Former Additional Controller General Of Defence Accounts K.V.R. Murty Takes Charge As SEBI Whole-Time Member

Former Additional Controller General of Defence Accounts K.V.R. Murty has taken charge as Whole-Time Member of the Securities and Exchange Board of India (SEBI) in Mumbai. Murty brings over three decades of experience across national security and corporate affiars. Over the course of his career, he has held key financial advisory roles, including Principal Integrated Financial Adviser to the Indian Air Force and Financial Adviser to the Defence Research and Development Organization (DRDO). ...

SEBI Mandates NISM Certification For Social Impact Assessors

The Securities and Exchange Board of India (SEBI) on Monday said that Social Impact Assessors must obtain certification from the National Institute of Securities Markets (NISM) to continue working under its regulations. The regulator clarified that assessors have to pass the “NISM Series XXIII – Social Impact Assessors Certification Examination” and keep their certification valid. For renewing the certification, they can either take the exam again or complete the NISM Series XXIII – Social...

From ₹15 to ₹10,887: SEBI Flags Scheme To Inflate RRP Semiconductor Shares, Bars 39 Entities From Market

The Securities and Exchange Board of India has found what appears to be a coordinated scheme to artificially inflate the share price of RRP Semiconductor Ltd. It has restrained 39 entities from accessing the securities market and dealing in securities. Whole Time Member Amarjeet Singh, in an interim order dated April 10, 2026, said, “The magnitude and speed of the price rise, together with the absence of any positive change in financials/business plans of the Company, are strongly indicative of...

SEBI Introduces Three IT Platforms To Improve Communication, Enable E-Adjudication, Enhance Cyber Supervision

The Securities and Exchange Board of India has launched three new IT platforms to improve communication with external entities, digitally conduct quasi-judicial proceedings, and strengthen cybersecurity supervision of SEBI-regulated entities.Among the initiatives, SEBI introduced the Single Universal Platform for Communications (SUPCOMS) to streamline communication with external entities and enhance institutional memory. It replaces email-based interactions, ensures easy access to...

SEBI Cancels Wealthmax Solutions Investment Adviser Registration For Fee, NISM Certification, BASL Lapses

The Securities and Exchange Board of India (SEBI) has cancelled the registration of Wealthmax Solutions Investment Adviser (Proprietor: Piyush Jain) after finding that it failed to pay renewal fees, renew its mandatory NISM certification, and obtain BSE Administration & Supervision Limited (BASL) membership required to continue as an investment adviser. The order was passed by Designated Authority Vikas Sukhwal The market regulator noted that the renewal fees for the IA's registration,...

SEBI Cancels Basan Financial Services' Merchant Banker Registration For Multiple Regulatory Violations

The Securities and Exchange Board of India (SEBI) on 7 April 2026 cancelled the certificate of registration of Basan Financial Services Limited, a registered Merchant Banker, for multiple violations of regulatory provisions under the SEBI Act, 1992. The Quasi-Judicial Authority, Biju S, stated: “It is pertinent to note that the Noticee being a MB has to ensure compliance with all applicable regulatory provisions. In the present case, the Noticee has failed to adhere to fundamental requirements...

SEBI Operationalises Lock-In Mechanism For Pledged Shares Under ICDR Rules

The Securities and Exchange Board of India (SEBI) on Wednesday put in place a mechanism to ensure that pledged shares remain locked in during the required period under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.The regulator stated that as per its notification dated March 21, 2026, specified securities on which lock-in cannot be created may be recorded as “non-transferable” by depositories for the duration of the applicable lock-in period.To implement this,...

SEBI Extends IPO Approval Timelines, Relaxes MPS Penalties Till Sept 2026 Amid Geopolitical Tensions

The Securities and Exchange Board of India (SEBI) on Tuesday offered a one-time breather to companies planning to raise funds, as well as those falling short of public shareholding norms, pointing to geopolitical tensions in the Middle East and unsettled market conditions. To ease fundraising pressures, the regulator has extended the validity of its observation letters, the clearance required before launching public issues. These approvals, set to expire between April 1 and September 30, 2026,...

SEBI Proposes Reintroducing Open Market Share Buybacks Via Stock Exchanges

Nearly a year after scrapping the route over concerns of unfairness and tax disparity, the Securities and Exchange Board of India has proposed to reintroduce open market buy-backs of shares through stock exchanges, citing changes in the taxation framework that remove earlier disparities. In a consultation paper issued on April 2, 2026, the regulator has invited public comments on bringing back the method as an additional route under the SEBI (Buy-Back of Securities) Regulations, 2018. “The...

SEBI Bars Yash Trading Academy Proprietor For 2 Years For Unregistered Investment Advisory, PMS

The Securities and Exchange Board of India has barred Yash Garg, proprietor of Yash Trading Academy, from the securities market for two years and directed him to refund Rs 92.98 lakh collected from investors. The action was taken for carrying out unregistered investment advisory and portfolio management services while luring investors with false claims of assured returns.The order was passed by SEBI quasi-judicial authority N. Murugan. “The act of the Noticee and the course of business...

SBICAP Trustee Settles SEBI Case Over Lapses in JM Financial ARC NCD Issuances, Pays ₹23.45 Lakh

SBICAP Trustee Company Limited, a SEBI-registered debenture trustee, has settled adjudication proceedings over lapses in two JM Financial Asset Reconstruction Company NCD issuances by paying Rs 23.45 lakh without admission of liability.The allegations against SBICAP, inter alia, pertained to failure to create encumbrance on the security receipts through the depository system and lack of due diligence in obtaining necessary documents in respect of the security receipts offered as security by...

SEBI-Registered Brokers' Trading Apps To Show 'Verified' Label On Google Play Store To Curb Fraud

SEBI Chairman Tuhin Kanta Pandey on Wednesday unveiled a 'verified' label for stock trading apps of SEBI-registered brokers on the Google Play Store, a step aimed at helping investors distinguish genuine platforms from fraudulent ones. The decision comes against the backdrop of a growing number of fake trading applications that have been targeting retail investors. In several cases, scammers have impersonated legitimate apps and misled users into believing their money was being invested through...