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The recovery amount includes penalties, interest and enforcement costs imposed on these entities for violating the Sebi (Investment Advisers) Regulations.
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The capital market regulator is weighing a hike in intraday position caps but drawing a hard line between expiry and non-expiry days, introducing “soft vs hard” breach rules and penalties for expiry-day excesses
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IRDAI's action dates back to June 2020 when it conducted a remote inspection of PolicyBazaar’s operations during its IWA tenure and found irregularities in how it managed the sales processes, disclosures, partnerships, and premium flows.
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In the notices, Indian authorities claimed that the prime reason these lessors operated from Ireland was to avoid tax on the operating lease rental they earned from airlines in India.
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The RBI, however, added that the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreements entered into by IndusInd Bank with its customers.
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The government has sought public comments on new rules that propose fines for failing to furnish information or giving wrong information for statistical purposes. Earlier, the offence led to criminal proceedings
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These banks are The Gujarat Rajya Karmachari Co-operative Bank, The Rohika Central Co-operative Bank, The National Co-operative Bank, and The Bank Employees’ Co-operative Bank, the RBI said in a release.
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In the 53rd GST council meet held on Saturday, the government decided to exempt both penalty and interest provided they pay the principal tax demand by March 31, 2025
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It was alleged that Cognizant had declared 'exempted services' in violation of the Cenvat Credit Rules.
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The period of violation was between Q4 2021 to Q1 2022, Infosys said.
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The central bank imposed a Rs 5 lakh penalty on Dr Panjabrao Deshmukh Urban Co-operative Bank and a Rs 75,000 penalty on Jila Sahakari Kendriya Bank Maryadit.
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The Competition Commission of India has invited expert comments on the draft regulations till January 25, 2024. This is for the first time that the CCI has come up with regulations to determine the turnover of an enterprise to impose penalties for antitrust violations.
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The Chief Justice of India (CJI) DY Chandrachud orally indicated that the case will be listed on April 30, 2024. The lawyers for both the sides told the court that they would require four days to argued the case as it raises certain new questions of law.
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The Commission had taken cognisance of the incident based on a complaint and sought reports from the Electricity Department of the state government.
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Telecom company plans to contest alleged contravention regarding CENVAT credit transition
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The court has also directed the Committee of Air Quality Management (CAQM) to look into waste management and ensure that the pollution is not aggrevated in the next winter.
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The penalties have been imposed for the tax period between April 2016 to March 2017 and April 2017 to March 2018
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It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
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The European Commission imposed the 376.4 million-euro fine after a court threw out an original 1.06 billion-euro penalty issued in 2009 over allegations that the Santa Clara, California-based company used illegal sales tactics to shut out smaller rival AMD.
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The high court made it clear that asking the company to deposit the amount should not be treated as an acceptance by the court that Twitter has a case.
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Geep challenged CCI's recovery notice dated July 17 levying 1.5% simple interest on a Rs 2.4 crore penalty amount. It claimed that levying of interest on penalty is in violation of CCI's penalty recovery regulations
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On June 30, SEBI said Vedanta had broken its rules by publishing a press release on its website that made it appear it had partnered with Foxconn to make semiconductors in India, when the deal was with Vedanta's holding company.
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The penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI said.
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The Supreme Court had allowed MMRCL to fell 84 trees for the construction of a metro car shed in Aarey Colony. MMRCL later sought and received sanction from the Tree Authority to cut 177 trees
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The violations pertain to residential units in the Migsun Ultimo project in Gautam Buddh Nagar, and a commercial unit in the Migsun Migenet project in Ghaziabad.
