SEBI Penalises OnePaper Research Analysts ₹30 Lakh For Failing To Monitor Employee Communications

The Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of ₹30 lakh on Bengaluru-based OnePaper Research Analysts Private Limited. The regulator found that the firm failed to maintain adequate controls over employee communications with clients and did not ensure compliance with regulatory requirements governing research analysts. The order was passed by Adjudicating Officer Amit Kapoor following proceedings arising from an inspection covering the period between April...

SEBI Allows AIFs To Retain Proceeds Beyond Fund Life For Litigation, Tax Demands, Other Liabilities

The Securities and Exchange Board of India (SEBI) on Tuesday issued fresh guidelines governing the winding up of Alternative Investment Funds (AIFs), including the retention of proceeds beyond the permissible fund life and the introduction of an "Inoperative Fund" framework. The circular permits AIFs to retain liquidation proceeds beyond their permissible fund life to meet liabilities arising from pending litigation, tax or regulatory demands, anticipated liabilities arising from possible...

SEBI Revises ETF Trading Norms, Introduces Dynamic Price Bands For Equity, Debt and Commodity ETFs

The Securities and Exchange Board of India (SEBI) on Monday revised the trading framework for Exchange Traded Funds (ETFs) by linking ETF price bands to the previous day's closing price and introducing dynamic price bands for equity, debt and commodity ETFs. SEBI observed that the existing ETF framework involved a one-day lag in determining the base price and that the fixed price bands were not commensurate with movements in the underlying assets. Accordingly, based on recommendations of the...

Angel One Settles SEBI Proceedings Over Alleged Supervisory Lapses, Pays ₹4.28 Crore

Stockbroker Angel One Limited has settled adjudication and enquiry proceedings initiated by the Securities and Exchange Board of India. The settlement follows payment of ₹4.28 crore in relation to allegations concerning its handling of certain activities of two authorised persons. In the order passed on Monday, SEBI Adjudicating Officer and Designated Authority Medha Sonparote observed: "In view of the receipt of settlement amount by SEBI, the instant Adjudication and Enquiry Proceedings...

SEBI Proposes Harmonised Price Bands, Pre-Open Auction Base Prices For Stocks Listed On Multiple Exchanges

The Securities and Exchange Board of India (SEBI) on Thursday issued a consultation paper proposing a common mechanism for determining the base price in the pre-open call auction session. It also proposed a uniform approach for fixing price bands for stocks listed on multiple stock exchanges. SEBI noted that the previous day's closing price is used to determine the base price for the pre-open session and the applicable price bands. However, each exchange currently calculates these price bands...

SEBI Proposes Consolidated Pay Disclosures For Mutual Fund AMCs, Flags Privacy Concerns

The Securities and Exchange Board of India (SEBI) has proposed replacing employee-wise remuneration disclosures by Asset Management Companies (AMCs) with consolidated disclosures. The market regulator said the move is aimed at streamlining the disclosure framework while maintaining transparency for unitholders. In a consultation paper issued on June 10, 2026, SEBI proposed that AMCs disclose aggregate remuneration paid to key categories of employees, along with the number of employees covered...

Kotak India Growth Fund Pays ₹10.87 Lakh To Settle SEBI Proceedings Over 5-Year Delay In Winding Up Scheme

Kotak India Growth Fund II has paid ₹10.87 lakh to settle proceedings that may be initiated by the Securities and Exchange Board of India (SEBI) over allegations that it delayed the winding up of a venture capital fund scheme and distribution of liquidation proceeds to investors by more than five years. The settlement order was passed by SEBI Whole Time Members Kamlesh C. Varshney and K.V.R. Murty. Kotak India Growth Fund II, a SEBI-registered venture capital fund, filed a suo motu...

SEBI Finds Rajesh Exports Prima Facie Misrepresented ₹15.15 Lakh Crore Revenue; Bars Promoter From Market

The Securities and Exchange Board of India (SEBI) on Friday passed an interim ex parte order against jewellery company Rajesh Exports Ltd (REL) and its promoter, Rajesh Mehta. The regulator has prima facie found that the company misrepresented about ₹15.15 lakh crore in revenues attributed to its subsidiaries and step-down subsidiaries over a five-year period. The interim order was passed by SEBI Whole Time Member Kamlesh Chandra Varshney. He observed that the company's reported revenues could...

SEBI Cancels Registrations Of Five AIFs For Failure To File Quarterly Reports

SEBI has cancelled the registrations of five Alternative Investment Funds (AIFs) after finding that they failed to file mandatory Quarterly Activity Reports (QARs) for four consecutive quarters and did not respond to show cause notices issued by the regulator. The orders were passed by SEBI Designated Authority S. Madhusudhanan. The entities whose registrations have been cancelled are Victory Investment Fund, Rudrabhishek Infrastructure Trust, Prime Realty Capital, Florintree India Flexi...

SEBI Proposes Easier Cash Distribution Rules For InvITs Funding Road Maintenance Through Debt

The Securities and Exchange Board of India (SEBI) has proposed allowing Infrastructure Investment Trusts (InvITs) to add back major maintenance expenses for road projects, to the extent they are funded through external debt, while calculating cash available for distribution to investors. The regulator said the move is intended to facilitate ease of doing business. The proposal stems from representations made by the Bharat InvITs Association (BIA). The industry body argued that major maintenance...

SEBI Imposes ₹29.15 Crore Penalty on Suzlon Energy, Directors, Officials Over Misleading Financial Disclosures

The Securities and Exchange Board of India (SEBI) has imposed penalties totalling ₹29.15 crore on Suzlon Energy Ltd. and two of its senior officials, two directors, after concluding that a series of intra-group transactions and financial disclosures created a misleading picture of the company's financial position. The order was passed by SEBI Whole Time Member Sandip Pradhan. The regulator found that Suzlon recognised gains from transactions involving the transfer of its operation and...

SEBI Simplifies Nomination Rules For Demat Accounts, Mutual Fund Folios; New Norms Effective From September 1

The Securities and Exchange Board of India (SEBI) on Friday modified the nomination norms for demat accounts and mutual fund folios. The changes are aimed at simplifying investor onboarding and the nomination process. Under the revised norms, investors opening new single-holder demat accounts or mutual fund folios will have to either nominate a beneficiary or formally opt out of nomination. For jointly held accounts and folios, nomination will be optional. SEBI has also permitted investors to...