VARIOUS DISCLOSURE LAPSES
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them
While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.
JM Financial shares plunge 19% after RBI restrictions. Here's what happened
Shares of JM Financial plunged 19% after RBI barred JM Financial Products from undertaking business in shares and bonds funding. RBI directed JM Financial to cease and desist from financing against shares and debentures. The stock has been on the downtrend for the fourth straight session.
RBI bars JM Financial Products from share and bond funding due to regulatory lapses, company has refuted regulators claims
The RBI statement directed JM Financial Products to “cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against Initial Public Offering (IPO) of shares as well as against subscription to debentures.” JM Financial have strongly denied claims of lapses and violation made by the regulator.
Telecommunications Bill gets President's assent
The legislation - which allows the government to temporarily take control of telecom services in the interest of national security - was cleared by the Lok Sabha on December 20, and by Rajya Sabha on December 21.
Not aware of any subpoena to US investors, regulatory checks a routine: Adani group
Adani Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices. The group added that its disclosures were public record, and that regulators frequently sought access to such material
Adani-Hindenburg row: SC to hear SEBI's plea on extension of probe time on Tuesday
\The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. The hearing on the market regulator's plea and PILs could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm.
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Adani-Hindenburg saga: SEBI cautions against premature conclusion of probe
India's market regulator SEBI on Monday told the Supreme Court Monday that any incorrect or premature conclusion of its probe into possible lapses of regulatory disclosures by billionaire Gautam Adani's eponymous group will not serve the interest of justice and will be legally untenable. The Supreme Court Friday said it will consider granting three more months to the SEBI to wrap up its probe into allegations of stock price manipulation by the Adani group while rejecting suggestions that it had blamed SEBI for regulatory failure.
Sebi cautions against premature conclusion of Adani probe
The Securities and Exchange Board of India (SEBI), in a court filing, said it has already approached eleven overseas regulators for information to examine if the Adani group had violated any norms regarding its publicly available shares.
Tata Steel penalty: Supreme Court rejects Sebi appeal
While upholding tribunal's December order, justice Sanjiv Khanna said the penalty amount was too small for the market regulator to challenge it before the apex court. But it left the question of law open on whether penalty could be levied on the new management. Issue has been raised in various other appeals and is pending before the SC.
Adani Group plans independent probe into Hindenburg allegations
According to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.
ICAI probing financial disclosures of Byju's, says President Debashis Mitra
ICAI President Debashis Mitra said the Institute is aware of the issues at Byju's and that was not just because Karti Chidambaram had written to it about the alleged issues.
Sebi penalises Axis Bank for violating merchant bankers regulations
The regulator had conducted an examination of the debt capital market operations of Axis Bank during the August 2016 to August 2019 period. It was observed that Axis Bank (noticee) had acted as the merchant banker in respect of 22 public issuances of debt of various companies during the given period.
Sebi levies Rs 7 lakh fine on Jaypee Infratech for disclosure lapses
The company did not make disclosures with regard to series of non-convertible debt (NCD) securities issued and listed by it, as required under market norms, a Sebi order said.
Sebi slaps Rs 6 lakh fine on Capital First for disclosure lapses
In its order, Sebi found that Capital First did not make requisite disclosures about the encumbrances on shares of DCHL held by them to the stock exchanges and DCHL.
Sebi fines NDTV Rs 5 crore for loan agreement disclosure lapses
On August 26, 2017, the capital markets regulator received a complaint from Quantum Securities relating to loan agreement signed between promoters of NDTV— Prannoy Roy, Radhika Roy and RRPR Holding-- and VCPL.
Sebi slaps Rs 15 lakh fine on individuals, entities
In an order, Sebi said the entities and individuals belonged to the Bharat Patel Group.
Sebi slaps fines totalling Rs 41 lakh on various individuals over disclosure lapses
An investigation was conducted by Sebi into the scrip of FIRL to ascertain whether there have been any disclosure-related violations by the company's promoters for the February to July, 2013 period.
Sebi’s Rs 7 lakh penalty on NHAI harsh and excessive, says SAT
SAT said Sebi’s order was “harsh and excessive” and let off NHAI with a warning. The tribunal also opined that NHAI is already “heavily burdened” with compliance requirements under various laws including the Sebi Act, and hence, the regulator should have considered making an exception for NHAI.
Sebi fines 4 entities for disclosure lapses in SRK Industries case
In four separate orders, a fine of Rs 1 lakh each has been levied by the regulator on Geeta Narayanan, Birendra Kumar Jain, Island Media and Entertainment Pvt Ltd and Maxgain Advisory Pvt Ltd.
Sebi imposes Rs 5 lakh fine on an entity for fraudulent trading activities
In February, the watchdog had restrained 39 entities from accessing the securities market and prohibited them from buying, selling or dealing in securities in any manner.
Sebi imposes Rs 15 lakh fine on Castex, Metalyst for disclosure lapses
Metalyst Forgings Ltd was the promoter of Castex Technologies Ltd at the the time of violation.
NDTV to file appeal against Sebi order imposing Rs 12 lakh fine
The Sebi order came after the regulator examined multiple disclosure lapses by NDTV.
Sebi probes potential violations of disclosure norms at YES Bank
Sebi is examining whether Yes Bank breached any of the laws dealing with securities trading.
Sebi may seek forensic probe of ICICI Bank books, disclosures
The forensic examination will focus on disclosures made by the bank over the last few years.
ICICI Bank’s Videocon loan: Sebi probing possible disclosure, corporate governance lapses
The lender has come out in defence of Kochhar, saying it has full confidence in the MD & CEO.
Sebi fines NDTV, others for disclosure lapses
The order follows a probe by Sebi (Securities and Exchange Board of India) into alleged delay in disclosure about Rs 450 crore income tax demand.
Sebi probes disclosure, trading lapses
Sebi and stock exchanges have begun analysing the stockmarket trade details of all entities associated with Nirav Modi including Choksi.
Cooperating with investigations in South Africa: BoB
Bank of Baroda has made all disclosures that are considered material under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CAG finds lapses in monitoring expenditures by MSME ministry
CAG has found lapses on part of the MSME Ministry including deficiencies in internal monitoring system and non-disclosure of expenditure incurred on loans and advances, among other issues.
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