Telangana RERA penalises DLF Gayatri Developers, others over non-compliance, ET LegalWorld
The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of 2.5 lakh on DLF Gayatri Developers, a joint venture between Gurgaon-based DLF India Limited and Hyderabad-based Gayatri Infra Private Limited (GIPL), and three other real estate entities for marketing and selling plots without registering their project under TG RERA. A complaint was […]
Sebi issues warning to JM Financial over regulatory non-compliance, ET LegalWorld
Capital markets regulator Securities and Exchange Board of India (Sebi) has issued an administrative warning to JM Financial for regulatory non-compliance. Sebi issued a letter on January 2, JM Financial said in a regulatory filing. “Issuance of administrative warning to the company in relation to the initial public offering of equity shares by one of […]
RBI penalises Manappuram Finance for non-compliance with KYC norms, ET LegalWorld
The Reserve Bank has imposed a penalty of Rs 20 lakh on Manappuram Finance for non-compliance with certain provisions of Know Your Customer (KYC) norms. The RBI said a statutory inspection of the NBFC (non-banking financial company) was conducted with reference to its financial position as on March 31, 2023 and a notice was issued […]
Premier Polyfilm fined ₹ 3 Lakh by SEBI for non-compliance with regulations, ET LegalWorld
Premier Polyfilm has received an Adjudication order under section 15 I of the Securities and Exchange Board of India Act 1992 Read with Rule 5 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules,1995 has passed an order on December 9, 2024. The security market regulator has imposed a penalty of ₹ 3,00,000 (Rupees […]
Angel One faces ₹6 Lakh penalty from SEBI for regulatory non-compliance, ET LegalWorld
Highlights Angel One Limited has been penalized ₹ 6,00,000 by the Securities and Exchange Board of India for noncompliance with regulations during inspections conducted from January to December 2023. The penalty is based on findings from a Comprehensive Inspection and Thematic Inspections related to Technical Glitches and Authorized Persons, covering the period from April 2022 […]
Delhi HC notice on Kejriwal’s plea challenging ED complaints over non-compliance with summons, ET LegalWorld
The Delhi High Court on Tuesday agreed to examine a plea filed by former Chief Minister Arvind Kejriwal challenging the maintainability of complaints filed by the Enforcement Directorate (ED) over non-compliance with summons issued to him in the alleged liquor policy scam. A Bench of Justice Manoj Kumar Ohri issued a notice on Kejriwal’s plea […]
Telangana Realty Firm Fined ₹8.5 Lakhs for Non-Compliance with RERA Regulations, ET LegalWorld
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of 8.5 lakh on Greenspace Housing and Engineers Private Limited for failing to register its apartment project, Greenspace Grand, under the RERA Act, 2016. The case was taken up by TGRERA following a complaint against Greenspace Housing for not registering the project as required […]
Surveyor General of India faces reprimand and fine for non-compliance, ET LegalWorld
The National Green Tribunal (NGT) has imposed a cost of Rupee 1 on the Surveyor General of India for not complying with its order. A Bench presided over by Chairperson Justice Prakash Shrivastava passed the order, noting that neither any response has been filed by the Surveyor General nor he was virtually present before the […]
RBI penalises Axis Bank for non-compliance with regulations, Legal News, ET LegalWorld
Reserve Bank of India has imposed a monetary penalty amounting to Rs. 1.91 crore on the Axis Bank for the contravention of provisions of Section 19 (1) (a) of the Banking Regulation Act, 1949; and non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and ‘Credit Flow to […]