REGULATIONS


Moneylife Digital Team 17 August 2023
The Bombay High Court (HC) cancelled a no objection certificate (NOC) of Parekh Constructions LLP for defaulting on the payment of transit rent to residents of the demolished building which the builder is redeveloping. The HC has also directed Maharashtra Housing and Area Development...

Read More



Moneylife Digital Team 16 August 2023
While promising to complete its investigation into Zee Entertainment Enterprises (ZEEL), market regulator Securities and Exchange Board of India (SEBI) barred Subhash Chandra and his son Punit Goenka, founder and promoters of the ZEE group, from holding any directorship or key managerial...

Read More



Moneylife Digital Team 16 August 2023
Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks citing the violation of different laws prescribed by the regulator. Of these, two banks are from West Bengal, while others belong to Gujarat and Aska. RBI has levied a fine of Rs5 lakh, the highest among the...

Read More



Moneylife Digital Team 16 August 2023
The Union government has appointed Kamlesh Varshney and Amarjeet Singh as whole-time members of the market regulator Securities and Exchange Board of India (SEBI) for the next three years.    Currently, Mr Varshney, a senior officer from the Indian Revenue Services (IRS) cadre, is...

Read More



Moneylife Digital Team 16 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Yashwi Commodities Pvt Ltd for three months for facilitating the sale of paired contracts on the now-defunct National Spot Exchange Ltd (NSEL).   In an order, Babitha...

Read More



Moneylife Digital Team 14 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has approached the Supreme Court seeking 15 more days for filing its investigation report on the Adani-Hindenburg issue, including alleged stock market manipulation in the scrips of Adani group companies.    In an...

Read More



On 3rd August, the securities appellate tribunal (SAT) issued an interesting order which, finally, nails down what thousands of investors have suspected and complained about—that the market regulator deals with complaints to its grievance redress system like a post-office. It merely forwards...

Read More



Moneylife Digital Team 11 August 2023
As many as 10 non-banking financial companies (NBFC) have surrendered their certificate of registration (CoR) to Reserve Bank of India (RBI). Eight NBFCs surrendered their CoR following a decision to exit from the NBFC business, while two ceased operations following corporate actions such as...

Read More



Moneylife Digital Team 11 August 2023
Reserve Bank of India (RBI) has imposed a monetary penalty of Rs6 lakh on four cooperative banks, Mangal Cooperative Bank Ltd, The Mahabaleshwar Urban Cooperative Bank Ltd, The Islampur Urban Cooperative Bank Ltd and The Tapindu Urban Cooperative Bank Ltd, for violating different laws...

Read More



Moneylife Digital Team 10 August 2023
Reserve Bank of India (RBI) has decided to put in place a proper conduct framework to be implemented by all regulated entities (REs) to address issues faced by the borrowers, especially about interest rate reset on equated monthly instalments (EMI) for floating interest loans. Moneylife...

Read More



Moneylife Digital Team 10 August 2023
Market regulator Securities and Exchange Board of India (SEBI), in a clarification, says 96.7% of the Rs73,287.1 crore outstanding to be recovered from the difficult to recover (DTR) category are pending before the courts and law tribunals. All these cases are old cases pertaining to...

Read More



Moneylife Digital Team 10 August 2023
While dismissing several orders passed by the Securities and Exchange Board of India (SEBI) in the National Stock Exchange (NSE) colocation matter, the securities appellate tribunal (SAT) has asked the regulator to refund Rs72.58 crore with interest deposited by NSE, Way2wealth Brokers Pvt...

Read More



IANS 10 August 2023
The Reliance Asset Reconstruction Company (RARC), a subsidiary of Reliance Capital Ltd., has challenged the Reserve Bank of India's Master Circular on the Swiss Challenge Mechanism as being discriminatory, unjust and arbitrary.   Reliance Capital has recently been acquired by the...

Read More



Moneylife Digital Team 10 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of Padmakshi Commodities Pvt Ltd and Pinnacle Brocom Pvt Ltd for their involvement in illegal paired contracts of the now-defunct National Spot Exchange Ltd (NSEL).   According...

Read More



Moneylife Digital Team 09 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Indore-based Indo Thai Commodities Pvt Ltd for three months for facilitating the sale of paired contracts on the now-defunct National Spot Exchange (NSEL).   In an order, GP...

Read More



IANS 08 August 2023
Similar to the provision in the Income-tax (I-T) Act on 'unexplained credits', markets regulator the Securities and Exchange Board of India (SEBI), would seek to consider provisions for 'unexplained suspicious trading patterns'.   SEBI, while dealing with the matters related to...

Read More



IANS 08 August 2023
Markets regulator SEBI (the Securities and Exchange Board of India) plans to facilitate transparency around the conglomerate by enhancing the group-level reporting of transactions.   Disclosure of details of cross holding and material financial transactions within the conglomerates is...

Read More



IANS 08 August 2023
The World Health Organization (WHO) said on Monday that contaminated common cold syrup found in Iraq last month was manufactured by an Indian pharmaceuticals company based in Maharashtra.   The contaminated batch was manufactured by Fourrts (India) Laboratories Pvt Ltd for Dabilife...

Read More



Moneylife Digital Team 08 August 2023
Reserve Bank of India (RBI) has imposed a monetary penalty of Rs4.20 lakh on four cooperative banks, including Vita Urban Cooperative Bank Ltd, Shri Vinayak Sahakari Bank Ltd, Shreeji Bhatia Cooperative Bank Ltd and Mizoram Urban Cooperative Development Bank Ltd, for violating different laws...

Read More



Moneylife Digital Team 08 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended for three months the certificate of registration of Rajkot-based Mavji Haribhai Commodities for facilitating the sale of paired contracts on the now-defunct National Spot Exchange (NSEL).   In an order,...

Read More

Free Helpline
Legal Credit
Feedback