Sebi Norms

India's ₹86 trillion urban infrastructure push may spur municipal bonds

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

Sebi proposes stronger tech resilience norms for exchanges, depositories

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

Sebi proposes changes to derivatives settlement, closing auction timings

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

Sebi proposes net settlement of cash market trades for mutual funds

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

Sebi plans bigger institutional role in public offers by small firms

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

Framework for monitoring utilisation of issue proceeds under review: Sebi

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

Sebi's swift action against JPMorgan unit seen as warning to traders

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

Nifty makes history; fails to cross previous day's high for 12 straight sessions

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.

Sebi to overhaul SME framework, tighten accountability for AI, ML tools

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 issues show-cause notice to Paytm officials over Dec 2023 disclosure

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

Sebi sees no manipulation in closing auction session: Tuhin Kanta Pandey

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

Sebi streamlines mkt intermediaries' inspection framework, cuts FY27 target

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 ...

India's biggest stock market reform endures a rocky first week of trading

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

Sebi sees no need to review new stock closing auction immediately

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

Sebi fines SME firm Kalahridhaan Trendz, promoters over disclosure lapses

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

RBI proposes demat-only securitisation notes, retains ₹1 crore ticket size

Draft amendments require commercial banks to issue securitisation notes in demat form while retaining the ₹1 crore minimum investment size for issuance and transfers

Sebi asks depositories to put in place operational framework by Aug 1

Capital markets regulator Sebi on Tuesday directed depositories to put in place an operational framework and necessary system enhancements by August 1 to implement the newly introduced mechanism for freezing promoter holdings at the ISIN level during share buybacks. In a circular, Sebi asked depositories to issue operational guidelines covering the implementation of the ISIN-level freeze on promoter and promoter group holdings, including the format for listed companies to issue freezing instructions. The framework will also lay down operational modalities for permitting promoters to tender shares in buybacks conducted through the tender offer route and for allowing the invocation or release of encumbrances created before the commencement of the buyback period. In such cases, the freeze will continue to apply to the invoked or released shares or other specified securities. "The depositories shall ensure that the operational framework and the necessary system enhancements are put in

Sebi empanels 18 additional forensic auditors for listed company audits

Markets regulator Sebi has empanelled 18 additional firms, including Ernst & Young LLP, KPMG Assurance and Consulting Services LLP, Zx Grant Thornton Bharat LLP and Nangia & Co LLP, to undertake forensic audits of financial statements of listed companies. The empanelment follows a selection process initiated through a public procurement notice issued on November 2025. The newly selected firms are in addition to the list of forensic auditors published by Sebi in April 2025, according to a notification issued by the regulator on July 15. The empanelment will remain valid for three years from the date of publication of the latest list. The other newly empanelled entities are J C Kabra & Associates, J Mandal & Co LLP, J Singh & Associates, Jain Jagawat Kamdar and Company, Pipara & Co LLP, R Kabra & Co LLP, R S Patel and Co, Ravi Rajan and Co LLP, S S Periwal and Co, Sarath and Associates, SKVM and Company, V Singhi & Associates, ASA & Associates LLP and

Sebi tightens staff conduct norms, sharpens conflict-of-interest rules

The market regulator mandates a two-year cooling-off period for former employees representing any client

Sebi bars 222 individuals, entities for'manipulation' in five companies

The regulator imposed penalties of Rs 47.7 crore and ordered disgorgement of illegal gains after finding large-scale price and volume manipulation, with promoters allegedly involved in some cases