REGULATIONS


Moneylife Digital Team 20 July 2022
The Central Board of Direct Taxes (CBDT) has allowed the principal chief commissioner of income tax (CCIT) and CCIT to admit applications for condonation of delay of beyond 365 days up to three years in filing forms 9A, 10 and 10BB from the assessment year 2019 onwards. In January 2020, the...

Read More



Moneylife Digital Team 18 July 2022
Indian Banks' Association (IBA) is an unincorporated, independent association of its members, not engaged in any business for the sole purpose of profit and gain, which works as per the mandate given by its members, the Union government says.    "Further, IBA has informed that, as per...

Read More

Full Edition
Moneylife Online Magazine
Lead Article
REGULATIONS
Sucheta Dalal , 14-August-2022
It is over two weeks since Zee Business channel’s investigative report...

Read More



Moneylife Digital Team 18 July 2022
The Securities and Exchange Board of India (SEBI) has complained about a cyber security incident on its email system. However, the capital markets regulator added that no sensitive data was stolen. SEBI has filed a first information report (FIR) against unknown persons.   The market...

Read More



Moneylife Digital Team 17 July 2022
Market regulator Securities and Exchange Board of India (SEBI) has approved the appointment of Ashish Kumar Chauhan as managing director and chief executive officer (MD&CEO) of the National Stock Exchange (NSE). He replaces Vikram Limaye, whose term at NSE ended on 16th July. At present, Mr...

Read More



This week, an intriguing report by the news agency PTI said that, in view of the ‘recent losses sustained by investors’ in initial public offerings (IPOs) and derivatives transactions, the market watchdog was planning a ‘worldwide first’ to assist investors by releasing monthly 'risk factor...

Read More



Dhanlaxmi Bank Ltd (DBL), the Thrissur (Kerala)-based private sector bank, is once again in the limelight although for the wrong reasons. In 2020, it was a conflict between the board appointed managing director (MD) & chief executive officer (CEO) and the shareholders, leading to his...

Read More



Moneylife Digital Team 15 July 2022
The Union ministry of information and broadcasting (MIB) has started a process to amend the Registration of Press and Periodicals Bill to include 'news on digital media through any electronic device' in its ambit. According to the proposed amendment, digital news publishers must apply for...

Read More



The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it has not taken any decision on disclosing the commission paid to insurance intermediaries on the policy document.   In a statement, IRDAI clarified that it has not taken any decision on this...

Read More



Amid the heightened uncertainties around cryptocurrencies, the Internet and Mobile Association of India (IAMAI) on Thursday announced to dissolve the Blockchain and Crypto Assets Council (BACC).   The association created and nurtured BACC for four years.   The IAMAI said that...

Read More



A sprawling regulatory probe that has ensnared the Indian partner of Schroders Plc is roiling one of the nation's largest asset managers and is poised to shake up India's US$465bn (billion) mutual fund (MF) industry, Bloomberg reported.   Axis Asset Management Co, which is India's...

Read More



Moneylife Digital Team 12 July 2022
The Securities and Exchange Board of India (SEBI) is considering bringing mutual fund (MF) units under the purview of insider trading regulations..    Insider trading generally  refers to buying or selling a stock or any financial assets on the basis of material, non-public...

Read More



Moneylife Digital Team 12 July 2022
The Reserve Bank of India (RBI) has imposed a penalty of Rs1,67,80,000 on Ola Financial Services Private Limited for non-compliance with KYC norms. The fine was also imposed since the company breached certain norms laid out in connection with prepaid payment instruments or PPIs. The banking...

Read More



The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment and settlement of exports/imports in Indian rupees.   According to RBI, the authorised dealer banks should get the prior approval from its foreign exchange department.   The...

Read More



Last week, the Securities and Exchange Board of India (SEBI) took a step towards closing the divergence between its rules and those of the Reserve Bank of India (RBI) on ‘support structures’ by way of personal guarantees, letters of comfort (LoCs) and letters of undertaking, which allow...

Read More



Debashis Basu Debashis Basu 08 July 2022
A few days ago, online food delivery platform Zomato acquired quick-commerce grocery delivery platform Blinkit (earlier Grofers) for Rs4,447 crore (about US$568mn—million), in an all-stock deal. The deal has raised many eyebrows. For one, Zomato has just about Rs1,250 crore on its balance...

Read More



Moneylife Digital Team 08 July 2022
The National Stock Exchange (NSE) has once again issued a circular asking its broker members to desist from trading or acting as a conduit or intermediary for financing any secondary market transaction entered by their clients, directly or indirectly. NSE has been issuing similar circulars...

Read More



Moneylife Digital Team 07 July 2022
The enforcement directorate (ED) on Thursday revealed that VIVO Mobiles India Pvt Ltd received vast amounts from its 23 associated companies and remitted Rs62,476 crore, or 50% of its sale proceeds out of India, mainly to China to avoid taxes in India. During its search of VIVO Mobiles and...

Read More



Moneylife Digital Team 07 July 2022
The Securities and Exchange Board of India (SEBI) has asked the public to guard against unauthorised attempts by unscrupulous individuals trying to cheat public by holding out as officials of recovery and refund department of SEBI .    While cautioning investors, the market regulator...

Read More



Moneylife Digital Team 07 July 2022
The Securities and Exchange Board of India (SEBI) asked qualified registrars to issue and share transfer agents (QRTAs) and know-your-customer (KYC) registration agencies (KRAs) to report all cyber attacks, threats and breaches experienced by them within six hours of detecting such...

Read More



Moneylife Digital Team 07 July 2022
Market regulator Securities and Exchange Board of India (SEBI) has barred Profit Redefine Financial Solution (PRFS) and its proprietor Sanjay Yadav from the market for acting as investment advisors and providing unauthorised trading tips and stock recommendations to investors. Besides, they...

Read More

Free Helpline
Legal Credit
Feedback