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Moneylife Digital Team 18 December 2024
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of four non-banking financial companies (NBFCs), including two from Tamil Nadu and one each from Chhattisgarh and Uttar Pradesh (UP). RBI did not share reasons for cancelling the registration of these four...

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Ratna Singh (Bar  and   Bench) 10 January 2025
The Bombay High Court recently criticised the Indian Overseas Bank (IOB) for apathetically refusing to roll back a decision to transfer an employee to Chennai on promotion, even though the employee was willing to give up the promotion to take care of her disabled child in Mumbai.   A Bench of...

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Moneylife Digital Team 10 January 2025
Reserve Bank of India (RBI) has imposed penalties of Rs19.50 lakh on four cooperative Banks and a non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs17.50 lakh has been imposed on Janata Sahakari Bank Ltd from...

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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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Shirish Shanbhag 09 January 2025
Navigating the complexities of cooperative housing society (CHS/the Society) management often brings residents face-to-face with intricate issues, from maintenance charges to administrative missteps and disputes over rights. This week's column addresses three pressing concerns faced by the...

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Shirish Shanbhag 26 December 2024
Navigating the complexities of cooperative housing society (CHS/Society) management often requires a nuanced understanding of the rules, bye-laws, and processes that govern day-to-day operations and long-term planning. This week, we address some common yet challenging scenarios faced by CHS...

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Moneylife Digital Team 27 December 2024
The Securities and Exchange Board of India (SEBI) order about the affairs of Bharat Global Developers Ltd. (BGDL), a company listed on the Bombay Stock Exchange (BSE), paints a picture of a multi-faceted scheme involving preferential allotments, false corporate announcements and a meteoric rise...

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Young Indian Police Service (IPS) officer, Bhagyashree Navtake, who undertook a complex series of fraud investigations between 2020-2022, involving the Jalgaon-based Bhaichand Hirachand Raisoni Multi State Cooperative Credit Society Ltd (BHRC), following multiple complaints from its depositors,...

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At a time when the Securities and Exchange Board of India (SEBI) has itself come under a cloud, an ex-parte order, issued on 2nd January against Ketan Parekh (KP) and 21 associates, makes for fascinating reading.    SEBI’s meticulous investigation (read: Ketan Parekh, 21 Others Caught in...

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An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

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Moneylife Digital Team 02 January 2025
Coming down heavily on government authorities in regularising illegal constructions by condoning and ratifying the violations and illegalities, the Supreme Court (SC) ruled that all the necessary service connections, such as electricity, water supply and sewerage and loans, should be given by...

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Moneylife Digital Team 03 January 2025
Reliance Industries Ltd (RIL) recently completed a significant acquisition by purchasing a 74% equity stake in Navi Mumbai IIA Pvt Ltd (NMIIA), a company managing one of Maharashtra’s largest industrial land parcels. This acquisition, valued at Rs1,628.03 crore, marks a pivotal shift in the...

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Many of us missed this 22nd November report, where the securities appellate tribunal (SAT), once again, imposed a penalty of Rs1 lakh on the Securities & Exchange Board of India (SEBI) for passing a ‘mechanical order’ against Ms SRBC & Co. LLP (SRBC) a joint auditor of Infibeam Avenues Ltd...

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In the mid-1990s, when Indian corporates were struggling to handle an economic slowdown and high interest rates, I had developed a simple rule of thumb to filter high-quality companies: Does the company earn a significant part of its revenues from exports? The logic behind this was...

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Moneylife Digital Team 08 January 2025
Deven Sangoi, a seasoned asset management professional, and his sister, Meghana Gosar, have paid Rs91 lakh and agreed to a six-month debarment from markets to settle a case of front-running with market regulator Securities and Exchange Board of India (SEBI). Ms Gosar also agreed to disgorge...

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Moneylife Digital Team 20 December 2024
Shirish B Patel, a distinguished Indian civil engineer and urban planner, passed away in Mumbai on December 20, 2024, at the age of 92. His visionary work and unwavering commitment to sustainable urban development have left an indelible mark on Mumbai's landscape.   Born in 1932, Mr Patel's...

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KBS Sidhu 27 December 2024
Enron Rises from the Ashes: A Controversial Comeback   Enron is back! The same Enron that burned hotter than the sun and fell just as spectacularly in 2001, marking one of the most infamous corporate implosions in history. The energy titan’s reemergence has rekindled memories not just of...

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In early November, I wrote a piece suggesting that the Indian economy is functioning as expected: muddling along. It rarely falls into a full-blown recession, but it also struggles to achieve sustained acceleration. This observation was immediately illustrated when India’s gross domestic...

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If there is one area where the government and its regulators cannot be faulted, it is their tireless effort to warn citizens about cybercrime and fraud. All regulators, banks, stock exchanges, depositories, financial intermediaries and telecom companies are now mandated to warn people about...

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Moneylife Digital Team 20 December 2024
While cybercrime is evolving rapidly, with new scams, frauds and digital threats emerging every day, looking at their modus operandi and the involvement of criminal gangs, there is a need to use laws like the Maharashtra Control of Organised Crime Act (MCOCA) for cybercrime cases, says...

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