Fine

Reviewing SC decision, will cooperate with CCI on way forward: Google

The Supreme Court on Thursday declined to entertain a plea by Google challenging a NCLAT order, which refused to stay operation of the CCI order imposing Rs 1337.76 crore fine

Western Railways collect Rs 135.58 cr as fines from April to Dec 2022

Western Railways informed on Thursday that they collected an amount of Rs. 135.58 crores as fines during several ticket-checking drives from April to December 2022."The highly motivated ticket-checking team under the supervision of senior commercial officers of Western Railway organized several ticket-checking drives during the period from April to December 2022, thereby recovering an amount to the tune of Rs. 135.58 crores," WR informed in a press release."In order to ensure hassle-free, comfortable travel & better services to all passengers over Western Railway, intensive ticket checking drives which were being carried out continuously over Mumbai suburban local services, Mail/Express as well as passenger trains and holiday special trains so as to curb the menace of ticketless/irregular passengers," it said.Western Railway also urged to the general public to travel with 'proper and valid tickets'.According to the press release issued by Sumit Thakur, chief public relations ...

Tesla fined $2.2 mn in S Korea for alleged violations of advertising law

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars as well as the estimated savings on fuel costs by using its vehicles

Sebi imposes Rs 75 lakh fine on ICCL, NCL in Karvy Stock Broking case

Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 lakh on NSE Clearing Corporation. The order came after market watchdog initiated adjudication proceedings against ICCL and NSE Clearing Corp for alleged violation of provisions of Sebi's early warning mechanism (EWM) circular issued on December, 2018. Under the EWM circular, alerts triggered at one stock exchange / clearing corporation/ depository through early warning mechanism shall be immediately shared with other stock exchanges / depositories with respect to the stock broker / depository participant. It was observed that National Securities Depository Limited (NSDL) sent various alerts pertaining to KSBL to ICCL and NCL during February-November 2019. ICCL and NCL were required to .

LTA fined $1 million by ATP over ban of Russian players from summer events

The Lawn Tennis Association was fined $1 million by the ATP men's professional tour on Wednesday for banning players from Russia and Belarus from its grass-court events this summer. The governing body of British tennis banned the players from five Wimbledon warm-up tournaments following Russia's invasion of Ukraine. The ATP, which oversees men's tennis outside of the Grand Slams, also warned the LTA it could lose its membership in the organization if it repeats the ban. We stand by our original position on this matter, that unilateral decision-making by members of the ATP Tour threatens our ability to operate as a global sport," the ATP said in a statement. "We believe that the measures taken protect the long-term future of our game and its commitment to merit-based participation, without discrimination, for individual athletes. We have no further comment. The LTA said it deeply disappointed with the tour's action. The ATP, in its finding, has shown no recognition of the exceptio

Fine of nearly Rs 34 lakh imposed on NCFSC group of institution: Officials

A hefty penalty of nearly Rs 34.05 lakh has been imposed NCFSC group of institution by the state's educational commission for violating the regulations of a teacher education programme, officials said. Seventeen institutions have admitted students in two years Diploma in Nursery Teacher Training (DNTT) and one-year Nursery Teacher Training (NTT) courses after getting affiliation from NCFSC in violation of Regulations on National Council of Teacher Education (NCTE), the officials said. Declaring the admissions as invalid, the double bench of the Himachal Pradesh Private Educational Institutions Regulatory Commission (HPPEIRC), comprising Chairman and member, Major General (Retd) Atul Kaushik and Sashi Kant Sharma directed the erring 17institutions to refund the fee with nine per cent interest. The HPPEIRC imposed a penalty of Rs 34,05,480 on the NCFSC group of institutions, kaushik said. The fee charged for DNTT and NTT course was Rs 38,940 and Rs 24,780 and the total fee recovered

Late payment rule doesn't apply to pvt unaided institutions in Delhi: HC

The Delhi High Court has said provisions of the Delhi School Education Rules which state a school cannot charge fine in excess of five paise a day for late payment of fees, does not apply to private unaided schools here. The order was passed by a bench of justices Vibhu Bakhru and Amit Mahajan on a petition by the Action Committee Unaided Recognised Private School, an umbrella association of more than 500 private unaided schools in Delhi. The petitioner had assailed a February 2013 order of the Directorate of Education (DoE) holding that in terms of rule 166 under Chapter XIII of of the Rules, a private unaided school here cannot charge any fine in excess of five paise per day on account of late payment of fees by a student. The petitioner, represented by advocate Kamal Gupta, also sought a direction that the rules contained in Part B, which contained rules 166, of Chapter XIII of the Rules do not apply to private unaided recognised schools. Setting aside the DoE order, the court s

