India

Enforcement

SEBI Fines Indian Clearing Corporation for Cybersecurity Lapses

By Nithya Subramanian | 26/02/2025

SEBI said the BSE subsidiary didn’t maintain an up-to-date inventory of IT assets or comply with requirements to identify critical assets.

Enforcement

SEBI Fines Axis Securities for Multiple Regulatory Violations

By Mark Johnston | 25/02/2025

Axis Securities was fined INR 1 million for violating stock broker rules, mishandling client funds, and reporting requirements.

Capital / Liquidity

RBI Proposes New Limits on Penalties for Loan Pre-payments

By Nithya Subramanian | 25/02/2025

The RBI has proposed new regulations to prohibit foreclosure charges and pre-payment penalties on floating rate loans for micro and small enterprises.

Enforcement

India Enforcement Directorate Seizes $190m Related to BitConnect Scam

By Nithya Subramanian | 21/02/2025

The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.

Market Infrastructure

RBI Issues Directions on Government Securities Transactions

By Nithya Subramanian | 20/02/2025

The new directions enhance flexibility for G-Sec transactions involving primary members of NDS-OM and their gilt account holders.

Fintech / Regtech

SEBI Proposes Technology-based Measures to Secure Trading Accounts

By Nithya Subramanian | 20/02/2025

SEBI proposes stronger authentication and trade controls to prevent unauthorised access and fraudulent transactions.

Enforcement

Indian Tax Authorities Hit Aviva with $7.5m Fine

By Nithya Subramanian | 19/02/2025

Tax authorities said by using fraudulent invoices and cash payments, Aviva wrongly claimed tax credits and evaded taxes.

Securities / Derivatives

SEBI Relaxes Timelines for AIFs to Hold Investments in Demat Form

By Nithya Subramanian | 19/02/2025

Investments made by AIFs prior to 1 July are exempted from the requirement of being held in dematerialised form except in specific cases.

Securities / Derivatives

SEBI Launches Platform to Help Investors Locate Inactive Fund Investments

By Nithya Subramanian | 18/02/2025

The MITRA platform will serve as a searchable database that enables investors to identify forgotten mutual fund investments or claims they may be entitled to