Penalty

Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty

Markets regulator Sebi has barred EKI Energy Services Ltd and its Managing Director Manish Kumar Dabkara from the securities market for two months and 12 months, respectively, for misrepresenting financial statements of the carbon credits trading firm and diverting funds. Also, the regulator has restrained the company's former Chief Financial Officer (CFO) Mohit Kumar Agarwal from the securities market for eight months, while whole-time directors Naveen Sharma and Sonali Sheikh have been prohibited for five months and one month, respectively. Besides, Sebi has imposed monetary penalties totalling Rs 88 lakh on the company and other individuals for various violations of securities market regulations. Further, the markets regulator directed Dabkara to take immediate steps to recoup the amount diverted from EKI Energy Services. In its 94-page final order, Sebi noted that EKI had prematurely recognised revenue aggregating Rs 197.04 crore during the first three quarters of FY23, thereby

SAT sets aside ₹1.49 crore MCX penalty on Ventura over invalid order

The tribunal has ordered MCX to refund Rs 1.76 crore to Ventura Securities after finding that a former committee member had signed the penalty order over a position-limit breach

Sebi orders Avadhut Sathe Trading Academy and its founder to refund ₹546 cr

Markets regulator Sebi on Friday directed Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and its Founder Avadhut Sathe to refund Rs 546.17 crore collected from participants for providing unregistered investment advisory and research analyst services, along with interest of Rs 67.87 crore. The regulator has also barred the academy and Sathe from accessing the securities market for two years or until compliance with the refund direction, whichever is later. In its 171-page final order, the regulator imposed a total penalty of Rs 11.5 crore on the academy, Sathe and Gouri Avadhut Sathe for violations of securities market regulations. The academy has been fined Rs 6 crore, Sathe has been fined Rs 4 crore, while Gouri Avadhut Sathe has been penalised Rs 1.5 crore. The regulator found that the academy and Sathe provided investment advice and research recommendations through paid programmes, sessions and WhatsApp groups without obtaining the required registration. It also found that ...

RBI imposes ₹27.3 lakh penalty on Asset Care & Reconstruction Enterprise

The central bank imposed the penalty after its inspection found non-compliance with regulatory directions relating to the charging of management fees by the ARC

RBI imposes ₹6.2 lakh penalty on Hinduja Leyland Finance for violations

Central bank cites lack of a board-approved policy on microfinance loan pricing and activities amounting to synthetic securitisation following an inspection

Sebi bars Trafiksol ITS, promoters from securities market for one year

Regulator imposes penalties totalling ₹1.05 crore over alleged lapses in the ₹44.87 crore SME IPO, including misleading disclosures and concealment of material facts

Deterrence beyond a slap on the wrist: Reimagining financial penalties

Fines on Indian financial institutions are a pittance. The enforcement regime must be reimagined, reports Raghu Mohan

Infosys fined €175,000 by French authority over work-hour tracking system

Infosys said in an exchange filing that it had received a communication from French labour authority DRIEETS lle-de-France, informing the company of a €175,000 penalty

Sebi imposes ₹1 crore penalty on CDSL for alleged cybersecurity lapses

The order added that the interconnectedness and interdependency of the depositories pose broader implications for cyber risk

RBI imposes penalties on Muthoot Finance, others for compliance violations

The Reserve Bank of India (RBI) on Friday announced that it has imposed monetary penalties on six companies, including non-bank lender Muthoot Finance, for non-compliance with various regulatory norms. The central bank imposed a Rs 5.80 lakh penalty on Muthoot Finance, Rs 3.10 lakh each on Satya MicroCapital and PAN Emami Cosmed, Rs 2.70 lakh each on Dhani Loans and Services and Muthoot Vehicle and Asset Finance, and Rs 6.20 lakh on Avail Financial Services, notifications said. Muthoot Finance was penalised for failing to put in place a system of periodic review of risk categorisation of accounts and non-deployment of robust software for effective identification and reporting of suspicious transactions, the RBI said. The monetary penalty on Avail Financial Services was imposed as the managing director of the company held directorship in two other NBFCs-Middle Layer, and the company had breached the regulatory single party exposure limit. The central bank imposed a monetary penalty

RBI's penalties on regulated entities at 5-year low of ₹26.33 crore in FY26

RBI's penalties on regulated entities fell to a five-year low of ₹26.33 crore in FY26, with enforcement action taken against 241 entities

Vedanta faces ₹233 crore notice over 'illegal' river water extraction

Odisha alleges unauthorised extraction from Bheden river for nearly a year; Vedanta denies wrongdoing, says assessment is flawed and operations comply with norms

Sebi slaps ₹10 lakh penalty on Coffee Day for financial misstatements

Sebi has fined Coffee Day Enterprises and nine individuals for alleged financial misstatements, stating the company understated losses by not accounting for over ₹489 crore in interest expenses

RBI fines Bank of Maharashtra, Navi Finserv, CSB Bank for non-compliance

The Reserve Bank of India (RBI) on Friday imposed monetary penalties on Bank of Maharashtra, DCB Bank and CSB Bank for non-compliance with directions. The central bank imposed Rs 32.50 lakh fine on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on CSB Bank, RBI said in a release. The RBI also penalised Navi Finserv with Rs 3.80 lakh, and slapped a Rs 5.30 lakh fine on IIFL Finance, the release added. The monetary penalty on the Bank of Maharashtra was imposed, as the lender did not report Self Help Group member-level data to credit information companies and did not identify beneficial owners in certain accounts. CSB Bank was penalised as it entered into an arrangement with business correspondents for undertaking activities outside the scope of activities that can be undertaken by them, and levying charges in certain savings bank accounts without ensuring that customers were made aware of such charges upfront, the RBI said. In the case of DCB Bank, the RBI found

Budget 2026: Govt introduces penalty framework for crypto trading entities

The Union Budget 2026-27 proposes a penalty framework for crypto-asset reporting, including daily fines for non-filing and a flat ₹50,000 penalty for inaccurate disclosures, effective April 1, 2026

Budget 2026 softens penalty, prosecution norms for individual taxpayers

Budget 2026 signals a shift towards trust-based taxation by easing penalties, limiting prosecution for small and technical lapses

61% airline travellers say DGCA penalty on IndiGo not sufficient: Survey

The DGCA imposed a record penalty of ₹22.20 crore on IndiGo for regulatory non-compliance, mainly linked to failures in implementing revised Flight Duty Time Limitation (FDTL) norms

IndiGo loses appeal against DGCA penalty order over pilot training lapses

IndiGo on Friday said an appellate authority has rejected its appeal against regulator DGCA's penalties on two senior executives of the airline for alleged failure to use qualified simulators for pilot training at certain airports. In September last year, the Directorate General of Civil Aviation (DGCA) imposed a fine of Rs 20 lakh each on the Director Flight Operations and Director Training of IndiGo. The DGCA Appellate Authority, through an order dated January 7, has dismissed the appeal. "The matter has been disposed of by reinstating the penalty of Rs 20 lakh each on the Director Flight Operations and Director Training of the company," IndiGo's parent InterGlobe Aviation said in a filing to BSE. The watchdog had imposed the penalty for the airline's alleged failure to use qualified simulators for pilot training at Category C aerodromes. Generally, pilots require additional training for operating flights to and from Category C airports as they might have operational ...

Sebi drops adjudication proceedings against Nuvama Wealth and Investment

Regulator finds lapses not serious enough for penalty

Aviation watchdog slaps ₹20 lakh fine on IndiGo for training lapses

IndiGo parent InterGlobe Aviation said it is in the process of contesting the order before an appellate authority and that there has been no material impact on its financials due to the DGCA order