Regulatory Action
Latest news, explainers and analysis on Regulatory Action. Tracking 4 stories on Arth Vani.
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Latest on Regulatory Action
IRDAI Fines Canara HSBC Life ₹1 Crore for Policy Mis-Selling
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on Canara HSBC Life Insurance Company. The fine was levied due to instances of policy mis-selling by the insurer.
IRDAI Fines ICICI Lombard ₹1 Crore for Outsourcing, Vendor Management Lapses
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on ICICI Lombard General Insurance Company. The fine was levied due to deficiencies found in the insurer's outsourcing and vendor management practices.
BreakingMaharashtra FDA Cancels 10 Ayurvedic Drug Licences Over Quality Violations
The Maharashtra Food and Drug Administration (FDA) has cancelled the manufacturing licenses of ten Ayurvedic drug makers following a statewide crackdown. Inspections revealed serious violations of quality control and manufacturing standards, with 135 other manufacturers receiving show-cause notices for non-compliance.
Sebi Order Halts Zee's ₹3,143 Crore Fundraising Plan
Zee Entertainment Enterprises' planned ₹3,143 crore fundraising is likely delayed after the Securities and Exchange Board of India (Sebi) issued an order restricting key individuals from accessing the securities market. The Sebi order prohibits them from dealing in securities for a specified period.
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