In a significant development, the SEBI has recently approved significant regulatory changes to the framework governing the issuance of listed debt securities and non-convertible redeemable preference shares. The changes...

SEBI on May 18, 2024, published the amendments to the SEBI ICDR Regulations in the official gazette subsequent to the release of interim recommendations by the expert committee on 'Ease of Doing Business'. In this...

While making an investment in the company, investors negotiate significant governance and exit related rights which enable material participation in the IPO process. However, SEBI has been issuing observations to IPO...

The working group on Direct Listing of Indian Companies on International Financial Services Centre (‘IFSC’) exchanges issued a report in December 2023 identifying key factors for direct listing of Indian companies...

SEBI in a consultation paper dated December 28, 2023, has proposed amendments aimed at addressing concerns associated with verification of market rumours. The proposed reforms aim to modify the current material event...

In a move towards committing to ease of doing business in India, SEBI recently proposed interim recommendations vide consultation paper dated January 11, 2024 (the “Consultation Paper”). The Consultation Paper...

In a significant regulatory development, the RBI has recently revamped the regulatory framework for the issuance of Commercial Papers and Money Market NCDs through the issuance of updated Master Directions, superseding...

In a much needed clarity on ability of AIFs to enter into the distressed market sector, SEBI has recently issued a consultation paper to enable such ‘special situation funds’ (SSFs) (a distinct class of AIFs) to...

SEBI clarifies the exemption from the obligation of making an open offer, available under the Takeover Code for inter-se transfer of shares amongst a promoter and its immediate relatives, in an informal guidance. Cases...

The Securities and Exchange Board of India on July 6, 2023 has introduced the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023 which have...

The Securities and Exchange Board of India in its meeting of the board members held on June 28, 2023 has approved a slew of significant proposals in relation to equity as well as debt securities markets. These proposals...

The Reserve Bank of India by way of notification dated June 7, 2023 has expanded the scope of the Trade Receivables Discounting System (“TReDS”) as prescribed under the Guidelines for the Trade Receivables...

SEBI has, through its circular dated January 10, 2023, modified the framework of offer for sale of shares through stock exchange mechanism with an objective to make the process more flexible and efficient for...

The Securities Exchange Board of India has, through its notification released on November 21, 2022, made certain key changes to the disclosures on the ‘Basis of Issue Price’ section in the offer documents to ensure...

The Securities Exchange Board of India has, in its meeting held on September 30, 2022, approved certain changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,...

The Securities Exchange Board of India has, in its meeting held on December 28, 2021, approved certain changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,...

On October 8, 2020, the Securities and Exchange Board of India brought in an amendment to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amendment now requires listed entities to make...

Recently, in two related sets of orders, SEBI has opined on the dissemination of unpublished price sensitive information through digital and social media. The orders lend valuable perspective on some keenly-debated...

Over the last few months, the Securities and Exchange Board of India (“SEBI”) has offered much-needed relaxations to the companies struggling with the disruption caused by COVID-19. With unlock 2.0 being...

COVID-19 has created 'new normals' in every aspect of life, including in economies, markets, businesses, and the funds that power them. Riding an 11 year bull run, global markets have nosedived. On the flip-side, with...

With lockdown 3.0 being implemented, the Securities and Exchange Board of India (SEBI) has through a circular dated May 06, 2020, granted temporary relaxations from certain procedural requirements related to rights...

On April 21, 2020, the Securities and Exchange Board of India (SEBI) offered temporary amnesty to companies from certain crucial regulations governing public offerings (initial and follow-on) and rights offerings in...

The world is witnessing unprecedented times in light of the COVID-19 outbreak, which has led to countries across the globe adopting legal, political and economic measures which are equally unprecedented. In one such...

The issue of variation of objects mentioned in an IPO prospectus has become relevant today, when COVID-19 has locked down economies, sent markets into free-fall, and forced listed companies to rethink their business and...

As COVID-19 continues on its rampage, the Government of India and other authorities have been continuously initiating measures to contain the pandemic, including a nationwide lockdown. The capital markets regulator...

In our news alert published last week, we had discussed some much-needed exemptions granted by the Securities and Exchange Board of India ('SEBI') to listed companies grappling with the disruption caused by the outbreak...

COVID 19 is 2020's juggernaut - a black swan that has disrupted life like we have never known before. While governments over the world have been treating the pandemic on a war footing, introducing drastic measures such...

In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of 2019, the Central Government on December 5, 2019, notified the Foreign Exchange...

On October 10, 2019 SEBI has issued a circular laying down framework for issue of depository receipts by listed companies and to be listed companies in order to provide increased access to foreign funds. In light of...

The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange Management (Mode...

The Securities and Exchange Board of India ('SEBI') has notified the SEBI (Foreign Portfolio Investors) Regulations, 2019 (the 'Regulations') on September 23, 2019, in supersession of the SEBI (Foreign Portfolio...

On September 17, 2019, the Securities and Exchange Board of India notified the amendments to the insider trading regime by notifying the SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 to...

Towards the end of last year, SEBI provided its in-principle approval to amend the regulations relating to technology start-ups raising capital on the Institutional Trading Platform, a stock exchange for nascent...

The regulator of Indian securities market, the Securities and Exchange Board of India ('SEBI') on May 31, 2018, notified amendments to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011...

The Reserve Bank of India (the 'RBI') has undertaken a detailed review of the current regulations governing debt investment by Foreign Portfolio Investors ('FPIs') with the objective of simplifying the process of...

The Securities and Exchange Board of India ('SEBI') released a circular (the 'Circular') on January 18, 2018, outlining the operational modalities for participation by strategic investors in Infrastructure Investment...

Earlier this month, the Reserve Bank of India (the 'RBI') published certain norms relating to the issuance of rupee denominated bonds (also commonly known as 'masala' bonds) in the overseas market ('Rupee Bonds')...