Nominee to Legal Heir Made Easy: SEBI’s New Framework for Seamless Securities Transmission
Effective January 1, 2026, SEBI introduces TLH code to eliminate tax hurdles and ease succession.
Depositories
SEBI revamps Penalty Review System to empower MIIs and ensure fair appeals
SEBI’s new framework for MIIs reshapes the penalty review, appeal, and waiver process by introducing independent oversight, a dual-track mechanism, and external professionals, while preserving legal recourse and mandating implementation by September 2025.
SEBI modifies Cyber Security and Cyber Resilience Framework
On 24-8-2023, the Securities and Exchange Board of India (‘SEBI') made modifications in Cyber Security and Cyber Resilience frame for Stock Exchanges,
SEBI introduces Issue Summary Document and Dissemination of Issue to facilitate consumption of data by stakeholders
On 15-2-2023, the Securities and Exchange Board of India (‘SEBI’) issued circular on Introduction of Issue Summary Document (ISD) and dissemination of
Clauses in Information Brochure based on statutory Master Circular is enforceable; Bombay High Court sets aside Administrator decision to write down AT-1 bonds once Yes Bank stood reconstituted
The clauses in the Information Memorandum are based on the Master Circular which is issued by the Reserve Bank under its statutory powers. Information Memorandum and its clauses refer to Master Circular. The said Information Brochure has a statutory flavour. In that event, the agreement would have a statutory base and such an agreement can certainly be enforceable.
SEBI extends timeline for entering and verifying of details in Security and Covenant Monitoring system
On 5-1-2023, the Securities and Exchange Board of India (‘SEBI') has extended the timelines for entering and verifying the details
Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020 — Notified
G.S.R. 226(E).—In exercise of the powers conferred by section 73A of the Indian Stamp Act, 1899 (2 of 1899), the Central Government