SEBI
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...
SEBI Proposes IT Resilience Index For Market Infrastructure Institutions, Invites Public Comments
The Securities and Exchange Board of India (SEBI) on Wednesday issued a consultation paper proposing an IT Resilience Index for Market Infrastructure Institutions to periodically assess the health of their IT systems.SEBI noted that IT systems of MIIs are the cornerstone of their smooth and uninterrupted functioning, and creation of such an index would provide insights to the management and oversight committees on system health and possible areas of improvement.The proposed framework aims to...
SEBI Bars 4 Entities From Securities Market For 2 Years, Orders ₹2.64 Crore Disgorgement In Sarvottam Front-Running Case
The Securities and Exchange Board of India (SEBI) has held four entities guilty of front-running trades of Sarvottam Securities Pvt Ltd. The regulator ordered disgorgement of Rs 2.64 crore, barred them from the securities market for two years, and imposed a penalty of Rs 5 lakh each.SEBI's quasi-judicial authority, N. Murugan, found that a dealer at Findoc Investmart Pvt. Ltd. had misused access to non-public information regarding impending orders of the client to execute trades in...
SEBI Allows Cost Accountants To Conduct Annual Audit Of Research Analysts, Investment Advisers
The Securities and Exchange Board of India on Wednesday clarified that members of the Institute of Cost Accountants of India are eligible to conduct annual audits of Research Analysts and Investment Advisers.Referring to its Master Circulars dated February 6, 2026, the regulator noted that earlier provisions permitted only members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India to conduct such audits.Considering representations and recognition...
SEBI Postpones Implementing Intraday Borrowing Norms For Mutual Funds To 15 July Amid AMC Challenges
Today, the Securities and Exchange Board of India (SEBI) deferred the implementation of guidelines on intraday borrowing by mutual funds to 15 July 2026, citing operational challenges faced by asset management companies. The circular, issued as an addendum to SEBI's earlier circular dated 13 March 2026 on borrowing by mutual funds, noted that intraday borrowing norms were specified under clause 5.9.1 of the Master Circular. To address operational difficulties raised by AMCs, SEBI has postponed...
SEBI Proposes Introduction Of Gift Cards For Mutual Fund Subscriptions To Boost Investor Participation
The Securities and Exchange Board of India (SEBI) has proposed allowing Gift Card and Gift Prepaid Payment Instruments (PPIs) to be used for subscribing to mutual fund units. In a consultation paper dated 23 March 2026, it stated that “Gift Card/ Gift PPI is expected to improve financial inclusion through onboarding of new investors in the mutual fund space.” SEBI explained that a purchaser can gift a Gift Card or Gift PPI to a recipient, who can then use it to subscribe to mutual fund units....
SEBI Board Approves Key Reforms For AIFs, Reduces Social Impact Fund Investment Threshold To ₹1000
In a recent press release, the Securities and Exchange Board of India (SEBI) stated that in a meeting held on 23 March 2026, its Board approved multiple measures to enhance ease of doing business, strengthen regulatory frameworks, and improve governance. The Board approved proposals to amend the SEBI (Alternative Investment Funds) Regulations, 2012 to allow alternative investment funds (AIFs) to retain liquidation proceeds beyond the completion of their tenure. It permits tagging certain AIFs...
SEBI Relaxes Reporting Norms For Stock Brokers, Removes Requirement To Report Demat Accounts
The Securities and Exchange Board of India (SEBI) on Monday issued a circular introducing ease of doing business measures by relaxing reporting requirements for stock brokers, including doing away with the requirement for brokers to report their own demat accounts to stock exchanges The circular amends provisions relating to enhanced supervision of stock brokers and depository participants under para 15 of the Master Circular for Stock Brokers dated June 17, 2025. Under the existing framework,...
SEBI Amends ICDR Regulations, Revises Disclosure Requirements For Abridged Prospectus
The Securities and Exchange Board of India (SEBI) has amended the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, by notifying the SEBI (ICDR) (Amendment) Regulations, 2026, on 16 March.Under the amended regulations, a draft abridged prospectus must be submitted along with the offer documents and filed with SEBI and the stock exchanges. The abridged prospectus is required to be made available on the websites of the issuer, SEBI, stock exchanges, and lead managers, and must...