RULES FLOUTED
Hathras Stampede: Who is Bhole Baba? Cop-turned-godman, Covid rule flouting history, now missing
The deadly stampede in Hathras on Tuesday that claimed over 100 lives occurred at a congregation of Baba Narayan Hari alias Saakar Vishwa Hari 'Bhole Baba'. Most of the victims of the stampde were women, who wanted to catch a glimpse of the self-proclaimed godman and wet to collect some dust from where his convoy passed. They were stopped by Bhole Baba's personnel and later started pushing one another due to which several people fell to the ground, leading to chaos at the site.
Arvind Kejriwal bail conditions: When does Delhi CM bail end? Has he flouted any rule?
Delhi Chief Minister and AAP supremo Arvind Kejriwal was granted an interim bail by the Supreme Court on May 10 for election campaigning. The chief minister, who is out on bail, has been campaigning for AAP as well as the INDIA alliance. Kejriwal was arrested by the Enforcement Directorate in connection with the Delhi Excise Policy case.
Coinbase must face US securities regulator's lawsuit, says judge
While the decision is a partial win for Coinbase in what could be a lengthy and expensive court battle, it largely blesses the SEC's approach to cryptocurrency and agrees with other judges who have sided with the regulator.
UP police seize WagonR 'helicopter' car for flouting Motor Act rules
Police in Uttar Pradesh have seized a Maruti Suzuki WagonR modified to resemble a helicopter, citing unauthorized modifications. The creator, Ishwar Deen, aimed to offer the vehicle for weddings and special occasions but was fined and had his vehicle confiscated. The incident, captured in a viral video, highlights the need for compliance with regulations for vehicle modifications.
Rules flouted, low-quality materials used in collapsed Kolkata building: Civic body official
Builders of the collapsed multi-storey building in Kolkata's Garden Reach area had flouted several rules of the Kolkata Municipal Corporation (KMC) to erect a new building which led to the disaster, a senior official said on Monday. They also not only used low-quality materials to build the structure but used 10mm rods instead of 16mm as proposed by the KMC, the official told PTI.
As Big Tech scrambles to meet EU rules, investigations seen as likely
If any of the six tech giants are not compliant with the Digital Markets Act (DMA) by the EU's Thursday deadline, they could face fines up to 10% of their global turnover.
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Sebi fines 3 entities for flouting venture capital fund rules
Capital markets regulator Sebi on Wednesday slapped a fine of Rs 3 lakh on three entities for failing to wind up India Growth Fund, a scheme of Kotak SEAF India Fund, after completion of its tenure.
RBI Governor Shaktikanta Das' message to Fintechs: Rules key, not your business
When Yes Bank was in trouble, the RBI rejected the offer from distressed funds manager JC Flowers and instead arranged a merger with a group of local banks. This demonstrates the RBI's focus on finding the most suitable solution for the financial sector.
Chaos ensues as India's longest sea bridge, Atal Setu, faces blatant rule violations shortly after opening
In a disappointing post-inauguration twist, the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu faced chaos as individuals blatantly ignored traffic rules, stopping vehicles and snapping selfies on the 100 kmph speed limit bridge. Despite PM Modi's vision of connectivity and progress, the bridge turned into a recreational spot, challenging its purpose. The Twitter page, Mumbai Matters, shared photos, fueling public outrage. Despite CCTV coverage, 9,000 vehicles used the bridge within 12 hours, causing littering and prompting calls for strict action. The incident highlights a lack of civic responsibility, emphasizing the need for public education on infrastructure usage.
Telecom Dept hauls up Vodafone Idea for not complying with KYC rules
The Department of Telecommunications (DoT) is behind Vodafone Idea (Vi) for providing mobile connections to corporate customers without following the mandatory 'know your customer' (KYC). DoT rules for telecom companies state that all business SIMs issued to any company must remain in a deactivated state.
Religare Ent says arm didn't issue shares to chairperson Rashmi Saluja, no norms flouted
Religare Enterprises has clarified that it has not violated rules on issuance of securities to key managerial personnel, as its non-bank lending arm, Religare Finvest, did not issue any shares to its chairperson, Rashmi Saluja. The company stated that the proposal of granting 21.4 million stock options to Saluja was approved by shareholders but not acted upon.
37 housing societies get notice for 'flouting' STP rules in Greater Noida
Residents of different societies had complained to the GNIDA CEO that sewerage was being discharged into the drain without being treated through STP. In Greater Noida, it is mandatory for all the projects being built on an area of 20,000 square metres or more to build their own STP and keep it functional, the authority said.
