Sebi Norms

Market regulator Sebi will soon issue a framework on proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper, its Chairman Tuhin Kanta Pandey said on Saturday. The Securities and Exchange Board of India (Sebi) had sought public comments on its proposal to review certain aspects of the CAS, market timings and the settlement methodology for derivative contracts. The deadline for submitting comments is October 3. Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process. "Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear," Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). The regulator would not require much time to compile and analyse the responses as the proposals

Pioneer Fil-Med, Tonbo Imaging India and Functional & Innovative Foods have secured approval from capital markets regulator Sebi for their proposed initial public offerings (IPOs), paving the way for the three companies to proceed with their public issue plans. The draft offer documents of the three companies were received by Sebi between April and August. After reviewing the documents, the regulator gave its observations during September 21-25, an update with the markets watchdog showed on Monday. The regulator's observations are a key regulatory step that enables companies to proceed with their IPOs, subject to applicable laws and other requirements. Railway components maker Pioneer Fil-Med's proposed Rs 500 crore IPO comprises a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) of shares worth Rs 250 crore, according to its draft papers. The OFS will comprise stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech ...

The regulator's approved settlement framework includes changes on settlement amount calculation, wrongful gains, fast-track cases and wider access to settlement

India's markets regulator is using AI and machine learning to scan trading data, social media and derivatives activity for anomalies as complex markets challenge traditional surveillance methods

Reforms for debt segment and accredited investors are also on cards; gift cards for MFs may not be approved

Sebi's proposal seeks to lower entry barriers for smaller towns as India faces an estimated ₹82-86 trillion funding requirement for urban infrastructure by FY31

The proposed framework seeks to shorten disaster recovery drills to at least four hours while strengthening operational resilience and data recovery requirements

The regulator has floated two expiry-day settlement methodologies, two alternatives for market timings and changes to order cancellation and Iceberg orders during CAS

The proposal would extend to domestic mutual funds a facility that the Sebi already permitted for foreign portfolio investors earlier this year

The regulator is also mulling raising the limit on the size of ​companies that can list on platforms dedicated to small firms and mandating larger operating profit requirements before listing

Market regulator Sebi is reviewing the framework for monitoring and disclosing utilisation of issue proceeds to improve timely disclosures and streamline the compliance process, Sebi Chairman Tuhin Kanta Pandey said on Saturday. Addressing the Institute of Directors' Annual Directors' Conclave 2026, Pandey said transparency is not merely about the volume of information disclosed by a company but about whether the information helps investors understand what matters. "We are reviewing the framework for monitoring and disclosure of utilisation of issue proceeds, with the objective of improving timely disclosures and streamlining the compliance process," Pandey said. He said a company making a disclosure does not necessarily mean it has become transparent. "True transparency is not the volume of information. It is the quality, timeliness and usefulness of information," the Sebi chairman said. Pandey said the regulator has progressively strengthened the framework for disclosure of mate

The crackdown underscores the regulator's determination to ensure the success of the so-called Closing Auction System, one of the biggest reforms to India's stock market in recent years

While Nifty may be struggling to make new highs, history, analysts said, suggests such extended periods of failing to cross the previous day's high have often been followed by a meaningful upside.

The regulator will review trading lots, market making, underwriting and migration rules for SMEs, while proposed AI guidelines will impose clear responsibility on regulated entities

Sebi has questioned key managerial personnel of Paytm parent One 97 Communications over the timing of a December 2023 disclosure and its classification as unpublished price sensitive information

The closing auction is a separate 20-min session introduced in which exchanges collect buy and sell orders to determine a stock's closing price at a level where the maximum volume can be executed

Markets regulator Sebi on Friday streamlined inspection of market intermediaries by mandating joint inspections by stock exchanges and depositories and reducing its inspection target for FY27 to about one-third of the previous year's level. The revamped inspection framework, which follows consultations with Market Infrastructure Institutions (MIIs) and the Supervisory Body for Investment Advisers (IAs) and Research Analysts (RAs), will be implemented from the financial year 2026-27. As part of the changes, Sebi has rationalised its inspection target for FY27 to around one-third of the inspections conducted in the previous financial year, taking into account the regular inspections already carried out by stock exchanges and depositories. "Considering the regular inspections of stock brokers, DPs, IAs and RAs done by stock exchanges and depositories, the targeted number of inspections to be carried out by Sebi in the Financial Year 2026-27 has been rationalised to approximately ...

Amid growing calls to roll back the mechanism, Sebi signalled that the closing auction would remain in place

India's benchmark Nifty 50 index had seen sharp volatility earlier this week as a new mechanism to determine the closing prices of stocks was introduced on Monday

Capital markets regulator Sebi has levied fines totalling Rs 1 crore on Kalahridhaan Trendz and its promoters after finding that the SME company concealed a loan default and misled investors through false corporate announcements. Kalahridhaan Trendz Ltd (KTL) is in the business of manufacturing and trading of various types of fabrics and was listed on the NSE's SME platform Emerge. Sebi restrained KTL and its promoter and Managing Director Niranjan D Agarwal from the securities markets for two years. Directors Aditya N Agarwal and Sunitadevi Niranjan Agarwal have been prohibited for one year. In a 57-page final order on Thursday Sebi found that KTL failed to disclose its default in repayment of HDFC Bank credit card dues within the timeline mandated under the Listing Obligations and Disclosure Requirements (LODR) Regulations. The company admitted during the proceedings that the disclosure should have been made but attributed the lapse to an inadvertent omission. However, Sebi reje