SEBI CLARIFIES THAT MONITORING CORPORATE GOVERNANCE COMPLIANCE CANNOT BE DELEGATED

The Securities and Exchange Board of India (“SEBI”), through an informal guidance dated 6 February 2026 has clarified that the quarterly compliance report on corporate governance required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) must necessarily be placed before the Board of Directors, and that oversight by a committee of … Read more

SEBI Adjudication Order in the Matter of Accretion Pharmaceuticals Limited: Forward-Looking Statements in IPO Communications Under Scrutiny

1. SEBI had conducted an examination to assess possible violations of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and the SEBI (Merchant Bankers) Regulations, 1992 (“MB Regulations”) in relation to Accretion Pharmaceuticals Limited (being the “Issuer Company” in its IPO) and Jawa Capital Services Private Limited (being the “Book Running … Read more

SEBI MANDATES DISCLOSURE OF REGISTRATION DETAILS BY REGULATED ENTITIES ON SOCIAL MEDIA PLATFORMS

SEBI vide its circular dated 26 February 2026 (Circular No.: HO/(79)2026-MIRSD-PODMMC) (“Circular”) has introduced disclosure requirements for SEBI-regulated entities and their agents while posting securities market related content on Social Media Platforms (“SMPs”). The Circular forms part of SEBI’s Ease of Doing Investment (EoDI) initiative and seeks to enhance transparency by enabling investors to clearly … Read more

SEBI ISSUES CIRCULAR TO DEPOSITORIES IN RELATION TO CREATION/ INVOCATION OF PLEDGE OF SECURITIES THROUGH DEPOSITORIES

SEBI vide its circular dated 5 February 2026 (HO/47/14/12(1)2026-MRD-POD2/I/4229/2026) (“Circular”) has come forth with certain inclusions to the framework for pledging of shares as prescribed under Paragraph 4.13 of the Master Circular for Depositories dated 3rd December 2024 (“Master Circular”) read with the SEBI (Depositories and Participants) Regulations, 2018 (“DP Regulations”). Alignment with the provisions … Read more

SEBI ORDER IN THE MATTER OF EIKO LIFESCIENCES LIMITED: DISCLOSURE OBLIGATIONS FOR PROMOTER ENCUMBRANCES REVISITED

SEBI had, through its adjudication order dated 5th January 2026 (“Order”), passed an order after examining a Draft Letter of Offer (DLoF) filed in connection with a proposed acquisition of shares of Eiko Lifesciences Limited (‘Company’) by Lenus Finvest Private Limited, a promoter entity of the Company. The examination was with respect to potential non-compliance … Read more

SEBI SIMPLIFIES ACCREDITATION REQUIREMENTS FOR INVESTORS UNDER AIF FRAMEWORK

SEBI has issued a circular dated 9 January 2026 (Circular No.:HO/19/34/11(9)2025-AFD-POD1/I/2286/2026) (“Circular”) introducing further simplifications to the framework governing grant of accreditation to investors under the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). The accredited investor framework was originally introduced pursuant to amendments made to the AIF Regulations as notified on 3 August 2021. … Read more

SEBI REMOVES REQUIREMENT OF LETTER OF CONFIRMATION FOR INVESTOR SERVICE REQUESTS

The Securities and Exchange Board of India (“SEBI”), vide its circular dated 30 January 2026 (HO/38/13/(3)2026-MIRSD-POD/I/3763/2026) (“Circular”), has introduced a significant ease-of-doing-business measure by doing away with the requirement of issuance of a Letter of Confirmation (“LoC”) for credit of securities arising out of various investor service requests. The Circular mandates direct credit of securities … Read more

SEBI OPENS SPECIAL WINDOW FOR TRANSFER AND DEMATERIALISATION OF PHYSICAL SHARES SOLD / PURCHASED PRIOR TO APRIL 1, 2019

SEBI vide its circular dated 30 January 2026 (HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026) (“Circular”) has now opened a special window for transfer and dematerialisation of physical securities sold or purchased prior to 1 April 2019, with a view to facilitating ease of doing investment and securing investor rights. Special Window – Scope and Timelines The special window will be … Read more

SEBI MANDATES NISM CERTIFICATION FOR COMPLIANCE OFFICERS OF AIF MANAGERS

The Securities and Exchange Board of India (“SEBI”), vide its circular dated 30 December 2025 (HO/19/(8)2025-AFD-POD1/I/1266/2025) (“Circular”), has clarified on the certification requirements applicable to Compliance Officers of Managers of Alternative Investment Funds (“AIFs”). The Circular has been issued pursuant to the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) and it strengthens compliance oversight … Read more

SEBI ISSUES CLARIFICATIONS ON DIGITAL ACCESSIBILITY REQUIREMENTS FOR REGULATED ENTITIES

In continuation of its regulatory push towards ensuring inclusive access to securities market infrastructure, SEBI has issued a circular dated 8 December 2025 (“Clarificatory Circular”) providing further clarifications on the digital accessibility framework applicable to regulated entities (“REs”). The Clarificatory Circular builds upon SEBI’s earlier circulars dated 31 July 2025 (Circular No. SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/111) and 29 … Read more

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