Stricter penalty for misuse of PM, President pics
Penalty of Rs 1 lakh may sooner be imposed upon usage of photographs of Prime Minister or President for promotion of business and repeating the offence shall be further penalized amounting Rs 5 lakhs. The penalty for improper usage of national emblems stands at Rs 500 with no higher fines imposed on repeating the offence.
Govt plans to lower fines on companies to boost compliance
A company law panel is expected to recommend lower penalties—half of that levied o...
RBI slaps Rs 5 cr penalty on Gujarat-based Mehsana Urban Co-operative Bank
After statutory inspection of the bank regarding its financial pos...
RBI imposes Rs 1 crore penalty on Bandhan Bank
The bank was required to bring down promoter holding to 40% within three years from the date of commencement.
Telecom woes: Vodafone Idea to approach govt for relief, waiver of interest, penalty
SC order on adjusted gross revenue for telcos could make Voda-Idea to shell out Rs 28,309 crore.
Govt within its rights to waive interest on dues of telcos: Harish Salve
Referring to the inclusion of components such as trade discounts, discounts on prepaid tariffs and forex fluctuations in the computation of AGR, Salve in his legal opinion said that in the past, the telecom tribunal headed by a retired judge had held that the demands of the government were “illegal”.
DoT seeks legal view on AGR impact for non-telecom players
Lawyers say that several companies — including GAIL, Power Grid Corporation, Delhi Metro, RailTel, among others — that are non-telcos but hold telecom licences to provide a range of offering such as internet services, national and international long-distance services and VSAT services, could fall under the DoT’s wider licence fee ambit
SBI Life fined Rs 4 lakh by Irdai for violating norms on protection of policyholders
Insurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and protection of policyholders' interest.
Bharti Airtel to increase tariffs from December, 2019
On November 15, Airtel said its net loss was on account of exceptional charge pertaining to the provisioning of Rs 28,450 crore towards the AGR dues, which included principal of Rs 6,164 crore, interest of Rs 12,219 crore, penalty of Rs 3,760 crore, and interest on penalty of Rs 6,307 crore.
RBI imposes Rs 3 crore penalty on SBM Bank
A scrutiny was carried out by RBI to examine the implementation of SWIFT related operational controls in SBM Bank (Mauritius) at its Indian operations, and it was observed that it failed to comply with certain provisions, the RBI said.
Voda Idea AGR dues could rise further
Voda Idea has pegged its additional AGR liability at Rs 44,200 cr; dues that need to be paid in under 3 months.
Jio accuses Airtel, Vodafone Idea, BSNL of cheating; asks Trai to slap penalties
Jio’s accusation comes on the heels of the company slamming Trai in an earlier letter, calling its IUC review process a retrograde step and against consumers. The Ambani telecom has accused its rivals of reporting landline numbers as mobile ones to earn revenue.
SAT reduces penalties on JV Stock Broking, SPFL Securities
While JV Stock Broking is a trader, SPFL Securities is a broker, according to the order of the tribunal.
SC declines Oil Min request to stay sharing of documents on Reliance penalty
The Oil Ministry first challenged the disclosure before the Delhi High Court, which on December 18, 2018 dismissed the petition.
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