REGULATIONS


Moneylife Digital Team 21 January 2025
Taking note of the LocalCircles’ escalation last week on the challenges consumers in India face with online returns, refunds and counterfeit goods and released standards for e-commerce transactions, the Union government has released draft standards for public consultation covering key...

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Moneylife Digital Team 21 January 2025
Market Regulator Securities and Exchange Board of India (SEBI) proposed extending the cut-off time for redeeming units in overnight mutual fund (MF) schemes to 7pm from the current 3pm to facilitate operational efficiency for stock brokers (SBs) and clearing members (CMs) managing client...

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Moneylife Digital Team 21 January 2025
Modifying its guidelines on the settlement of dues of borrowers by asset reconstruction companies (ARCs), the Reserve Bank of India (RBI) says ARCs should use the settlement option only after examining all possible ways to recover dues.    RBI revised its guidelines and the amended paragraph...

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Moneylife Digital Team 20 January 2025
In a move to enhance transparency and facilitate better decision-making for investors, the Securities and Exchange Board of India (SEBI) has directed asset management companies (AMCs) to disclose the information ratio (IR) of their equity-oriented mutual funds (MF) schemes.    The IR is a...

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Moneylife Digital Team 20 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs1.75 lakh on Mukkuperi Cooperative Urban Bank Ltd from Tamil Nadu for non-compliance with specific directions issued by RBI under the supervisory action framework (SAF), on loans and advances to directors, their relatives and firms or...

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Moneylife Digital Team 20 January 2025
Securities and Exchange Board of India (SEBI) has imposed a one-year ban on Tapas Das, proprietor of Thousand Keys, for providing illegal investment advisory services. SEBI has ordered Mr Das to refund Rs71.38 lakh, which he received from complainants and clients as fees for his unregistered...

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Moneylife Digital Team 17 January 2025
Seven former directors of One97 Communications Ltd (Paytm) and a former compliance officer and company secretary paid over Rs3.75 crore to settle a case of regulatory violations with market regulator Securities and Exchange Board of India (SEBI).    Those who paid the settlement amount...

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Moneylife Digital Team 17 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh on Parbhani District Central Cooperative Bank (DCC) Ltd from Maharashtra for contravention of provisions of Section 20 and Section 26A of the Banking Regulation Act (BR Act).   The statutory inspection of Parbhani DCC Bank was...

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Moneylife Digital Team 17 January 2025
As many as 10 entities including four expert guests on Zee Business channel agreed to pay Rs5.96 crore and voluntary debarment of six months to settle a case involving trading based on non-public information (NPI) with market regulator Securities and Exchange Board of India (SEBI).    Zee...

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Moneylife Digital Team 16 January 2025
Exposing a modus operandi of Pacheli Industrial Finance Ltd to boost its market-capitalisation to over Rs4,000 crore from Rs40 crore in just eight months, market regulator Securities and Exchange Board of India (SEBI) has ordered a detailed investigation, while barring the company and six other...

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Moneylife Digital Team 16 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs17 lakh on Parag Salot, a registered research analyst (RA), for multiple regulatory violations, including mandatory annual audits for eight financial years.    In an order, Asha Shetty, adjudicating...

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Moneylife Digital Team 15 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has proposed mandating listed companies to issue securities only in demat form following a stock split, consolidation of face value of shares and merger or demerger. This will encourage demat holding of securities, the market...

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Moneylife Digital Team 15 January 2025
A few days ahead of Donald Trump's inauguration as the 47th US president, the Securities and Exchange Commission (SEC) has filed a lawsuit against billionaire Elon Musk over an alleged securities violation relating to his acquisition of Twitter (now called X) in 2022. According to the SEC, Mr...

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Moneylife Digital Team 15 January 2025
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) based in West Bengal, citing supervisory concerns.   The companies affected by this action include East India Leasing Company Ltd, Kakrania Trading Pvt Ltd,...

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Moneylife Digital Team 14 January 2025
As many as seven non-banking financial companies (NBFCs) have surrendered their certificates of registration (CoR) to the Reserve Bank of India (RBI). Of these, four have chosen to exit the NBFC business entirely. According to RBI, two NBFCs ceased operations due to corporate actions such as...

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Moneylife Digital Team 14 January 2025
Reserve Bank of India (RBI) has imposed penalties of Rs3.75 lakh on five cooperative banks from Tamil Nadu for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Kamaraj Cooperative Town Bank Ltd.   The other cooperative...

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Moneylife Digital Team 14 January 2025
In cases where the sale deed requires registration, ownership does not pass until the deed is registered, even if possession is transferred and consideration is paid without the registration, reiterated the Supreme Court. Further, it held that a public auction cannot be set aside until there is...

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Moneylife Digital Team 14 January 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed increasing the investment threshold set for granular disclosures about investors by foreign portfolio investors (FPIs) holding any ownership or economic interest to Rs50,000 crore from Rs25,000 crore.    Currently, some...

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Mohsin Dar (Bar  and   Bench) 13 January 2025
The Supreme Court recently dismissed a public interest litigation (PIL) petition alleging that the Reserve Bank of India (RBI) exchanged currency notes worth Rs30 crore that were defaced by a Kashmiri separatist group in 2013 (Satish Bhardwaj V/s Union of India).   A Bench comprising Justices...

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Moneylife Digital Team 13 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has outlined a procedure for seeking a waiver or reduction of interest in recovery proceedings initiated due to non-payment of penalties.     As per SEBI’s guidelines, applicants must submit their requests for waiver or reduction...

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