Legal Updates

Securities and Exchange Board of India vide circular dated September 01, 2025, has issued framework for Intraday Position Limits Monitoring for Equity Index Derivatives

Securities and Exchange Board of India vide circular dated September 01, 2025

Securities and Exchange Board of India vide circular dated September 05, 2025, has streamlined the process for surrender of (Know Your Client) Registration Agency (KRA) registration

Securities and Exchange Board of India vide circular dated September 05, 2025

Securities and Exchange Board of India vide circular dated August 29, 2025, has extended timelines and update of reporting authority for IAs and RAs w.r.t. SEBI Circular for Compliance to Digital Accessibility Circular

Securities and Exchange Board of India vide circular dated August 29, 202

Securities and Exchange Board of India vide circular dated August 26, 2025, has provided relaxation in the timeline to submit net worth certificate by the Stock Brokers to offer margin trading facility to their clients

Securities and Exchange Board of India vide circular dated August 26, 2025

Securities and Exchange Board of India vide circular dated August 18, 2025, has eextended timeline for implementation of SEBI Circular ‘Margin obligations to be given by way of pledge/Re-pledge in the Depository System’ dated June 03, 2025

Securities and Exchange Board of India vide circular dated August 18, 2025, has eextended timeline for implementation of SEBI

Reserve Bank of India vide notification dated August 14, 2025, has amended Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016

Reserve Bank of India vide notification dated August 14, 2025

RBI announces phased rollout of real-time cheque clearing and settlement under Cheque Truncation System from October 2025

RBI announces phased rollout of real-time cheque

SEBI permits liquid and overnight mutual funds for deposit compliance by investment advisers and research analysts

SEBI permits liquid and overnight mutual funds

Securities and Exchange Board of India vide circular dated August 05, 2025, revises process for review, appeal or waiver of penalty requests emanating out of actions taken by the Member Committee

Securities and Exchange Board of India vide circular dated August 05, 2025

Reserve Bank of India vide notification dated August 06, 2025, has issued Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025

Reserve Bank of India vide notification dated August 06, 2025

Reserve Bank of India vide notification dated August 06, 2025, has issued Reserve Bank of India (Co-Lending Arrangements) Directions, 2025

Reserve Bank of India vide notification dated August 06, 2025

Securities and Exchange Board of India vide circular dated July 31, 2025, has issued guidelines to Regulated Entities to mandatorily comply with Rights of Persons with Disabilities Act, 2016 and rules made thereunder

Securities and Exchange Board of India vide circular dated July 31, 2025

Securities and Exchange Board of India vide circular dated July 29, 2025, has issued guidelines for monitoring of Minimum Investment Threshold under Specialized Investment Funds (SIF)

Securities and Exchange Board of India vide circular dated July 29, 2025,

Reserve Bank of India vide notification dated July 29, 2025, has issued Reserve Bank of India (Investment in AIF) Directions, 2025

SEBI Releases Master Circular on Listing & Disclosure for Debt Instruments and Commercial Paper

SEBI Issues Master Circular for ESG Rating Providers – Strengthening Compliance and Transparency

Securities and Exchange Board of India vide circular dated July 11, 2025, has issued Master Circular for ESG Rating Providers (ERPs).

IBBI Withdraws Form IP-1 for IBC Assignments – Transition to Streamlined Compliance Framework

Insolvency and Bankruptcy Board of India vide circular dated July 14, 2025, has withdrew Form IP-1 for assignments under IBC Processes.

SEBI Opens a Six-Month Window for Re-Lodgement of Rejected Transfer Deeds

Securities and Exchange Board of India vide circular dated July 02, 2025,

SEBI Grants 2-Month Extension for Cybersecurity Framework Compliance

Securities and Exchange Board of India vide circular dated June 30, 2025,

RBI Eases Borrowers' Burden No Pre-payment Charges on Floating Rate Loans for Individuals & MSEs

Reserve Bank of India vide notification dated July 02, 2025,

Ministry of Finance – 2025 FEMA Amendment on Bonus Shares

Ministry of Finance vide notification dated June 11, 2025, has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019

SEBI Updates Disclosure Norms for Related Party Transactions

Securities and Exchange Board of India vide circular dated June 26, 2025, has issued revised Industry Standards on “Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions”

Reserve Bank of India- Revised PSL Norms for Small Finance Banks (SFBs)

Reserve Bank of India vide notification dated June 20, 2025, has reviewed Priority Sector Lending norms for Small Finance Banks

RBI Reaffirms Focus on Credit Access for SCST Communities through Updated Master Circular

Reserve Bank of India vide notification dated June 16, 2025, has issued Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)

Reserve Bank of India vide notification dated June 12, 2025, has amended Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016

