Page 5 - Penalty

CCI says Google's penalty amount 'provisional', awaits financial details

The penalty of Rs 1,337.76 crore translates to 10 per cent of Google's average of relevant turnover for the last three preceding financial years 2018-19, 2019-2020 and 2020-21

After RBI missive, FIDC asks NBFCs to revise codes of conduct

Has asked them to insert penalty cause for repeated breaches

Ministry proposes to decriminalise law on collection of statistics

No imprisonment for offences like obstructing or deceiving officers, but fines will be increased

Sebi slaps Rs 10 cr penalty on Gautam Thapar for alleged fund diversion

Passes final order in CG Power fund diversion case; also fines Avantha Holdings Rs 5 cr and deal lenders IndusInd Bank and Aditya Birla Finance Rs 1 cr each

Apply for re-computation of income under Rule 132 to avoid tax penalty

Those with income from business or profession, who have availed deduction on cess/surcharge, must do so by March 31

Morgan Stanley to pay $35 mn to settle SEC charges over data security

Morgan Stanley agreed to pay the penalty and settle the case without admitting or denying the allegations.

E-challan in Delhi: How to check status and pay traffic fines online

The penalty can be paid either offline or online, depending on the facility provided by the city/state in which the traffic offence was committed

E-commerce entities may face heavy penalty for posting fake reviews: Report

A committee formed by the Department of Consumer Affairs is finalising changes in the norms related to fake reviews, which were formulated by the Bureau of Indian Standards (BIS) in 2021

NDTV pays Rs 10 lakh penalty as directed by SAT in non-disclosure case

In an order dated July 20, SAT had reduced the penalty imposed by Sebi from Rs 5 crore to Rs 10 lakh

RBI imposes penalties on five co-operative banks for non-compliance

The Reserve Bank has imposed penalties on five cooperative banks, including Rs 25 lakh on The Karnataka State Co-operative Apex Bank, Bengaluru, for deficiencies in regulatory compliance. The penalty on The Karnataka State Co-operative Apex Bank Ltd has been imposed for non-compliance with directions on "Housing Finance", the RBI said in a statement. In another statement, it said a fine of Rs 15 lakh has been imposed on Thane Bharat Sahakari Bank Limited, Thane, for non-compliance with the directions issued by RBI on 'Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions'. A fine of Rs 5 lakh has been imposed on Rani Laxmibai Urban Co-operative Bank, Jhansi, as it failed to adhere to specific directions issued to it by RBI under Supervisory Action Framework (SAF), the central bank said. The RBI has also imposed a Rs 2 lakh penalty on The Nicholson Co-operative Town Bank (No.8), Thanjavur District, Tamil Nadu for

RBI imposes fine on 8 urban co-operative banks for breach of various norms

Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016.

448 notices served to e-commerce entities for violations of declaration

As many as 448 notices were served to e-Commerce entities for violations of the declaration during the last one year and nine months and approx Rs 78 lakh penalty was charged from companies

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

Arunachal to impose fine, cancel licence if eateries don't remove 'beef'

The Naharlagun district administration in Arunachal Pradesh has asked all the hotels and restaurants in the state to remove the word 'beef' from their signboards

RBI fines Ola Financial Services Rs 1.67 cr for not following directions

Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements

Sebi slaps Rs 12 cr penalty on Sahara group firms in OFCD issue matter

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection

Sebi slaps Rs 23 lakh penalty on 3 people for misrepresentation of funds

Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 23 lakh on 3 individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd

Fidelity front running: Sebi slaps over Rs 4.28 cr penalties on 11 entities

Sebi on Friday slapped penalties worth more than Rs 4.28 crore on 11 entities for front running trades of 21 Fidelity Group entities besides barring them from the securities market for varying periods

Sebi imposes penalty of Rs 1 cr on IIFL for misusing client securities

Capital markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The order came after Sebi conducted multiple inspections of the books of accounts of IIFL, now known as IIFL Securities, for the period April 2011 to January 2017. Based on the findings, the market watchdog initiated adjudication proceedings. "It was found that the noticee (IIFL) had misused client funds in the range of Rs 0.59 crores to Rs 397.02 crores for settlement obligation of debit balance clients and in the range of Rs 0.26 crores to Rs. 73.28 crores for proprietary purposes, in addition to settlement obligation of debit balance clients," Sebi said. In addition, the interest on funds misused by the noticee amounted to Rs 34.87 crore, it added. Further, the noticee has not settled the funds of clients during the inspection period as mandated by Sebi. Consequently, the market watchdo

RBI imposes Rs 2.97 million penalty on Unimoni Financial Services

A show-cause notice was issued to Unimoni Financial Services. The penalty was imposed after considering the company's response