JNU bans protests on campus, students may face expulsion for flouting restrictions: Varsity Manual
Putting up wall posters and staging dharnas within 100 metres of the academic buildings at the Jawaharlal Nehru University can lead to a fine of up to Rs 20,000 or expulsion while any "anti-national" act will attract a Rs 10,000 fine, according to a new manual. The academic buildings of different schools house offices of chairpersons, deans, and other important office-bearers, apart from classrooms and labs.
Sebi bans 2 persons from securities market for 2 yrs for flouting investment advisory rules
In its order passed on Tuesday, the regulator found that the persons were engaged in providing investment advisory services without obtaining registration from Sebi as required under the IA (Investment Advisers) Regulations. By providing such services, they collected Rs 82.52 lakh from investors.
Sebi slaps Rs 16 lakh fine on Stock Holding Corp of India for flouting market rules
In a separate order, the regulator imposed a penalty of Rs 5 lakh on two individuals for violating regulatory norms in the matter of complaint by Finsec Law Advisors Ltd on behalf of Aequitas
Sebi bans 9 entities from securities mkt for 2-yrs for flouting investment advisory rules
The nine entities that have been prohibited are -- Yogesh Kukadia, Rajesh R Kallidumbil, Nithin Raj, Signal2Noise Capital Partners, Investo Investment Advisers, SS Info Sales, SI Digi Sales, CT Web Sales and ML Tele Sales.
OTT, tech companies need not worry about telcos flouting net neutrality rules, says DoT
While the government has not made any decision on a revenue share between telcos and OTT players, the issue will have no bearing on net neutrality if at all some sort of mechanism is decided in the future, DoT officials said.
Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory norms
The order came after Sebi conducted an examination into the business of MI Research with respect to compliance of the entity with IA (Investment Advisers) regulations.
AP Skill Development Corp established by flouting rules, says CID; Chandrababu Naidu named 'accused one'
"In the wake of widespread speculation over the Skill Development Corporation scam in various fora such as media houses, political parties and the general public, it is pertinent to set the record straight," AP CID chief N Sanjay said, noting that Naidu was the chief architect of this scam.
Dying in harness scheme: Kerala govt to deduct 25 per cent of salary of employees flouting rule
The Kerala government on Wednesday decided to take strict action against those who gained government jobs under the dying in harness provision if they were found neglecting other dependents of the deceased employee. The decision was taken by the state cabinet meeting, chaired by Chief Minister Pinarayi Vijayan.
Crypto companies made 'calculated' decision to flout rules, says SEC chair
Chair of the U.S. Securities and Exchange Commission, Gary Gensler, refutes claims of trying to crush the crypto industry, stating that firms have made a "calculated economic decision" to flout SEC rules. Gensler reiterated his view that most crypto tokens classify as securities and should register with the SEC. After the SEC sued two of the largest crypto exchanges, Coinbase and Binance, the industry has attacked Gensler. However, Gensler hit back, stating that the rules are clear and have been established with over 100 crypto enforcement actions, with companies making a "calculated economic decision" to take the risk of enforcement.
Crypto companies made 'calculated' decision to flout rules, says SEC chair
Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the "vast majority" of crypto tokens meet the test for being a security and should be registered with the SEC. That means most crypto exchanges have to comply with the securities laws too, he added.
US SEC chair Gary Gensler says crypto companies made 'calculated' decision to flout rules
Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the "vast majority" of crypto tokens meet the test for being a security and should be registered with the SEC.
Have club house rules been flouted?
The opposition parties are super big on protocol and decorum and those kinds of things. Which is understandable, since on matters such as whether cold soup should be had by moving the soup spoon away or towards the mouth are the sort of issues they have had a good chance of putting up a good show of late, outside Karnataka.
BJP councillor alleges Delhi Mayor Shelly Oberoi flouted rules, moves HC
BJP councillor Sharad Kapoor, in his petition, has said that the Mayor "defied every constitutional and statutory norm" and "betrayed the mandate of the Constitution by allowing mobile phones and pens in the election proceedings".
Sebi notices to PE, VC funds for flouting rules
These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to the fund tenures they had specified in their respective offer documents while garnering the corpus, the people cited above said. Many of the early funds, floated around 2013-14, were scheduled to wind up their operations by 2021-2022.
Assam police initiates crackdown on foreign nationals flouting visa rules
On Friday seven German nationals were detained for violating visa norms, recently three Swedish nationals were deported after they were found to be engaged in religious teaching. A senior police officer who does not want to be named told ET, “Police are directed to keep a tab on such tourists who are here on tourist visas however engaged in proselytization or religious teaching.”
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