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SEBI Slaps Rs 1 Crore Fine On Rana Kapoor For Disclosure Lapses

Posted under Legal, Regulatory, by Kiran / 8 hours ago

Markets regulator Sebi imposed a penalty of Rs 1 crore on Rana Kapoor, former MD and CEO of Yes Bank, for not making disclosures about Morgan Credit's transaction. By not disclosing about the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order.

Read more at The Money Control

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Investment Advisers Can Charge Fee Up to ₹1.25 Lakh, Says SEBI

Posted under Legal, Regulatory, by Kiran / 9 hours ago

The Securities and Exchange Board of India capped the advisory fees charged by registered investment advisers (RIAs) at 2.5% of assets under advice, or ₹1,25,000 if they charge a flat fee. Advisers with over 150 clients must corporatize their practice, or stop signing up new clients, under Sebi’s final guidelines on RIAs —first proposed in January and finetuned in July.

Read more at Live Mint

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Quit From Here, Then Join, SEBI Tells 350 Officers Seeking IFSCA Deputation

Posted under Legal, Regulatory, by Kiran / 9 hours ago

The Securities and Exchange Board of India (SEBI) has rejected at least 350 applications of its officials, seeking to join newly-formed unified authority International Financial Services Centres Authority (IFSCA), which regulates government's ambitious pet project GIFT city institutions. The authority is being set up to regulate the country’s first international financial services centres catering to customers outside the jurisdiction of the domestic economy.

Read more at Business Standard

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Maharashtra Not To Implement Farm Bills Without Legal Review: Ajit Pawar

Posted under Legal, Regulatory, Top Stories, by Sonal / 17 hours ago

Deputy CM Ajit Pawar said the recently passed farm bills would not be implemented in Maharashtra without a legal review. “We stand by the farmers and their demands. We will not implement anything that is not in their interest. The NCP opposes the bill and we will discuss it with Congress and Shiv Sena, the two allies in the Maha Vikas Aghadi government,” he told.

Read more at Times of India

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NGT notice on OIL projects in Tinsukia district

Posted under Regulatory, Legal, by Kiran / 17 hours ago

The NGT order was passed by a bench comprising Justice S.P. Wangdi and expert member Nagin Nanda on Thursday. The petition said cumulative impact assessment was not carried out even though the proposed project is located close to several other existing projects of oil and gas as well as hydrocarbon exploration and the “entire landscape is rich in biodiversity and is highly ecologically sensitive”, among others.

Read more at Telegraph

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