Tag: SEBI
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Unlocking Capital: SEBI’s Proposal to Ease Lock-in Norms for Pre-IPO Investors
[Khushi Patel is a 4th year BBA LLB student at Gujarat National Law University, Gandhinagar] India’s IPO pipeline continues to surge, driven not only by resilient market sentiment but also by the growing prevalence of pre-IPO placements and secondary exits by early-stage investors seeking to crystallize gains ahead of listing. In 2025 alone, nine of the 86 companies
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Demat and Pre-2019 Transfers: Implications of SEBI’s Proposed for Listed Companies
[Gungun Sharma and Vibhor Maloo are 4th year B.A. LL.B. (Hons.) students at Hidayatullah National Law University, Raipur] On October 17, 2025, Securities and Exchange Board of India (“SEBI”) issued a consultation paper proposing amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) to resolve a long-standing issue of transfer of shares executed in physical form before
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Streamlining the Voluntary Delisting of Public Sector Undertakings
[Ayush Agrawal is a 4th year B.A.LL.B. (Hons.) student at National Law Institute University, Bhopal] The regulatory landscape governing listed entities in India constantly evolves to address unique market challenges and governmental priorities of growth and welfare. A recent, significant development in India’s securities law is the introduction of regulation 38B under the Securities and Exchange Board of India
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Rethinking Regulation: SEBI’s Proposal for Alternative Investment Funds
[Vanshika Sharma and Divyanshu Kumar are 4th year B.A., LL.B. (Hons.) students at NALSAR University of Law, Hyderabad] The Securities and Exchange Board of India (SEBI) has put forward a consultation paper that aims to create a new breed of Alternative Investment Fund (AIF) schemes restricted to Accredited Investors (AIs) and governed by a lighter-touch regulatory framework. The proposal published in August
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Proof of Market Manipulation: The Jane Street Case
[Bhavin Patel is a Programme Director and Natasha Aggarwal a Senior Research Fellow at TrustBridge Rule of Law Foundation] On 3 July 2025, the Securities and Exchange Board of India (“SEBI”) issued an ex-parte interim order against the Jane Street group. The order asserted that Jane Street employed manipulative strategies (intraday index manipulation and extended marking-the-close) on the NIFTY and BANKNIFTY
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SEBI’s Shift in Closing Price Mechanism: Rationale and Reality
[Ayush Raj and Tanay Hindocha are 4th year students of the B.A. LL.B. and BBA LL.B. (Hons.) programmes, respectively, at Gujarat National Law University.] In August 2025, SEBI floated a consultation paper proposing a major change in India’s closing‐price mechanism: replacing the day’s half‐hour volume‐weighted average price (VWAP) with a discrete closing auction session (CAS). SEBI argues in the paper
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SEBI’s Proposal on Minimum Public Shareholding and its Spillover Effects
[Manisha Soni is a corporate lawyer based in New Delhi, India] The Securities Exchange Board of India (SEBI) has released a consultation paper on 18 August 2025, proposing sweeping changes in rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (SCRR), governing Minimum Public Offer (MPO) and Minimum Public Shareholding (MPS). These rules determine how much of a company’s equity must
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National Mineral Exchange and SEBI: Shaping Price Discovery for India’s Minerals
[Arjun Chaudhary and Jainam Shah are 4th Year Law students at Gujarat National Law University] The Indian government’s landmark move to introduce the “National Minerals Exchange” has been hailed as “India’s LME Moment”, a nod to the London Metal Exchange (“LME”), which has played a major role in controlling global metal pricing over the last century. Although this reform may seem ambitious
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Saga of Independent Director Resignations Unfolds Again in India Inc.
[Harpreet Kaur is Vice-Chancellor, National Law University, Jodhpur] The Indian corporate governance landscape has once again witnessed resignations by independent directors in what was a seemingly promising startup. Soon after an interim order was passed by the Securities and Exchange Board of India (SEBI) against the promoters of the Gensol Engineering Limited (GEL), who are also the founders of BluSmart
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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
