Explained: Securities Markets Code Bill

Last Updated: Dec 19 2025 | 9:35 PM IST

India’s securities laws are set for their biggest overhaul in decades. Finance Minister Nirmala Sitharaman has introduced the Securities Markets Code Bill, 2025, aiming to replace three legacy laws with one unified framework. What changes, why now, and what does it mean for investors and businesses? Here’s a clear deep dive.

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