss of Rs15 crore. The board of directors of ICEX ordered a forensic audit...

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Moneylife Digital Team 18 August 2021
The Reserve Bank of India (RBI) has decided to partially lift its ban on HDFC Bank Ltd from 18 August 2021. As per the partial relief, HDFC Bank will be able to issue new credit cards, after a ban of eight months imposed by RBI for technical glitches.   In a regulatory filing, HDFC...

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