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...

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...