Speaking at the Startup Mahakumbhi, Sachin Bansal said that fintechs should prioritise regulation, even if it is detrimental to the interests of its consumers.
The regulations are in line with those of the Association of Mutual Funds in India (AMFI), sources have told Moneycontrol. The Online Bond Platform Providers (OBPP) Association was set up in November
Investors should recognise that new-age tech companies operate in areas where regulations, too, are still evolving. For such businesses, the risk from these evolving regulations will always be a sword over their heads.
With effect from October 1, 2023, the new TCS regulations apply to your international spending such as overseas tour packages, forex, remittances, and so on. Whether you're a business owner, a frequent international traveller, or simply curious about how the TCS would be levied, this video is a must-watch.
This comes in after the promoter group entity of Vodafone Idea Ltd (VIL) had assured assistance of Rs 2,000 crore to the company, if it requires financial support to meet the impending payment obligations, stated a regulatory filing made by the telecom operator on August 14.
Small brokers are in for a tough time as they will have to grapple not only with working capital issues but will also have to funnel in their own funds, in case they were using clients' funds for prop or arbitrage trading
According to a CNBC-TV18 report, the IRDAI wrote to SEBI seeking its view on the fair value, wrongdoing or any security regulations violation of the deal.
Das said there will be "convergence on standards of data collection and storage" after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer.
The RBI has been tightening screws on systemically important NBFCs, bringing their regulation on par with that of commercial banks to ring-fence the system.
In a first, the Securities and Exchange Board of India has allowed investors to withdraw their applications to the company’s follow-on public offer after reports of unsolicited messages advertising the FPO surfaced
Benchmark indices ended lower on rising concern over Omicron variant. Sensex was down 1,189 points, and the Nifty was down 371 points. All Indices ended in the red with the realty, bank, capital goods, and metal indices falling 3-4%. Market sentiments were hit owing to factors such as new emerging COVID-restrictions, selling by FIIs & policy-tightening, and liquidity-reduction measures by major central banks.
First of all, it’s important to know whether you are going to be classified as a PRI or a PROI. The investments and remittances you make, both in India and abroad, depend on a host of FEMA rules. Prime among them is the definition of your residential status
It would be best if the government declares cryptocurrencies as digital assets and frames rules and regulations to govern their use
The high court did not allow Franklin Templeton to distribute money in cash–positive schemes that the fund house has received.
A close examination of these defaults suggests that less regulation was not the problem and more regulation is not the solution
These social stock exchanges would facilitate listing and fund-raising by social enterprises as well as voluntary organisations.
The surge price limit is one of the many issues the new norms would address. These would likely be in line with proposals made in December 2016
The move comes on the heels of a 20 percent tax on share buybacks imposed by the Finance Ministry in Budget 2019 and is apparently aimed at providing a correct picture of companies’ leverage status.
By proposing the use of perpetual non-cumulative preference shares to cut promoter holding, Kotak, the promoter, is guilty of not complying with the spirit of the law. So too, Kotak Mahindra Bank and its independent directors.
Housing and Urban Affairs ministry releases guidelines for regulation of retirement homes to ensure ease of living for senior citizens.
Uttaresh Venkateshwaran gets in conversation with Moneycontrol's Anupa Kujur to discuss the draft drone policy released by the government.
Telecom regulator Trai has set up a joint committee consisting of industry representatives to examine and identify regulations and tariff orders that are out of sync with times.
During his campaign, US president Donald Trump vowed to ease the burden of the healthcare industry in US by reducing taxes and government regulations. Two important decisions expected from the Trump administration is appointment of Food and Drug Administration (FDA) commissioner and drug price control.
Markets regulator Sebi plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows.
The commodity derivatives advisory committee (CDAC) appointed by the market regulator Securities Exchange Board of India (SEBI) is meeting this month to firm up and shape regulations around options trading in commodity markets. The Sebi in-principle nod is already in place.