Page 2 - Sebi Norms

Sebi amends norms to make IPO disclosures accessible, investor-friendly

Markets regulator Sebi has introduced a concise and standardised summary of offer documents in the form of a draft abridged prospectus, a move aimed at making IPO disclosures more accessible and investor-friendly. IPO-bound companies will now be required to submit this abridged prospectus alongside their detailed offer documents. The regulator said the document will present key information including the company's business model, financials, promoters, risks, and key performance indicators in a simplified and easy-to-understand format. "Draft abridged prospectus ... shall be submitted along with the updated draft red herring prospectus-I, and shall be hosted on the websites of the issuer, the Board, stock exchanges where specified securities are proposed to be listed and lead manager(s) associated with the issue," Sebi said in a notification dated March 16. The abridged prospectus will be made available on the websites of issuers, stock exchanges, and lead managers to ensure easier

Sebi levies ₹2.8 cr fine on 18 entities; debars for 5 yrs in RGRL case

Sebi has levied penalties totalling Rs 2.8 crore on 18 entities as well as barred them from securities markets for up to five years for manipulating the share prices of Retro Green Revolution Ltd (RGRL). Besides, the regulator has directed 15 of these entities to disgorge the total unlawful gains worth Rs 2.94 crore, along with 12 per cent interest per annum from December 31, 2021, till the date of payment. The amount is to be deposited in Sebi's Investor Protection and Education Fund within 45 days. In its 61-page order passed on Tuesday, the regulator found that the entities were part of a premeditated scheme to artificially jack up the price of an illiquid scrip of RGRL and lure gullible investors. Sebi observed that the scheme involved trading among connected entities to create artificial volumes in a thin stock, followed by circulating tips/ stock recommendations through a Telegram channel. The noticees no 1 to 6, including Sanjay Arunkumar Choksi, had indulged in creating a

Sebi proposes easing nomination norms for demat accounts, MF folios

Markets regulator Sebi proposes making nomination default for demat and mutual fund accounts, simplifying compliance norms and streamlining nominee requirements for investors

Sebi chief urges stricter valuation rigour for AIFs as IPO exits rise

Pandey calls for disciplined practices, ESG integration, and long-term capital deployment

No issue with futures, concerns around short-dated options: Sebi chairman

Sebi chairman Tuhin Kanta Pandey said the regulator has no concerns over the futures segment of the derivatives market, but remains watchful of speculative activity in short-dated options. Pandey said the regulator's recent interventions are focused specifically on curbing excesses in short-tenor options, while preserving the crucial role of futures and derivatives in price discovery and liquidity. Responding to a question on the derivatives segment, Pandey said the issue should not be broadly labelled as one concerning F&O. "You should not be calling it F&O because futures we never had an issue with. There was an issue around short-dated options," he said in an interaction with PTI. He noted that Sebi has already introduced a series of regulatory measures targeting excesses in short-tenor options. Measures were rolled out in October 2024 and May 2025, with phased implementation in July, October and December. The regulator is now assessing the impact of these interventions ...

Sebi presses banks, regulators for stricter insider trading enforcement

Regulatory data shows that Sebi investigated 287 cases of alleged insider trading in the financial year 2024-25, compared to 175 cases in the prior year

Sebi revamps mutual fund categories: Experts explain changes for investors

Overhaul of mutual fund categories introduces tighter thematic rules to improve transparency and align Indian investment products with global goal-based standards

Sebi mulls additional relaxations in reporting norms for stock brokers

To boost ease of doing business, markets regulator Sebi on Friday proposed additional relaxations to reporting norms for stock brokers, including exempting certain demat accounts held by brokers who are also primary dealers from tagging requirements. Further, brokers that are banks or primary dealers will be required to report only those bank accounts that are used for stock broking activities, Sebi proposed. "All demat accounts maintained by stock brokers should be appropriately tagged. Further, this shall not be applicable for the demat account which are used exclusively for activities other than stock broking activities by stock brokers, which are also primary dealers. "Stock broker which is also bank or primary dealer, shall be required to report to the stock exchanges only those bank accounts that are used for their stock broking activities," Sebi said in its draft circular. Under the current rules, brokers are required to maintain properly named and tagged bank and demat ...

