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Ergo Update

SEBI Cracks Down on Unauthorised Gaming and Trading Platforms

Submitted by yvonne on Wed, 11/27/2024 - 21:01

The Securities and Exchange Board of India (SEBI) has issued an advisory on 4 November 2024 (2024 Press Release), cautioning investors against undertaking trading activities through unauthorised platforms offering virtual trading services, paper trading or fantasy games based on real time stock price data of listed companies.

Higher Penalty Recovery Likely: Tough Changes to the CCI’s Monetary Penalty Regulations

Submitted by yvonne on Thu, 11/14/2024 - 15:54

On 7 November 2024, the Competition Commission of India (CCI) released proposed amendments to the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011 (Recovery Regulations) for public comments. The amendments have been proposed with the aim of improving penalty recoveries by the CCI.