Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/let-promoter-clause-remain-for-better-accountability/article34560086.ece Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP The market regulator Securities and Exchange Board of India last week came
Category: Legal
Accept and regulate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/accept-and-regulate/article34559933.ece The Centre needs to quickly finalise its policy on cryptocurrency trading The delay by the Centre in formulating a policy regarding trading and
RBI tells lenders to reconsider ties with crypto exchanges, traders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-tells-lenders-to-re-consider-ties-with-crypto-exchanges-traders-121051300685_1.html The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the
‘Promoter’ vs ‘person in control’: How will Sebi’s new proposal play out? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/promoter-vs-person-in-control-how-will-sebi-s-new-proposal-play-out-121051301327_1.html The rationale behind replacing the concept of “promoter” with “person in control” is to absolve entities, which, in reality, don’t have any control
God’s own patience: Meet Padmakumar Madhavan Nair, MD & CEO of NARCL | Business Standard News
lipped from: https://www.business-standard.com/article/finance/god-s-own-patience-meet-padmakumar-madhavan-nair-md-ceo-of-narcl-121051301337_1.html His staying power was in evidence during the groundwork for the resolution of the debt owed by Anil Ambani-controlled Reliance Communication which involved
Auto-debit payment bounce rate increases again in April | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/second-covid-wave-auto-debit-payment-bounce-rate-increases-again-in-april-121051400052_1.html Experts say the rise may continue, given the lockdowns In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million
Officers’ unions appeal to CVC to put annual transfers in PSBs on hold due to the pandemic – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/officers-unions-appeal-to-cvc-to-put-annual-transfers-in-psbs-on-hold-due-to-the-pandemic/article34549501.ece It will be very difficult for officers to shift to new locations amidst the Covid situation, say Unions Mumbai, May 13 The Unions,
The financial condition of PMC Bank continues to be precarious: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-financial-condition-of-pmc-bank-continues-to-be-precarious-rbi/article34550106.ece Liquidity position not improving enough to allow enhancement of withdrawal limit The Reserve Bank of India said any generalisation for release of funds
GDR scam: SEBI lets Aptech off the hook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/gdr-scam-sebi-lets-aptech-off-the-hook/article34552194.ece Spares the company monetary penalty; says law cannot be applied retrospectively Market regulator SEBI had found Aptech Ltd guilty of fraud in the
For a robust data protection regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/for-a-robust-data-protection-regime/article34551998.ece While the law seeks to strike a balance between privacy and public good, it vests too much power in the govt The Personal
Cryptocurrency investors stuck as banks block transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency-investors-stuck-as-banks-block-transactions/article34552410.ece?homepage=true Banks have directed payment gateways not to process cryptocurrency-related transactions: Sources Cryptocurrency exchanges and investors are facing a new challenge with most banks
Bankruptcy: NCLT delays compounded by lack of new appointments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
Siva Industries: Creditors to scrap bankruptcy process of Siva Industries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
RBI set to put onus on lenders to monitor loan apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/rbi-set-to-put-onus-on-lenders-to-monitor-loan-apps/articleshow/82555506.cms Synopsis–The Reserve Bank of India’s working group on digital lending is all set to lay down strict governance and regulatory rules for loan
Cybersecurity will be the pressing ‘issue of this decade’, IBM’s Arvind Krishna says – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/information-tech/cybersecurity-will-be-the-pressing-issue-of-this-decade-ibms-arvind-krishna-says/articleshow/82552952.cms Synopsis–Value lies in the data and people are going to come after that data, IBM Chairman Arvind Krishna says ahead of the IBM
Govt likely to drop plan to decriminalise cheque bounce offences | Business Standard News
lipped from: https://www.business-standard.com/article/finance/govt-likely-to-drop-plan-to-decriminalise-cheque-bounce-offences-121051200037_1.html It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call
NCLT admits insolvency petition against textile company Sintex Industries – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/nclt-admits-insolvency-petition-against-textile-company-sintex-industries/articleshow/82549700.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sintex is the largest debtor taken to the NCLT since the one year moratorium on filing fresh cases ended in March. Lenders tried
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-nbcc-suraksha-submit-revised-bids/articleshow/82551233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis New Delhi, May 11 () State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution
Time to slash stamp duty – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/time-to-slash-stamp-duty/article34528970.ece The Damani property deal must lead to a rethink In one of the biggest property deals, DMart founder Radhakishan Damani and his brother,
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