REGULATIONS


Moneylife Digital Team 04 September 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Adroit Commodities Services Pvt Ltd, for three months for facilitating the sale of paired contracts on the now-defunct National Spot Exchange (NSEL).   In an order, Babitha...

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In the past few days, thousands of angry traders have been spewing vitriol about several high-profile trainers who, it is alleged, have consistently made false claims about their trading prowess to lure gullible investors into buying their online trading courses or open brokerage accounts...

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Last weekend, the market regulator Securities & Exchange Board of India (SEBI), released two short discussion papers that aim to curb the malpractices of financial influencers or finfluencers. As SEBI defines them, finfluencers are “usually unregistered entities providing catchy content,...

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Moneylife Digital Team 01 September 2023
A non-profit global network of investigative journalists, Organised Crime and Corruption Reporting Project (OCCRP), says in an article crores of rupees were invested in listed stocks of India's Adani group via 'opaque' funds from Mauritius that 'obscured' the involvement of alleged business...

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On 30th August, when the government announced a Rs200 reduction in the price of cooking gas cylinders, it was expected that oil marketing companies would take a hit. Predictably, the market prices of public sector undertakings (PSUs) took some hit. Normally, a listed company impacted by such...

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Moneylife Digital Team 01 September 2023
As the Covid-19 pandemic swept across India, the Anil Agarwal-led mining and oil company Vedanta Resources Ltd quietly lobbied the Union government to dilute environmental safeguards regulating the oil and mining industries, says a report from Organised Crime and Corruption Reporting Project...

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Moneylife Digital Team 01 September 2023
The market regulator Securities and Exchange Board of India (SEBI), which has been firing one discussion paper a week, has now proposed the creation of a performance validation agency (PVA) to validate any claims of performance by registered intermediaries. This, hopes SEBI, would “facilitate...

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Moneylife Digital Team 01 September 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Karvy Comtrade Ltd for three months for facilitating the sale of paired contracts on the now-defunct National Spot Exchange (NSEL).   In an order, GP Garg, executive...

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Moneylife Digital Team 01 September 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of Alpha Commodity Pvt Ltd for dealing in or facilitating paired contracts on the National Spot Exchange Ltd (NSEL) platform.   In an order, Ananth Narayan G, whole time member (WTM) of SEBI,...

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Moneylife Digital Team 31 August 2023
Recent data from the Insolvency and Bankruptcy Board of India (IBBI) June 2023 newsletter indicates that the average time taken for a corporate insolvency resolution process (CIRP) yielding through resolution or liquidation is at a three-year high for all stakeholders. The share of ongoing...

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Moneylife Digital Team 30 August 2023
While refusing to give any interim relief to Punit Goenka, chief executive officer (CEO) of Zee Entertainment Enterprises Ltd (ZEEL), against an order issued by Securities and Exchange Board of India (SEBI), the securities appellate tribunal (SAT) says the market regulator cannot keep going...

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Moneylife Digital Team 30 August 2023
The Supreme Court has postponed the hearing in the Adani-Hindenburg case as the constitution bench led by chief justice DY Chandrachud decided to continue hearing a clutch of petitions challenging the 2019 Presidential order taking away the special status accorded to the erstwhile state of...

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IANS 30 August 2023
SEBI has issued guidelines for strengthening the existing cyber security and cyber resilience framework of market infrastructure institutions such as stock exchanges, clearing corporations and depositories.   "Market infrastructure institutions (i.e., stock exchanges, clearing...

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Anushka Iyer  and   Shantanu Mukherjee 29 August 2023
With the development of technology at an unprecedented rate, the Digital Personal Data Protection Act (DPDPA) marks a necessary advancement in technology and data privacy laws in India. However, the DPDPA is lean, covering only the substantive requirements, with significant details e.g.,...

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Moneylife Digital Team 29 August 2023
Following the cancellation of a no objection certificate (NOC) by the Bombay High Court (HC), the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the freezing of the bank account of Parekh Constructions LLP.    While restricting further sales or creation of any...

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IANS 29 August 2023
The Bombay High Court has pulled up the officials of the Ministry of Finance (MoF) and the Central GST for not diligently discharging their duties and playing with public revenues.   The observations were made by a division bench of Justice G.S. Kulkarni and Justice Jitendra Jain in a...

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Moneylife Digital Team 29 August 2023
While imposing a penalty of Rs1 lakh for false and misleading advertisements, the Central Consumer Protection Authority (CCPA) directed IQRA IAS Institute to discontinue bogus testimonials and misleading claims from their website immediately.   IQRA IAS Institute, set up in 2018, was...

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IANS 29 August 2023
The National Company Law Appellate Tribunal (NCLAT) on Monday gave more time to the winning bidder Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the bankrupt Jet Airways, which stopped flying in April 2019 and underwent an insolvency resolution process.   The tribunal...

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Moneylife Digital Team 29 August 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Shikago Trade Pvt Ltd for three months for facilitating the sale of paired contracts on the now defunct National Spot Exchange (NSEL).   In an order, GP Garg, executive...

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IANS 28 August 2023
Brightcom Group has announced the resignations of Suresh Reddy, who was serving as the Chairman & Managing Director (CMD) of the company, and Narayana Raju, who held the position of Chief Financial Officer (CFO) in the company.   The resignations came after the SEBI order, which...

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