PENALISED FOR MISLEADING

The Central Consumer Protection Authority has fined three coaching institutes Rs 15 lakh for misleading advertisements about their success rates in civil services exams. Vajirao & Reddy Institute and StudyIQ IAS were fined Rs 700,000 each, and Edge ...

Sebi on Tuesday slapped fines totalling Rs 12 lakh on seven entities, including LCC Infotech and its promoters -- Kirti Lakhotia, Sidharth and Pratik Lakhotia -- for misrepresenting the financial statements of the company.

New guidelines require eco-friendly product claims to be substantiated or companies will face penalties for misleading advertising. These rules apply to manufacturers, service providers, traders, advertising agencies, and endorsers. Companies must v...

Companies claiming to be eco-friendly must disclose the basis of such claims or face penalties for misleading advertising. Manufacturers, traders, and service providers are included, and all claims must be substantiated, ensuring transparency and in...

Fine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepresenting the financials of the company. Kwality went into insolvency process in December 2018 and was acquired b...

The consumer affairs ministry's guidelines advise celebrities and influencers to review and satisfy themselves that the advertiser is in a position to substantiate the claims made in ads, and recommends that the endorser use the product or service. ...

The regulator intends to accuse Stephen Ehrlich of breaking its rules by misleading customers about the safety of their assets following a probe into Voyager's conduct, the report added, citing people familiar with the matter.

Food regulator FSSAI on Friday said there are 32 new cases where food business operators (FBOs) have been prima-facie found in violation of misleading advertisements and claims. FSSAI has referred the matter to licensing authorities concerned to iss...

"This is also a fit case where SEBI needs to send a stern message to professionals who associate themselves with securities market so as to prevent them from indulging in such acts of omissions and commissions as found in this case," Sebi said.

The regulator conducted an investigation in the scrip of Global Infratech and Finance Ltd (GIFL) for the period December 2017 to February 2018 to ascertain any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.

The regulator found that Yadav and Agarwal received 4.6 lakh shares and 4.2 lakh shares off-market at a discount and simultaneously disseminated SMSes recommending buying the scrip of Covidh.Alokam, the director and promoter of the company, received...

UP's Prohibition of Unlawful Religious Conversion Ordinance, 2020, promulgated last week penalises mass conversions - defined by the ordinance as conversions of two or more persons. The punishment will be three to ten years in prison and at least Rs...

Celebrity endorsements through personal tweets, blogs, posts and other testimonials should be based on adequate information about or experience with the product or service being endorsed, according to the first draft of the advertising code released...

The regulator levied a penalty of Rs 18 lakh on 12 individuals, which needs to be paid jointly and severally.

Reasons for the penalty included publishing paid or false news, displaying obscene photographs, and carrying "inaccurate and disrespectful news reports".

NCLAT has rebuked ICICI Bank, for moving a default application against Starlog Enterprises at the National Company Law Tribunal, Mumbai Bench, with misleading claims.

A penalty of more than Rs 1 crore was cited at the meeting, headed by Finance Minister Arun Jaitley, as being an exemplary penalty.

COAI said Trai’s call-drop tests were limited and should not be compared with the standard quality of service benchmarks for the entire Delhi-NCR service area.

Desai points out that with the power of social media, people are quite vociferous in their views and use it well to let the celebrity know their displeasure.