The Securities and Exchange Board of India has resolved cases with 29 venture capital funds. These funds faced allegations of violating securities laws. They have agreed to pay a total of approximately ‘2 crore. The settlements address non-compliance with older rules regarding venture capital funds. This involved holding investments beyond the permitted liquidation period.
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade