Author: Contributor
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Why is Cybersecurity in Asia an Investment Problem and Less of a Regulatory Problem?
[Jishnu M Nair is a Counsel, ASEAN Compliance Officer at IBM ] The IBM Cost of a Data Breach Report 2025 tells us that, globally, there has been a slight reduction in the average cost of data breaches. However, in countries across the Asian region, specifically for the ASEAN and India bloc, the trend is moving in the opposite direction. The average cost of a
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SEBI’s 2025 Related Party Transactions’ Overhaul: Balancing Ease of Doing Business and Investor Protection
[Mustafa Rajkotwala is a commercial lawyer based in Mumbai, India] On 4 August 2025, the Securities and Exchange Board of India (‘SEBI’) released a consultation paper (‘2025 Paper’) proposing a significant overhaul of the framework governing related party transactions (‘RPTs’) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’). The proposals follow recommendations of the Advisory
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Assessing the Viability of Opinion Trading Platforms in India
[Rishi A. Kumar and Zainab Bhanpurawala are fifth-year B.A., LL.B. (Hons.) students at Tamil Nadu National Law University and ILS Law College, Pune, respectively] On April 29, 2025, the Securities and Exchange Board of India (“SEBI”) published a cautionary press release to investors operating on opinion trading platforms. SEBI stated no investor protection mechanisms will apply, as opinion trading fall
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Broadening the Strategic Investor Base: SEBI’s Proposed Amendment to REIT and InvIT Norms
[Khushi Patel is a 4th year BBA LLB student at Gujarat National Law University, Gandhinagar] In a move that could significantly deepen India’s capital markets and enhance investor participation in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), SEBI released a consultation paper proposing a critical amendment to the definition of ‘strategic investors’. This proposal seeks to
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Unvested SARs in the IPO Pipeline: A Regulatory Blind Spot in SEBI’s 2025 ICDR Amendments
[Kinjal Ahuja and Ashish Rawat are 3rd year B.A., LL.B. (Hons.) students at Chanakya National Law University, Patna] In March 2025, the Securities and Exchange Board of India (SEBI) introduced a significant reform to its Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. The amendment is widely hailed by the startup and tech ecosystem as it enables the companies to retain
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The Delta Delusion: A Critique of SEBI’s Surveillance Overhaul in the Derivatives Market
[Abhishek Sanjay is a third-year B.A., LL.B. (Hons.) student at NALSAR University of Law, Hyderabad] The Indian equity derivatives market has evolved into a complex, high-velocity ecosystem defined as much by algorithmic precision as by speculative depth. In recent years, expiry-day volumes have surged, open interest has ballooned, and sophisticated option strategies have proliferated at scale.
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Reshaping Insolvency Practice: The Fourth Amendment to CIRP Regulations
[Bhoomi Goenka and Saksham Gupta are 3rd year B.B.A., LL.B. (Hons.) students at National Law University Odisha] In May 2025, the Insolvency and Bankruptcy Board of India (IBBI) introduced the fourth amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), with the objective of enhancing flexibility, transparency, and efficiency in corporate insolvency resolutions. Notably, the amended regulations grant resolution
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Supreme Court’s M3M Ruling: Equivalent‑Value Substitution at the Provisional Attachment Stage under PMLA
[Shailee Basu is a lawyer based in Delhi and Research Fellow with the Crime & Punishment team at Vidhi Centre for Legal Policy] Recently, the Supreme Court of India permitted M3M India Pvt. Ltd, a real estate company, to substitute its land worth ₹317 crore provisionally attached by the Enforcement Directorate (ED) under section 5 of the Prevention
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Down Selling of NCDs through OBPPs: Private Placement to Public Risk
[Ashutosh Chandra is an associate at Veritas Legal, Mumbai and Shriyansh Singhal is a 3rd year B.B.A LL.B. (Hons.) Student at National Law University Odisha] The debt capital market in India has recently witnessed an unprecedented surge in terms of participation from retail investors, thanks to the Securities Exchange Board of India (“SEBI”) bringing in regulations and relaxed norms
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Deadline or Dead End? Judiciary Tightens the Screws on IBC’s Compliance
[Abhishek Pandey and Aditya Mittal are 4th year B.A. LL.B. (Hons.) students at Hidayatullah National Law University, Raipur] In the corporate insolvency regime, time is everything. The Insolvency and Bankruptcy Code (Code) was introduced in 2016 with a vision to reshape India’s insolvency regime by focusing on swift, time-bound processes that maximize the interests of all stakeholders. While after