Sebi proposes easing 'fit and proper' norms for market intermediaries

Move aims to remove automatic disqualifications triggered by criminal complaints

Sebi accuses executives at EY, PwC of breaching insider trading rules

Sebi also accused executives at Carlyle Group and ​Advent International of sharing unpublished price sensitive information involving a 2022 share sale by Yes Bank

Two-thirds of domestic households aware of securities products: Sebi survey

Urban households reported 74 per cent awareness, compared with 56 per cent in rural areas

New market code may constrain Sebi funding; ombudsman plan needs clarity

Greater clarity is also needed on the proposed Ombudsperson to resolve investor complaints, experts feel

Securities Markets Code Bill caps Sebi's inspection, probe powers at 8 yrs

The Securities Markets Code (SMC) Bill draws a clear line on capital markets regulator Sebi's enforcement reach by imposing an eight-year statutory limit on inspections and investigations, a move aimed at preventing prolonged regulatory overhang on market participants. However, this eight-year limitation will not apply to cases that have a systemic impact on the securities market. Apart from setting a time bar, the Bill also introduced a time-bound enforcement framework. It mandates Sebi to complete investigations within 180 days, while simultaneously strengthening investor protection through the introduction of an Ombudsperson-led grievance redressal mechanism. The Bill, which was introduced in the Lok Sabha last week, requires Sebi to set aside 25 per cent of its annual surplus in a Reserve Fund for expenses, with the remaining surplus transferred to the Consolidated Fund of India. According to a person familiar with the matter, the eight-year limit would bring legal certainty an

Corporate governance can't just be reactive: Sebi chief Tuhin Kanta Pandey

Even small corporate governance lapses can trigger outsized market consequences, SEBI chairman Tuhin Kanta Pandey warns, urging proactive oversight and ethical judgment

PaRRVA explained: Sebi's verification tool to check performance claims

SEBI launches PaRRVA App: Verified past returns to help investors cut through noise and make clearer choices

Sebi launches PaRRVA to verify past returns, curb misleading claims

Sebi has launched PaRRVA, a pilot mechanism by Care Ratings and NSE to verify past returns claimed by registered intermediaries, aiming to curb misleading finfluencer claims

Senior IRS officer Sandip Pradhan takes charge as Sebi whole-time member

Pradhan, a 1990-batch IRS officer, was until recently director general of income tax (investigation) in Pune, where he handled major tax investigations and compliance enforcement

Sebi impounds ₹546 cr, bars Avadhut Sathe academy for alleged violations

Sebi has barred Avadhut Sathe Trading Academy and impounded Rs 546 crore, alleging the outfit offered unregistered stock advice under the guise of education and misled participants

Sebi introduces single window gateway for low risk foreign investors

Markets regulator Sebi has made it easier for low risk foreign investors to participate in the Indian securities market with the introduction of a single window access, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI) -- would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and documentation for such entities. The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, multilateral entities, highly regulated public retail funds, and appropriately regulated insurance companies, as well as pension funds. According to two separate notifications dated December 1, Sebi introduced the SWAGAT-FI framework for FPIs and Foreign Venture Capital ..

Sebi to simplify offer document summaries to aid investor clarity

Markets regulator Sebi is looking to rationalise and simplify the offer document summary to encourage informed investor feedback and reduce reliance on unverified tips, its chairman Tuhin Kanta Pandey said on Monday. This move will also dispense with the Abridged Prospectus, thereby easing compliance requirements for issuers, he added. At present, offer documents are typically voluminous and packed with detailed disclosures across various aspects of an issuer company. To address this, Pandey had stated last month that the contents of the offer document summary for IPO-bound companies would be further streamlined to make them more accessible and useful for investors. Addressing the CII Southern Region in Chennai, Pandey reiterated this stance, noting, "We are proposing to rationalise and simplify the Offer Document Summary, to be made available separately to investors, encouraging informed feedback and reducing reliance on unverified tips". Additionally, he said a comprehensive rev