REGULATIONS


IANS 07 December 2022
The Supreme Court on Tuesday, while hearing petitions challenging the Centre's demonetisation move in 2016, said that it cannot fold its hands and sit because it is an economic policy.   Senior advocate Jaideep Gupta, representing the Reserve Bank of India (RBI), submitted before a...

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IANS 07 December 2022
Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre (IFSC), Gujarat, said RBI Governor Shaktikanta Das on Wednesday.   Announcing the Monetary Policy Committee's (MPC) decision to...

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Moneylife Digital Team 07 December 2022
In one more case of illegal investment advisory, the Securities and Exchange Board of India (SEBI) asked Bhopal-based Loftier Investment Advisor and Research Pvt Ltd to refund, within three months, Rs2.07 crore it collected from investors under the pretext of providing good and assured...

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Moneylife Digital Team 06 December 2022
The Supreme Court rejected an appeal filed by Tata Steel Ltd, seeking clearance from all liabilities related to the erstwhile Bhushan Steel Ltd, which it had acquired for Rs35,200 crore through the corporate insolvency resolution process in 2018, says a report. The company had challenged...

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IANS 06 December 2022
Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats and Postmates food delivery apps without consent along with charging excess commission fees.   More than 2,500 Chicago...

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TruthInAdvertising.org 06 December 2022
Before its much publicized collapse, FTX was the Tom Brady of cryptocurrency exchanges, widely regarded as one of “the most nimble and best-run crypto companies,” the New York Times reported in early November.   It helped that the crypto exchange had the six-time Super Bowl champion...

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IANS 05 December 2022
Differences have emerged between the key stakeholders, i.e., lenders and process advisers of Reliance Capital over the resolution plan options. The COC is meeting Tuesday to resolve these differences.   With the binding bids coming in at an abysmally low value, the advisers and...

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IANS 05 December 2022
In what could be a major step towards reforming the Reserve Bank of India (RBI), a report prepared by the Parliamentary standing committee on Finance is learnt to have suggested a six-year term for the central bank governor and increasing the number of deputy governors from four to...

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Moneylife Digital Team 05 December 2022
Pulling up banks for ceding the unified payment interface (UPI) space to an extent where most of the business is with non-banks, T Rabi Sankar, deputy governor of Reserve Bank of India (RBI), warned banks that disruption in a small area of their business could be quickly...

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Moneylife Digital Team 05 December 2022
Coming down heavily on an Indore-based proprietor of an unregistered investment advisory firm for cheating investors by making false promises of exponential returns, the Securities and Exchange Board of India (SEBI), has barred him from markets for four years. SEBI also asked Ashish...

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Dr Shilpi Bhattacharya (The Leaflet) 05 December 2022
The recent order of the Competition Commission of India (CCI) finding that MakeMyTrip-Goibibo (MMT) had abused its dominant position and entered into an anticompetitive vertical agreement with Oravel Stays Private Limited (OYO) may well be the right decision, but the CCI’s reasoning has...

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Moneylife Digital Team 03 December 2022
Pointing out an error by an appellate authority, the National Company Law Appellate Tribunal (NCLAT) says that the consortium of four participating banks, including IDBI Bank Ltd, bound themselves while considering their effect in the adjudication of Section 7 (of Insolvency and Bankruptcy...

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Moneylife Digital Team 03 December 2022
In an important move, market regulator Securities and Exchange Board of India (SEBI) has directed mutual funds (MFs) to act against dubious Telegram or social media groups posing as asset managers or associates created to con investors. The capital markets regulator said in a communication to...

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Moneylife Digital Team 03 December 2022
While rejecting applications filed by Anand Rathi Commodities Ltd and Motilal Oswal Commodities Broker Pvt Ltd, market regulator Securities and Exchange Board of India (SEBI) has restrained the brokerage from filing fresh applications seeking registration as a commodity broker.    In...

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Moneylife Digital Team 02 December 2022
Coming down heavily on a proprietor of a registered investment advisory firm, Securities and Exchange Board of India (SEBI), has barred him from markets for five years, while imposing a penalty of Rs35 lakh. SEBI also asked Tarun Chandani, proprietor Indore-based Flanking Research and...

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Moneylife Digital Team 01 December 2022
The Insolvency and Bankruptcy Board of India (IBBI) imposed a penalty of Rs2 lakh to Rs5 lakh for non-compliance and warned six insolvency professionals (IP) to strictly follow the procedure and guidelines of Insolvency and Bankruptcy Code (IBC/Code) in corporate insolvency resolution process...

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Moneylife Digital Team 01 December 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked Fingravy Wealth Creation Services Pvt Ltd and five others to refund the money, within three months, which they collected from investors for providing unregistered investment advisory services through a website. The...

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IANS 01 December 2022
Scrapping of the statutory Rs100 crore startup capital for life and general insurance business and Rs200 crore for reinsurance business, allowing different kinds of insurers including captives, changing the investment provisions are some of the major amendments proposed by the Indian...

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Moneylife Digital Team 01 December 2022
Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs50 lakh on CapitalVia Global Research Ltd and its directors—Kiran Ravindra Kumar Choudhary, Rohit Gadia and Prem Prakash. The penalty has to be paid jointly and severally. The order copy remains strangely...

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IANS 30 November 2022
Pursuant to the Delhi High Court judgment of August 30 that courts in India can direct a messaging app to disclose the information of infringers, Telegram -- an instant messaging application -- has finally handed over the copies to the court.   The said data, which is in the form of a...

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