Sebi warns investors against trading in unlisted securities on unauthorised platforms, ET LegalWorld
Markets regulator Sebi on Monday warned investors against conducting transactions in securities of unlisted public limited companies on unauthorised electronic platforms and websites. The markets watchdog highlighted that such activities violate the Securities Contracts (Regulation) Act, 1956, and the SEBI Act, 1992, both aimed at safeguarding the interests of investors in the securities market. In […]
Sebi warns investors against unregistered online platforms offering unlisted debt securities, ET LegalWorld
Market watchdog Securities and Exchange Board of India (Sebi) has issued a stern warning to investors about unregistered online platforms offering unlisted debt securities. While highlighting the risks associated with such platforms, the regulator has cautioned investors against using these platforms. It said that unregistered online platforms operate outside Sebi’s regulatory framework and lack essential […]
Sebi says digital platforms not required to obtain SDP status, ET LegalWorld
Market regulator Sebi on Wednesday clarified that digital platforms, used by registered or regulated entities to associate with third parties, are not obligated to seek recognition as Specified Digital Platforms (SDPs). The market regulator also stated that there is currently no regulatory framework in place for governing SDPs. An SDP is a digital platform approved […]
SEBI bans these four online platforms from distributing bonds and debentures, ET LegalWorld
The Securities and Exchange Board of India (SEBI) has taken action against four online bond platform providers for operating without proper registration. These online platforms were found to be offering unlisted NCDs (non-convertible debentures) to the public without adhering to regulatory norms. SEBI’s investigation revealed that these platforms were circumventing regulations by structuring their offerings […]
Sebi cautions investors against unauthorized virtual trading, gaming platforms, ET LegalWorld
Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries. The advisory statement came after the Securities and Exchange Board of India (Sebi) noticed that some apps /web applications / platforms are offering virtual trading services or paper trading […]
Save Culture Foundation pushes legal action against OTT platforms for sexually explicit content, cites police inaction, ET LegalWorld
At a press conference held at the Press Club of India, Uday Mahurkar, Founder of the Save Culture Save Bharat Foundation along with Sanjeev Newar, Founder of Gems of Bollywood, and Vineet Jindal, a Supreme Court lawyer, discussed the growing threat posed by the easy accessibility of sexually explicit content. They have initiated legal proceedings […]
RBI adds more entities in ‘Alert List’ of unauthorised forex trading platforms, ET LegalWorld
The Reserve Bank on Tuesday updated the ‘Alert List’ of unauthorised forex trading platforms by adding 13 more entities, including TDFX and Inefex, taking the total to 88. The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate […]
SC rejects PIL for setting up autonomous body to monitor content on OTT, other platforms, ET LegalWorld
The Supreme Court on Friday dismissed a PIL seeking a direction to the Centre to set up an autonomous body to monitor and filter content and regulate videos on over-the-top (OTT) and other platforms in India, saying these are policy matters. A bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj […]
All social media platforms in Meghalaya will have to register with govt directorate, ET LegalWorld
The Directorate of Information and Public Relations (DIPR) has issued a notification mandating that all individuals and organisations involved in disseminating news on social media platforms within Meghalaya must register with the department. The notification is part of a broader effort to ensure that no content shared on social media is against the interests of […]
Inter-dept panel may be set up to ensure compliance by online gaming platforms, ET LegalWorld
An inter-departmental committee with representatives from ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms and ensure regulatory compliance, a DGGI report said. The GST intelligence wing of the Central Board of Indirect Taxes and Customs (CBIC) has initiated action against 118 domestic online gaming […]