Page 3 - Fine

MCA mulls imposing fines on unicorns over delay in filing financials

Swiggy had delayed its FY21 result filing by 11 months and Ola Electric was at least 13 months late in filing the financials with the RoC

Sebi imposes Rs 3 lakh fine on CB Management Services for non-compliance

Markets regulator Sebi has imposed a penalty of Rs 3 lakh on CB Management Services for delaying the process of issuance of duplicate shares and failing to process transmissions of stocks within the time limit. Also, it had not maintained signature records of shareholders in certain companies. CB Management Services, Registrar to an Issue and Share Transfer Agent, has been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in an order on Tuesday. The capital markets regulator conducted an inspection of CB Management Services' activities as a Registrar to an Issue and Share Transfer Agent from April 2017 to March 2019. In its order, Sebi's Adjudicating Officer N Hariharan found, "the noticee (CB Management Services) has not maintained signature records of the shareholders, more than 150 instances of violations of timelines for instances of duplicate shares and nine instances of delay in the processing of transmission of shares". By doing so

NGT slaps fine on Ansal Properties & Infrastructure for green violations

The National Green Tribunal (NGT) has imposed a cost of Rs 153.50 crore on Ansal Properties & Infrastructure Ltd (APIL) for various environmental violations by its project at Sushant Lok Phase-I, Gurgaon.

Warning for plastic ban violation till Jul 10; action include jail: Rai

The government will give top priority to creating awareness against the use of SUP items and providing their alternatives to people, Environment Minister Gopal Rai said.

NMDC cuts prices of lump ore by Rs 1,100 per tonne, fines by Rs 1,000

The revised prices are effective from June 5, 2022, and exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company s

Rs 10 lakh per day fine if delay in Noida Airport project, says UP minister

A fine of Rs 10 lakh per day will be levied on the developer of the upcoming Noida International Airport if there is a delay in the completion of the project, Minister Nand Gopal Gupta 'Nandi' said

Donald Trump must pay $110K, meet conditions to end contempt: NY Judge

Engoron declared Trump in contempt on April 25 and fined him $10,000 per day for not complying with a subpoena in NY Attorney General Letitia James' long-running probe into Trump's business practices

Paytm Mall, Snapdeal fined Rs 100,000 each over faulty pressure cookers

The CCPA imposed of Rs 1 lakh fine each on Paytm Mall, Snapdeal for selling non-standard pressure cookers and asked them to recall sold items as well as reimburse the amount paid by consumers

NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market

Capital markets watchdog Sebi on Monday imposed a penalty of Rs 6 lakh on Parwati Capital Market Pvt Ltd in the NSE co-location case

Sebi levies Rs 40 lakh fine on B P Equities, others for violation of norms

Sebi levied a total fine of Rs 40 lakh on B P Equities Pvt Ltd, Jamson Securities Pvt Ltd and an individual for violation of market norms while dealing in the scrip of Ruchi Soya Industries Ltd

Brazil coach is fined $5,000 for criticizing troubled Copa America

CONMEBOL fined Brazil coach Tite $5,000 for criticizing the organization of the Copa America. The sanction came less than a week after a Bolivia player was also sanctioned for attacking the tournament, which is taking place amid a growing COVID-19 pandemic in the region after the two original hosts, Colombia and Argentina, were withdrawn. Tite said in a news conference on June 12 that the Copa America was shifted to his country in a confusing manner." CONMEBOL named Brazil as host less than two weeks before the tournament kicked off. The Brazilian Football Confederation cannot appeal the decision against Tite, CONMEBOL said. Eduardo Gross Brown, the president of CONMEBOL's disciplinary commission, added that Tite could suffer new penalties if he criticizes the tournament organizers again. Tite criticized the organization on Wednesday after Brazil's last-minute 2-1 victory against Colombia in Rio de Janeiro. I am not going to call this pitch horrible, but it is very bad to play s

Construction firm fined Rs 77 cr for illegal soil extraction in Maharashtra

A penalty of Rs 77 crore has been imposed on a private construction company for allegedly extracting 'murum' soil and stones illegally from various sites here in Maharashtra

Player banned, find $20,000 at Copa America for criticizing organizers

CONMEBOL suspended Bolivia striker Marcelo Martins for one match and fined him $20,000 for criticizing the Copa America being played in Brazil

6 Premier League clubs fined 22 mn pounds for involvement in Super League

The six Premier League clubs, who had signed up to play in the breakaway European Super League, have agreed to pay a fine of 22 million pounds

Uttarakhand government rolls out heavy fines for noise pollution

The Uttarakhand government on Friday decided to levy heavy fines on noise pollution

Sebi fines Inventure Growth and Securities for violating market norms

The order follows a comprehensive joint inspection carried out by Sebi with exchanges between April 2017 and May 2018

Sebi fines four entities for disclosure lapses in SRK Industries case

Capital markets regulator Sebi on Monday imposed a total fine of Rs 4 lakh on four entities for disclosure lapses in the matter of SRK Industries Ltd. 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. Securities and Exchange Board of India (Sebi) had conducted an investigation in the matter of trading in SRK Industries' shares by its promoters for the period of March 2010 to December 2014. It was found that the entities had failed to make complete disclosures required under PIT (prohibition of insider trading) norms for becoming the promoters of SRK, due to a scheme of arrangement approved by High Court of Bombay and High Court of Madras for the merger of TCL (Transcend Commerce Ltd) with SRK, Sebi said in similarly worded orders. Further, it said that the disclosure was to be made in two days from the occurrence of the event. With regard t

Minimum Rs 10,000 fine for holding old notes, no jail term

The 50-day window for depositing the old notes in bank accounts and post offices expires tomorrow