RBI Issues Final Project Finance Directions, 2025

RBI Issues the Reserve Bank of India (Project Finance) Directions, 2025

SEBI Rolls Out Investor Charter for InvITs to Elevate Transparency and Investor Empowerment

Securities and Exchange Board of India vide circular dated June 12, 2025, has issued Investor Charter for Infrastructure Investment Trusts (InvITs)

SEBI Launches Investor Charter for REITs to Strengthen Transparency and Investor Awareness

Securities and Exchange Board of India vide circular dated June 12, 2025, has issued Investor Charter for Real Estate Investment Trusts (REITs)

RBI Eases KYC Update Norms for Low-Risk Customers

Reserve Bank of India vide notification dated June 12, 2025, has amended Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016

SEBI Extends Liquidation Timeline for Migrating VCFs to AIF Regime

Securities and Exchange Board of India vide circular dated June 06, 2025, has provided extension of timeline of additional liquidation period for VCFs migrating to SEBI (Alternative Investment Funds) Regulations, 2012

SEBI Grants Temporary Relaxation for Listed Entities on Hard Copy Disclosures

Securities and Exchange Board of India vide circular dated June 05, 2025, has provided for limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

RBI Issues Unified Lending Framework for Loans Backed by Gold & Silver

Reserve Bank of India vide notification dated June 06, 2025, has issued Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025

SEBI Streamlines Governance of Market Infra Institutions’ Key Roles

Securities and Exchange Board of India vide circular dated May 26, 2025, has provided process for appointment, re-appointment, termination or acceptance of resignation of specific Key Management Personnel (KMPs) of a Market Infrastructure Institution (MII)

SEBI Fixes Expiry Days for Equity Derivatives to Streamline Market Operations

Securities and Exchange Board of India vide circular dated May 26, 2025, has issued Final Settlement Day (Expiry Day) for Equity Derivatives Contracts

RBI Enables Relaxed Reporting for Past Partly Paid Unit Issuances via FIRMS

Reserve Bank of India vide notification dated May 23, 2025, has provided for reporting on FIRMS portal for Issuance of Partly Paid Units by Investment Vehicles

SEBI Extends Certification Deadline for AIF Key Investment Personnel to July 31, 2025

Securities and Exchange Board of India vide circular dated May 13, 2025, has provided extension of timeline for complying with the certification requirement for the key investment team of the Manager of AIF

SEBI Broadens Internal Audit Eligibility Criteria for Credit Rating Agencies

Securities and Exchange Board of India vide circular dated May 14, 2025, has issued composition of the Internal Audit team for CRAs

RBI Unveils Comprehensive Digital Lending Framework, 2025

Reserve Bank of India vide circular dated May 08, 2025, has issued Reserve Bank of India (Digital Lending) Directions, 2025

RBI Issues Framework to Streamline and Standardize Regulatory Formulation

Reserve Bank of India vide circular dated May 07, 2025, has issued policy statement for Framework For Formulation Of Regulations

SEBI Strengthens InvIT Financial Disclosure Framework with Revised Guideline

Securities and Exchange Board of India vide circular dated May 07, 2025, has issued Review of (a) disclosure of financial information in offer document/ placement memorandum, and (b) continuous disclosures and compliances by Infrastructure Investment Trusts (InvITs)

RBI Eases FPI Norms Investment Limits in Corporate Debt Withdrawn

Reserve Bank of India vide circular dated May 08, 2025, has provided relaxation for investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route

RBI Mandates Use of PRAVAAH Portal for Regulatory Submissions from May 1, 2025

Reserve Bank of India vide circular dated April 28, 2025, has issued processing of Regulatory Authorisations/ Licenses/ Approvals through PRAVAAH

SEBI Aligns Margin Collection Timelines with Settlement Cycle

Securities and Exchange Board of India vide circular dated April 28, 2025, has issued timelines for collection of Margins other than Upfront Margins –Alignment to settlement cycle

SEBI Enables Stock Brokers’ Entry into GIFT-IFSC via Separate Business Units

Securities and Exchange Board of India vide circular dated May 02, 2025, has issued Measure for Ease of Doing Business–Facilitation to SEBI registered Stock Brokers

RBI Introduces Cap on Compounding Penalty Under FEMA for Specific Cases

Reserve Bank of India vide circular dated April 24, 2025, has issued amendments to Directions - Compounding of Contraventions under FEMA, 1999

RBI Slashes Repo Rate for Primary Dealers to 6.00%

Reserve Bank of India vide circular dated April 09, 2025, has reduced repo rate under Standing Liquidity Facility for Primary Dealers

SEBI Clarifies Norms for Specialized Investment Funds (SIF)

Securities and Exchange Board of India vide circular dated April 09, 2025, has issued clarification on Regulatory framework for Specialized Investment Funds (‘SIF’)