India

Fraud, Scams & Cybercrime

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.

Trading & Investment

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.

Cybersecurity

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.

Fraud, Scams & Cybercrime

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.

Alternative Markets

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.

Fraud, Scams & Cybercrime

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

Operational Risk

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Cryptocurrency

Coinbase Discussing Market Re-entry With Indian Regulators

By Nithya Subramanian | 17/02/2025

Coinbase initially entered the Indian market in 2022 but was later forced to suspend operations.

Conduct, Culture & Accountability

SEBI Sets New Standards for Related Party Transactions

By Nithya Subramanian | 15/02/2025

From 1 April, listed entities will have to provide more details when seeking audit committee and shareholder approval for related party transactions.