REGULATIONS


Vodafone Idea has moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against the telecom regulator's directive blocking certain premium plans of Airtel and Vodafone Idea over net neutrality issues, sources said.   Citing violation of norms and likely impact on the...

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Chairman Ajay Tyagi’s tenure at the Securities and Exchange Board of India (SEBI) will perhaps end in a couple of months; but the ugly jousting for the job appears to have begun in earnest. Or, that is what a provocative post by Dr Subrmanian Swamy, economist and parliamentarian, seems to...

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Investment advisers can either distribute financial products or advise on them to investors, but cannot do both, as per Markets regulator SEBI.   The move will be applicable from October 1. The Securities and Exchange Board of India has amended the Investment Advisers Regulations and...

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In a bid to streamline the operations of international financial services centres (IFSC), the Securities and Exchanges Board of India (SEBI) on Thursday said that it has revised the eligibility and shareholding limit for stock exchanges desirous of operating in IFSCs.   In a circular,...

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The Securities and Exchange Board of India (SEBI) has further extended timelines for regulatory compliances by issuers of municipal debt securities in view of the Covid-19 pandemic.   The regulator extended the relaxations in terms of submission of investor grievance report, financial...

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The Securities Appellate Tribunal (SAT) has ruled that the Securities and Exchange Board of India (SEBI) has the power to initiate proceedings under Section 15-I(3) of the SEBI Act against India Ratings and Research Pvt Ltd and enhance the penalty on the rating agency for violating norms in...

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Amendments to India's bank resolution framework are credit positive, according to Moody's Investors Service.   The amended resolution process was credit positive as it helped preserve depositor confidence and avoid deposit flight from a weak bank as the risk of moratorium was reduced,...

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The Securities and Exchange Board of India (SEBI) on Wednesday extended the deadline for regulatory filing and compliances for investment vehicles - REITs and InvITs -- for the period ended 31 March 2020 by another month over and above the extension given in March.   The temporary...

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Moneylife Digital Team 01 July 2020
The Reserve Bank of India’s (RBI) draft framework on the sale of loan exposures could lay the foundation of an efficient secondary market for loans, improve transparency and ensure proper credit risk pricing, says India Ratings and Research (Ind-Ra).   In a note, the ratings agency...

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Failure of the Punjab and Maharashtra Cooperative (PMC) Bank triggered the Union government into taking action, which resulted in amending the Banking Regulation Act 1949, bringing the cooperative banks within the direct regulatory ambit of the Reserve Bank of India (RBI), putting a full stop...

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The Securities and Exchange Board of India (SEBI) on Thursday announced provision of an additional option to the pricing methodology for preferential issuance.   The SEBI Board took the decision to provide temporary relief to companies amid the pandemic.    The said option in...

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After remaining in a denial and refusing to share any information about telemarketers over the years, finally, the Telecom Regulatory Authority of India (TRAI) has put out a list that contains names of registered entities and SMS headers used for sending commercial communication or...

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Moneylife Digital Team 24 June 2020
Taking cognizance of harassment being suffered by customers from digital or app-based lending platforms, the Reserve Bank of India (RBI) has warned banks and non-banking finance companies (NBFCs) that as lenders they cannot diminish their obligations, as the onus of compliance with regulatory...

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Moneylife Digital Team 24 June 2020
All urban cooperative and multi-state co-op banks would be brough under the supervision of Reserve Bank of India (RBI) and the central government would issue an ordinance for this, says Prakash Javdekar, union minister for environment, forest & climate change; information & broadcasting and...

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The Ministry of Corporate Affairs (MCA) has extended the deadline for registration of independent directors on its online databank till 30th September. The previous deadline was 30th June.   Referring to the extension of the timeline, a gazette notification said: "In the Companies...

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Moneylife Digital Team 23 June 2020
The identification of sensitive posts and action to prevent corruption under provisions of the central vigilance commission ought to be central to the working of any regulator. Astonishingly enough, this key decision isn’t for a regulator. The Insurance Regulatory and Development Authority of...

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Moneylife Digital Team 23 June 2020
To help stressed companies raise capital while also protecting shareholders' interests, market regulator Securities and Exchange Board of India (SEBI) has relaxed pricing methodology for preferential issues by listed companies having stressed assets and has exempted allottees of preferential...

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Moneylife Digital Team 22 June 2020
A committee appointed by the Reserve Bank of India (RBI), headed by chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on...

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Stock market regulator, Securities and Exchange Board of India (SEBI) has amended the takeover norms to allow promoters to increase their stake by up to 10 per cent through a preferential allotment.   The move will give a boost to promoters wanting to increase their stake and enhance...

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A strong financial sector is the foundation on which India’s emergence as a global player would rest. In due recognition of that, the very comprehensive "Discussion Paper on Governance in Banks" comes from the Reserve Bank of India (RBI) is a formidable effort to set the house in order and...

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