Regulatory Compliance News - Latest Updates & Headlines
PwC winding up operations in over a dozen countries to avoid scams: FT report
New Delhi, April 16: PwC has wound up operations in more than a dozen countries that the top management considers risky or unprofitable, as the global audit giant aims to avoid scandals that have recently hit its accounting network, according to media reports on Wednesday.
Maharashtra govt issues notice to Ola Electric over missing trade certificates
Pune, April 4: The Maharashtra government has issued a notice to Ola Electric Mobility Limited, asking the company to explain why some of its stores in the state are operating without valid trade certificates.
5 officials settle case with SEBI over regulatory violations, pay Rs 95.55 lakh
Mumbai, March 6: Five current and former officials of Add-Shop E-Retail Limited (ASERL) and White Organic Agro Limited (WOAL) on Thursday settled a case with the Securities and Exchange Board of India (SEBI) regarding alleged violations of regulatory norms.
Paytm to resolve FEMA allegations linked to Little Internet & Nearbuy; transactions largely before acquisition
Mumbai, March 1: Paytm, a major player in the digital payments and financial services ecosystem, has said it will seek resolution of alleged FEMA contraventions related to two acquired subsidiaries -- Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL). The company in an exchange filing clarified that certain alleged contraventions are attributable to these subsidiaries for transactions during a period before they became part of Paytm.The allegations stem from a show cause notice (SCN) received by Paytm from the Directorate of Enforcement (ED) on February 28, 2025, related to alleged violations under the Foreign Exchange Management Act, 1999 (FEMA) for transactions between 2015 and 2019, the filing added. Paytm stated that it is seeking legal advice and evaluating appropriate remedies through available regulatory processes.
India's insurance market poised to reach $222 bn by 2026, growing at 17% CAGR: Report
New Delhi, February 18: India's insurance sector has witnessed significant growth and development over the past few years with the domestic insurance market grown at a CAGR of 17 per cent over the last 2 decades and is expected to reach a size of USD 222 billion by 2026, according to Teamlease Regtech report.
Paytm Money pays Rs 45.5 lakh fine to SEBI over regulatory lapses
Mumbai, Feb 13: The Securities and Exchange Board of India (SEBI) on Thursday passed a settlement order against Paytm Money after the company paid Rs 45.5 lakh to resolve allegations of regulatory violations.