Good reputation and character is very important for appointment as an Insolvency Professional under the insolvency law and past actions cannot be ignored to judge fitness for the job, the Delhi High Court has said. The court’s observations came while dismissing a petition by a banker challenging the Insolvency and […]
Market regulator Sebi has slapped a fine of Rs 16 lakh on Stock Holding Corporation of India Ltd for violating foreign portfolio investor rules. The decision came after Sebi had conducted an inspection of documents, and other records of SHCIL, a Designated Depository Participant (DDP), to verify the possible violations […]
Capital markets regulator Sebi on Thursday exempted three family trusts linked to promoters of Shakti Pumps (India) Ltd from making an open offer to the company’s shareholders following their proposed direct acquisition of shares. The order came after the trusts filed applications with the regulator in May 2023, and sought […]
The Reserve Bank of India has imposed fines on HDFC Bank and Bank of America under the powers vested in it through sections of the FEMA. While HDFC has been fined for violation of the RBI’s directions on acceptance of deposits from non-residents, Bank of America has been imposed a […]
The Central government, on Wednesday, listed 18 Bills to be taken up for consideration and passage during the upcoming winter session of the Parliament, which will be held from December 4 to 22. Among the 18 Bills are significant criminal law legislation aimed at replacing the Indian Penal Code (IPC) […]
Canada’s government has said it has reached a deal with Google for the company to contribute USD 100 million Canadian dollars annually to the country’s news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content. The agreement removes a threat by Google […]
The CEOs of Meta, X, TikTok, Snap and Discord will testify before the US Senate on January 31, 2024 during a hearing about online child sexual exploitation. US Senate Majority Whip Dick Durbin (D-IL) and Senator Lindsey Graham (R-SC), Chair and Ranking Member of the Senate Judiciary Committee, announced that […]
A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years. Updated On Nov 30, 2023 at 10:44 PM IST A U.S. […]
The US Supreme Court on Wednesday heard the second of three cases the majority conservative bench will consider this term that could significantly curtail federal regulatory authorities. Wednesday’s case challenges a tribunal system used by the Securities and Exchange Commission (SEC) to rule on fines issued by the agency. A […]
European consumer groups lodged Thursday a complaint against Meta’s system allowing Facebook and Instagram users to pay to opt out of data tracking, the second challenge this week. Meta sells data on its users to advertisers but has long struggled to provide a justification that satisfies EU data privacy laws. […]