Karnataka HC orders KSTDC to pay fine of Rs 2 lakh to contractor for delay

The High Court of Karnataka has ordered the Karnataka State Tourism Development Corporation (KSTDC) to pay the pending bill of Rs.34,85,179 with an interest of 12 per cent to a Class I Contractor and also a fine of Rs.2,00,000 for delay in clearing the bills. The contractor had completed the building in 2014 and was paid Rs.1,46,56,901 during the course of construction. But the last bill of Rs.34,85,179 was still not paid till he approached the HC in 2018. The HC judgement came on September 3, 2022. "This is a fit case for levy of exemplary costs for the ill-treatment meted out to the scrupulous citizen who had done the work for the State entities. A message should loudly go to the quarters that be, that the courts would not tolerate indolence on the part of the public bodies when interest of the citizen is put to peril," the HC said. The HC said, the KSTDC should be made to pay a cost. This court is of the considered opinion that the second respondent-Corporation should be saddled

MCA mulls imposing fines on unicorns over delay in filing financials

Swiggy had delayed its FY21 result filing by 11 months and Ola Electric was at least 13 months late in filing the financials with the RoC

Sebi imposes Rs 3 lakh fine on CB Management Services for non-compliance

Markets regulator Sebi has imposed a penalty of Rs 3 lakh on CB Management Services for delaying the process of issuance of duplicate shares and failing to process transmissions of stocks within the time limit. Also, it had not maintained signature records of shareholders in certain companies. CB Management Services, Registrar to an Issue and Share Transfer Agent, has been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in an order on Tuesday. The capital markets regulator conducted an inspection of CB Management Services' activities as a Registrar to an Issue and Share Transfer Agent from April 2017 to March 2019. In its order, Sebi's Adjudicating Officer N Hariharan found, "the noticee (CB Management Services) has not maintained signature records of the shareholders, more than 150 instances of violations of timelines for instances of duplicate shares and nine instances of delay in the processing of transmission of shares". By doing so

NGT slaps fine on Ansal Properties & Infrastructure for green violations

The National Green Tribunal (NGT) has imposed a cost of Rs 153.50 crore on Ansal Properties & Infrastructure Ltd (APIL) for various environmental violations by its project at Sushant Lok Phase-I, Gurgaon.

Warning for plastic ban violation till Jul 10; action include jail: Rai

The government will give top priority to creating awareness against the use of SUP items and providing their alternatives to people, Environment Minister Gopal Rai said.

NMDC cuts prices of lump ore by Rs 1,100 per tonne, fines by Rs 1,000

The revised prices are effective from June 5, 2022, and exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company s

Rs 10 lakh per day fine if delay in Noida Airport project, says UP minister

A fine of Rs 10 lakh per day will be levied on the developer of the upcoming Noida International Airport if there is a delay in the completion of the project, Minister Nand Gopal Gupta 'Nandi' said

Donald Trump must pay $110K, meet conditions to end contempt: NY Judge

Engoron declared Trump in contempt on April 25 and fined him $10,000 per day for not complying with a subpoena in NY Attorney General Letitia James' long-running probe into Trump's business practices

Paytm Mall, Snapdeal fined Rs 100,000 each over faulty pressure cookers

The CCPA imposed of Rs 1 lakh fine each on Paytm Mall, Snapdeal for selling non-standard pressure cookers and asked them to recall sold items as well as reimburse the amount paid by consumers

NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market

Capital markets watchdog Sebi on Monday imposed a penalty of Rs 6 lakh on Parwati Capital Market Pvt Ltd in the NSE co-location case

Sebi levies Rs 40 lakh fine on B P Equities, others for violation of norms

Sebi levied a total fine of Rs 40 lakh on B P Equities Pvt Ltd, Jamson Securities Pvt Ltd and an individual for violation of market norms while dealing in the scrip of Ruchi Soya Industries Ltd

Brazil coach is fined $5,000 for criticizing troubled Copa America

CONMEBOL fined Brazil coach Tite $5,000 for criticizing the organization of the Copa America. The sanction came less than a week after a Bolivia player was also sanctioned for attacking the tournament, which is taking place amid a growing COVID-19 pandemic in the region after the two original hosts, Colombia and Argentina, were withdrawn. Tite said in a news conference on June 12 that the Copa America was shifted to his country in a confusing manner." CONMEBOL named Brazil as host less than two weeks before the tournament kicked off. The Brazilian Football Confederation cannot appeal the decision against Tite, CONMEBOL said. Eduardo Gross Brown, the president of CONMEBOL's disciplinary commission, added that Tite could suffer new penalties if he criticizes the tournament organizers again. Tite criticized the organization on Wednesday after Brazil's last-minute 2-1 victory against Colombia in Rio de Janeiro. I am not going to call this pitch horrible, but it is very bad to play s

Construction firm fined Rs 77 cr for illegal soil extraction in Maharashtra

A penalty of Rs 77 crore has been imposed on a private construction company for allegedly extracting 'murum' soil and stones illegally from various sites here in Maharashtra