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    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
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    Good corporate governance central to India's development: Jitendra Singh
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August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.

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Corp. Laws / SEBI / IBC

eVoting Is Mandatory in Associations via an STQC-Certified and MCA-Approved eVoting Agency Like Right2Vote

October 30, 2025

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Mumbai, Maharashtra, India – Business Wire India It is widely known that the Ministry of Corporate Affairs (MCA), Government of India, has made it mandatory for listed companies to provide eVoting facility to their shareholders via an eVoting agency certified by the Standardisation Testing and Quality Certification (STQC) Directorate, Ministry of Electronics and Information Technology (MeitY), Government of India. However, very few people are aware that the same regulation requires all associations registered as a company, with more than 1000 members, to provide eVoting facilities to their members via a STQC-certified eVoting agency. This regulation also applies to not-for-profit associations structured as Section 8 (formerly Chapter 25 under the Companies Act 1956) companies. Many associations in India are not aware of this regulation and are not providing eVoting facilities to their members. This is a clear violation of the law, and these associations and their management committee can be held liable for penalties and punishment. Not providing eVoting facilities to members amounts to a denial of the right to vote to members. The objective of the said regulation is to protect the rights of small and marginal members and ensure that the organisation is run democratically. It aims to ensure that a few members are not able to monopolise the management of the organisation. If an association uses an eVoting agency which is not approved by MCA, the election would be considered invalid (void ab initio). This can lead to legal problems for the management committee and the association. Beware of fraudulent agencies which claim to be STQC certified There are a few fraudulent eVoting agencies in India which use the STQC logo without permission on their website; they fake a Cert-in empanelled agency certificate as an STQC certificate. There is another kind of fraudulent eVoting agency who have just done OWASP top 10 security testing, and has a certificate only for OWASP top 10 from STQC, but represents that they are a STQC-approved eVoting agency. It should be noted that an STQC-approved eVoting agency has to go through testing on more than 500 parameters, which include GIGW parameters, MCA parameters, Functional Testing, Security Testing, OWSAP top 10 testing, Cloud, network and application security testing, and VAPT testing. How to differentiate between approved agencies from fraudulent agencies The STQC website mentions the list of eVoting agencies tested and certified by them, the most prominent being Right2Vote. Also, after the STQC certificate, MCA issues an approval letter to such agencies. To avoid being defrauded by such fraudulent eVoting agencies, check the STQC website and also check for the MCA approval letter. Right2Vote Vs Others Although a couple of central securities depositories (CDS) are also certified by STQC and approved by MCA, the best eVoting agency for association elections in India is Right2Vote. Right2Vote is the best eVoting software for association elections due to the following reasons: 1. Features-rich and customizable: These central securities depositories’ eVoting platform was created for shareholder voting and has features suited for shareholder voting only. Right2Vote’s eVoting platform provides many advanced security and transparency features, including Secret Ballot, Audit Trail, Voter Receipt, Two-Factor Authentication, Team/Committee Elections, Weighted Votes, Candidate picture on the ballot page, Face Recognition and Voter Selfie. The election can be customised based on the nature of the election and the requirements of the specific association. 2. 24*7*365 support: Right2Vote provides 24*7*365 support for creating and managing elections. Even urgent requirements or last-minute requirements for eVoting are accommodated by Right2Vote. 3. Manages more than 3000 elections every year across sectors: The Right2Vote platform is flexible and feature-rich, enabling the management of 600 different kinds of elections. Right2Vote has been conducting eVoting for more than 10 years and manages more than 3000 elections every year across Trade Associations, Professional Associations, Resident Welfare Associations (RWA), Not-For-Profit Associations, Employee Associations, Companies, Cooperatives, Colleges, Clubs, Unions, Societies, Trusts, NGOs, etc. 4. Certified by STQC and approved by MCA three times in the last 7 years: Right2Vote platform has been certified, tested and approved by STQC, MeitY and MCA, not once but 3 times in 7 years. The most recent is in 2025. MCA requires the testing and certification to be renewed every three years. 5. Real Secret Ballot: Many elections, especially management committee elections in an association, require a Secret Ballot. A Secret Ballot is required, as without it, there is a risk of coercion. Candidates might trouble voters if they discover the voter's voting choice. Most eVoting platforms do not have a true secret ballot feature. They store the individual vote preference data on their system. They claim a secret ballot via encryption. However, encrypted data can be decrypted by the management of the voting agency. Right2Vote is the only agency that offers a true secret ballot. In Right2Vote, the individual voter's vote preference is not stored in the system, and therefore, there is no chance of any leakage or coercion. 6. Cloud-hosted and secure: Right2Vote offers a cloud-hosted eVoting platform which is 100% secure. Cloud-based redundancy ensures that data is secure even in the case of climatic disasters or other disasters. Right2Vote is tested and certified by Cert-in empanelled agency for cloud security, network security, application security and Vulnerability Assessment and Penetration Testing (VAPT). 7. Awards: Right2Vote has been awarded for its eVoting technology by Microsoft, Facebook, IIT Bombay, IIM Calcutta, NASSCOM and many others The said regulation does not make eVoting mandatory for associations with fewer than 1000 members and associations not registered as companies. However, it is recommended for all associations to provide eVoting facilities to their members to ensure wider participation and protection of minority rights. Also, it is in the interest of all associations to conduct eVoting only via an STQC-certified and MCA-approved eVoting agency like Right2Vote to ensure accuracy, higher participation, 100% security and transparent elections. Providing eVoting facility to members increases member participation substantially, leading to more democratic results. To View the Image, Click on the Link Below: Right2Vote is a STQC certified and MCA approved eVoting Software for associations (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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