REGULATIONS


IANS 13 December 2019
Paving the way for setting up an authority to develop and regulate the financial services market in the international financial services centres (IFSCs), the Rajya Sabha on Thursday passed the International Financial Services Centres Authority Bill.   The proposed authority will...

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Moneylife Digital Team 11 December 2019
Market regulator SEBI has clarified that it considers only complaints that have verifiable or substantiated facts, even if it is anonymous.   In a statement, SEBI says, "SEBI may not be able to handle complaints which are anonymous and not specific or substantiated or verifiable. Any...

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Moneylife Digital Team 10 December 2019
Investment in India through offshore derivative instruments (ODIs), also known a participatory notes (P-Notes) is again rising and during first seven months of FY2020, it is nearing total investment received in FY2019.   However, the government, sharing past three year's data, says...

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Megha Saraf 07 December 2019
Ever since the release of the list of disqualified directors by the registrars all over the country and in the absence of any legal remedy in the Act against the same, aggrieved persons had opted for writ petitions. Such cases are still in being examined in some courts. The first phase of...

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Moneylife Digital Team 05 December 2019
Regulator Securities and Exchange Board of India’s (SEBI) has barred three persons from the capital markets for indulging in “front running” activities in the matter relating to several funds of Fidelity Group.    SEBI has also directed the three persons - Vaibhav Dhadda (aka Avi...

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Moneylife Digital Team 05 December 2019
The Reserve Bank of India (RBI) on Thursday kept unchanged its repo rate (short-term lending) at 5.15% in its fifth bi-monthly monetary policy review for 2019-20. While the monetary policy committee (MPC) recognised that there is monetary policy space for future action, however, given the...

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Moneylife Digital Team 04 December 2019
The Insurance Regulatory and Development Authority of India (IRDAI), after spending over Rs22 lakh, has cancelled its recruitment drive due to reasons like wrong criteria for experience, age and re-allocation of unfilled vacancies, among others. However, despite undertaking the exercise and...

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Moneylife Digital Team 04 December 2019
Strange as it may sound, the Telecom Regulatory Authority of India (TRAI) does not know if telecom services-providers are enforcing tariffs for unsolicited data package along with voice service on subscribers.    Ravi Shankar Prasad, minister of communications, law & justice and...

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On Monday, 2nd December, the market regulator, Securities and Exchange Board of India (SEBI) asked NSDL (National Stock Depository Ltd) to transfer investors’ shares that were pledged by Karvy Stock Brokers Limited (KSBL), back to their respective depository (demat) accounts. This is an...

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Moneylife Digital Team 03 December 2019
The Securities Appellate Tribunal (SAT) has reportedly asked Karvy Stock Broking Ltd or Karvy to approach National Stock Exchange (NSE)'s disciplinary committee on revoking the trading suspension. Separately, the Tribunal also asked the Securities and Exchange Board of India (SEBI) to hear...

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IANS 29 November 2019
The RBI on Friday filed an application in the National Company Law Tribunal's Mumbai bench for initiation of corporate insolvency resolution process against the cash-strapped Dewan Housing Finance Corporation Ltd (DHFL).   There would be a debt moratorium on DHFL as long as the...

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IANS 27 November 2019
The reports of Karvy Broking's possible default has sent jitters across the investor and banking community, following the market regulator Sebi barring it from taking on new clients over alleged misuse of clients' securities.   This comes after defaults of several brokerage firms like...

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IANS 27 November 2019
The Securities and Exchange Board of India (Sebi) has told fraud-hit CG Power to provide its accused former Chairman Gautam Thapar and others with the information and e-mails they sought from the company.   According to sources, the market regulator has directed the company to provide...

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IANS 26 November 2019
The Reserve Bank of India (RBI) on Tuesday penalised three cooperative banks—Nesargi Urban Co-operative Bank Limited, Krishna Pattana Sahakar Bank Niyamitha and Ron Taluka Primary Teachers' Cooperative Credit Bank Limited—for non-submission of returns under Section 27 (2) of the Banking...

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Moneylife Digital Team 22 November 2019
Market regulator Securities and Exchange Board of India (SEBI) on Friday prohibited Karvy Stock Broking Ltd (KSBL) from taking new clients due to alleged misuse of clients' securities. SEBI's ex-parte interim order came after National Stock Exchnge (NSE) forwarded a preliminary report to the...

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The Rajya Sabha was informed on the 19th November  by the  minister of state for finance that as on 30 September 2019, the Enforcement Directorate  (ED) was conducting investigations in 963 cases under the Prevention of Money Laundering Act, 2002 (PMLA)  and 7,393 cases under the Foreign...

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Moneylife Digital Team 22 November 2019
The Reserve Bank of India (RBI) on Friday constituted a three-member advisory committee to assist the administrator of Dewan Housing Finance Corporation Ltd (DHFL). The members on the advisory panel are Dr Rajiv Lall, non-executive chairman of IDFC First Bank Ltd, NS Kannan, managing director...

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Moneylife Digital Team 20 November 2019
Tightening its disclosure norms, market regulator Securities and Exchange Board of India (SEBI) has asked listed companies to report within 24 hours the payment delays beyond 30 days. The market regulator also decided to increase networth and minimum investment requirement for portfolio...

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Moneylife Digital Team 20 November 2019
The Reserve Bank of India (RBI) has virtually admitted that it was 'cheated' by the management of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank.   Especially, RBI says PMC Bank had submitted fraudulently manipulated data to the central bank for sample checks, but the sample...

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IANS 19 November 2019
The Supreme Court on Monday stayed a direction in the order of Securities Appellate Tribunal (SAT), which stopped market watchdog Sebi, from barring the auditors from auditing listed companies.   In January 2018, the Securities and Exchange Board of India slapped a two-year ban on...

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