SEBI Simplifies Mutual Fund Transmission Process For Legal Heirs, Nominees

The Securities and Exchange Board of India (SEBI) has announced investor-friendly measures to simplify the process of transferring mutual fund investments to legal heirs or nominees after the death of a unit holder.In a press release issued on Friday, SEBI said it had advised the Association of Mutual Funds in India (AMFI) to further simplify the standards governing the procedure for claiming units or proceeds upon the death of a unit holder. Following SEBI's advice, AMFI amended the...

SEBI Cautions Listed Companies, Regulated Entities Against 'Boss Scam'

The Securities and Exchange Board of India (SEBI) on Friday cautioned regulated entities and listed companies against an emerging cyber fraud known as the "Boss Scam" or CEO/Managing Director impersonation fraud, after the Indian Cyber Crime Coordination Centre (I4C) alerted the market regulator to the trend. SEBI said the fraud involves cybercriminals impersonating Chief Executive Officers, Managing Directors and other senior officials through email, WhatsApp, Microsoft Teams and other social...

SEBI Extends SWP, STP Standing Instruction Facility To Mutual Fund Units Held In Demat Form

The Securities and Exchange Board of India (SEBI) has extended the facility of creating standing instructions for Systematic Withdrawal Plans (SWPs) and Systematic Transfer Plans (STPs) to investors holding mutual fund units in demat form, a move aimed at facilitating ease of doing business. The circular, issued on Friday, requires depositories to implement the framework in two phases and designates them as the nodal facilitators for its rollout. At present, mutual fund investors can create...

Nippon India AIF Entities Settle SEBI Case Over Alleged AIF Regulations Violations

Nippon India Event Opportunities Trust, Nippon Life India AIF Management Limited and several of its key managerial personnel have settled a case with the Securities and Exchange Board of India (SEBI) by paying ₹14.66 lakh over alleged violations relating to the manager's and sponsor's continuing investment in an alternative investment fund. The settlement order was passed by SEBI Whole Time Members Kamlesh C. Varshney and K.V.R. Murty.The proceedings arose from SEBI's examination of the...

SEBI Relaxes Investment Restrictions For Spouses' ESOPs Under Amended Employees' Service Regulations

The Securities and Exchange Board of India (SEBI) on 7 July amended its Employees' Service Regulations to exempt employee stock options (ESOPs) received by the spouses of SEBI employees through their employment from the investment restrictions applicable to employees' family members. Under the amended regulations, such ESOPs will not be treated as restricted investments held by family members of SEBI employees. The regulations also clarify that inadvertent violations by a spouse or dependent...

SEBI Prescribes Conditions and Limits For Intraday Borrowings By Mutual Funds

The Securities and Exchange Board of India (SEBI) on Friday issued a revised framework governing the intraday borrowing facility availed by mutual funds. The circular will come into effect from September 1, 2026. The circular follows SEBI's amendment to the SEBI (Mutual Funds) Regulations, 2026 permitting intraday borrowings by mutual funds. It supersedes the guidelines on borrowings of mutual funds contained in the SEBI Master Circular for Mutual Funds dated March 20, 2026 and the SEBI Circular...

SEBI Replaces Annual Custodian Fee Regime With Monthly Payments, Effective October 1 2026

The Securities and Exchange Board of India (SEBI) on 3 July notified the SEBI (Custodian) (Amendment) Regulations, 2026, replacing the existing annual fee mechanism for custodians with a monthly fee payment system. The amendments will come into force on 1 October 2026. Under the amended regulations, custodians will pay Rs. 85,000 per month or 0.0000416 per cent of their assets under custody, whichever is higher, instead of the existing annual fee of Rs. 10 lakh or 0.0005 per cent of assets...

SEBI Allows Depositories To Use 5% of IPF Investment Income For Administrative Expenses

The Securities and Exchange Board of India (SEBI) on Tuesday allowed depositories to utilise up to 5% of the annual interest or income earned from Investor Protection Fund (IPF) investments towards specified administrative and statutory expenses. This replaces the existing requirement that the entire interest or income earned from such investments be treated as part of the IPF corpus.The revised norms will come into effect from September 1, 2026. SEBI said the review was undertaken after...

SEBI Tightens Buyback Framework, Introduces 15% Limit On Stock Exchange Route From 1 August

The Securities and Exchange Board of India (SEBI) on 1 July notified the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2026, introducing changes to the framework governing share buybacks. The amendments will come into effect from 1 August 2026. The amendments cap stock exchange buybacks at less than 15% of a company's paid-up capital and free reserves. SEBI has also restricted companies from making another buyback offer within the period prescribed under the Companies Act, 2013, from...

SEBI Revises Framework For Clients' Unpaid Securities Held By Trading Members

The Securities and Exchange Board of India (SEBI) on 25 June amended the framework governing the handling of clients' unpaid securities by Trading Members, citing regulatory developments and operational challenges under the existing regime. SEBI said regulatory changes, including the mandatory pay-out of securities to clients' demat accounts, and evolving market practices necessitated a revision of the framework. It also took into account stakeholder representations highlighting implementation...

SEBI Launches Settlement Helpdesk To Assist Applicants In Filing Settlement Applications

The Securities and Exchange Board of India (SEBI) has introduced a Settlement Helpdesk Facility aimed at assisting applicants and prospective applicants with the procedural aspects of filing settlement applications.In a press release issued on July 1, SEBI stated that the helpdesk would address settlement-related queries and guide applicants through the procedure for filing settlement applications.The regulator said the facility would help applicants file settlement applications, calculate the...

SEBI Fines A Holiday Club Company's Directors ₹1.10 Crore For Unregistered Collective Investment Scheme

The Securities and Exchange Board of India (SEBI) has imposed a ₹1.10 crore penalty on four directors of Citrus Check Inns Limited, a holiday club company that marketed holiday plans. The regulator held that the company operated an unregistered collective investment scheme (CIS) and engaged in fraudulent and unfair trade practices.The order was passed by SEBI Adjudicating Officer N. Murugan against Omprakash Basantlal Goenka, Prakash Ganpat Utekar, Venkatraman Natarajan and Narayan Shivram...