SEBI Proposes Uniform 75% Investor Consent Threshold For AIFs

The Securities and Exchange Board of India (SEBI) on Tuesday proposed a uniform approval threshold of 75% investor consent by value for decisions under the Alternative Investment Funds (AIF) framework that require investor approval. The proposal is part of a consultation paper aimed at simplifying investor consent requirements and tightening rules governing conflict-of-interest transactions. The regulator said the existing framework prescribes different approval thresholds for different...

SEBI Forms Expert Panel Under Former WTM, Former SBI Chairman To Review Debenture Trustee Framework

The Securities and Exchange Board of India (SEBI) on Tuesday constituted an Expert Working Group to review the existing regulatory framework governing debenture trusteeship activities and related matters.“Considering the evolving landscape of the Indian debt market and the increasing importance of Debenture Trustees in safeguarding the interests of debenture holders, a need has been felt to undertake a comprehensive review of the regulatory framework governing Debenture Trusteeship activities to...

SEBI Cancels Registration Of 15 Research Analysts Over Non-Payment Of Renewal Fees

The Securities and Exchange Board of India (SEBI) on Tuesday cancelled the certificates of registration of 15 research analysts for failure to pay the mandatory renewal fees under the SEBI (Research Analysts) Regulations, 2014.The order was passed by SEBI's Chief General Manager Soma Majumder. SEBI initiated summary proceedings against the noticees over non-payment of renewal fees.The regulator noted that as per the SEBI (Research Analysts) Regulations, every registered research analyst is...

SEBI Fines Exfinity Venture Partners, Vistra ITCL ₹10 Lakh Each For AIF Rule Violations

The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹10 lakh each on Exfinity Venture Partners LLP and trustee Vistra ITCL (India) Limited for multiple violations of the SEBI (Alternative Investment Fund) Regulations, including failing to wind up an alternative investment fund (AIF) scheme within the prescribed timeline. Adjudicating Officer Jai Sebastian passed the order. Rejecting the investment manager's defence that the scheme was continued beyond its tenure to...

SEBI Relaxes Certification Norms For Investment Advice Sales Staff, Introduces New NISM Exam

The Securities and Exchange Board of India (SEBI) on Wednesday relaxed certification requirements for Persons Associated with Investment Advice (PAIA) who perform only sales and other non-core services, allowing them to obtain a separate certification instead of clearing the two examinations prescribed for investment advisers. Under the existing framework, PAIA were required to obtain certification from the National Institute of Securities Markets (NISM) by passing the NISM Series X-A...

SEBI Proposes Common Advertisement Code For Regulated Entities, Invites Public Comments

The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing a Common Advertisement Code for specified SEBI-regulated entities. The objective is to create a uniform advertising framework across intermediaries and strengthen investor protection. The proposed framework would apply to entities including stock brokers, depository participants, investment advisers, research analysts, mutual funds, portfolio managers and online bond platform providers. SEBI noted that...

SEBI Proposes Single Master Circular For Exchanges, Separate Framework For Clearing Corporations

On 22 June, the Securities and Exchange Board of India (SEBI) announced a comprehensive review of its Master Circulars governing stock exchanges, clearing corporations, and commodity derivatives, aimed at simplifying compliance requirements for securities market participants. SEBI said the exercise seeks to simplify content, remove redundancies, streamline periodic filings, and consider stakeholder suggestions. As part of the initiative, the Board issued four consultation papers covering...

SEBI Launches Securities Market TechSprint To Tackle Market Challenges Through Innovation

The Securities and Exchange Board of India (SEBI) has launched the Securities Market TechSprint at the Global Fintech Fest 2026 to encourage the development of technology-driven solutions to challenges in India's securities market. The initiative, launched in collaboration with market infrastructure institutions and industry bodies, is themed “Innovation in Action: Shaping Securities Market for Tomorrow.” The TechSprint invites innovators to develop technology solutions for challenges such as...

SEBI Board Approves Open Market Buy-Backs, Mutual Fund Intraday Borrowing

The Securities and Exchange Board of India (SEBI) on Friday approved a range of measures, including the reintroduction of open market buy-backs through stock exchanges, intraday borrowing by mutual funds, and a simplified framework for transmission of securities. The decisions were taken at the 214th meeting of the SEBI Board held in Mumbai. The regulator also approved a faster processing mechanism for Alternative Investment Funds (AIFs), changes relating to municipal bonds and securitised debt...

SEBI Proposes Major Overhaul Of MTF Framework, Raises Broker Net-Worth Requirement To ₹5 Crore

On Thursday, 18 June, the Securities and Exchange Board of India (SEBI) proposed a comprehensive overhaul of the Margin Trading Facility (MTF) framework, including an increase in the minimum net worth requirement for stock brokers offering MTF from Rs. 3 crore to Rs. 5 crore, as part of measures to strengthen risk management. In a consultation paper, SEBI said the review stems from rising MTF trading volumes and aims to tighten risk controls while improving ease of doing business. Among the...

HDFC Property Fund, HDFC Capital Advisors Settle Proceedings Over Delayed Winding Up Of Venture Capital Schemes

HDFC Property Fund and HDFC Capital Advisors Limited have settled proceedings before the Securities and Exchange Board of India (SEBI) by paying ₹26.01 lakh in a matter concerning the delayed winding up of two venture capital fund schemes. The settlement order was passed by SEBI Whole Time Members Amarjeet Singh and Kamlesh C. Varshney after the entities filed suo motu settlement applications under the SEBI (Settlement Proceedings) Regulations, 2018. The applicants proposed to settle the matter...

SEBI Warns Investors Against Trading Unlisted Shares On Unauthorised Platforms

The Securities and Exchange Board of India (SEBI) has cautioned investors against trading securities of unlisted public limited companies through unauthorised electronic platforms and websites.In a press release issued on Tuesday, SEBI said it had come to its notice that certain electronic platforms and websites were facilitating transactions and trading in securities of unlisted public limited companies.It stated that press releases were earlier issued cautioning investors against conducting...