📚 Extracted Documents

This document is a circular issued by the Securities and Exchange Board of India (SEBI) mandating disclosure requirements for Securitised Debt Instruments (SDIs). It outlines the requirement for special purpose distinct entities and trustees to submit half-yearly disclosures to SEBI and stock exchanges. The circular aims to protect investor interests and becomes effective on March 31, 2026.

This document is a circular issued by SEBI on December 8, 2025, providing clarification on digital accessibility requirements for digital platforms of regulated entities. It outlines compliance obligations for entities such as accessibility audits and reporting deadlines. The circular aims to protect investor interests and regulate the securities market, as stipulated under the Securities and Exchange Board of India Act.

This document is a circular issued by the Securities and Exchange Board of India (SEBI) on December 8, 2025, to all Alternative Investment Funds (AIFs). It details the modalities for migrating to AI-only schemes and relaxations for Large Value Funds for Accredited Investors under the SEBI (Alternative Investment Funds) Regulations, 2012. The circular outlines new regulations for fund categorization, investor qualifications, and compliance requirements.

This document is a circular issued by SEBI, announcing the reclassification of Real Estate Investment Trusts (REITs) as equity related instruments to encourage more investment from Mutual Funds and Specialized Investment Funds. It provides guidelines on how investments in REITs and InvITs should be treated and outlines the necessary changes for asset management companies. This circular is issued under SEBI's mandate to regulate securities markets and protect investors.

This SEBI circular announces a revised incentive structure for mutual fund distributors, specifically to encourage investments from new individual investors in B-30 cities and new women investors. Effective from February 1, 2026, the circular details new commission structures, exceptions, and guidelines for implementation. The intent is to broaden outreach and increase financial inclusion through additional commissions funded from investor education budgets.

This document is a circular issued by SEBI to registered debenture trustees, issuers of listed debt securities, and stock exchanges. It outlines the timelines and requirements for issuers to submit reports and certificates to debenture trustees to ensure due diligence and compliance with regulatory standards. The circular, effective from December 31, 2025, aims to protect investors and regulate the securities market.

This circular issued by the Securities and Exchange Board of India (SEBI) details modifications to Chapter IV of the Master Circular for Debenture Trustees regarding the Recovery Expense Fund (REF). The modifications clarify the purposes for which REF can be used and outline procedures for reimbursement in the event of default. The circular aims to enhance the enforcement process by providing clear utilization guidelines for debenture trustees.

This circular issued by the Securities and Exchange Board of India (SEBI) specifies the terms and conditions for Debenture Trustees (DTs) conducting activities outside SEBI's regulation. It details the procedural requirements for DTs to separate regulated and non-regulated activities, including maintaining separate records, disclosure obligations, and grievance mechanisms. The circular aims to protect investor interests and regulate the securities market effectively.

This document is a circular issued by SEBI extending the timeline for Qualified Stock Brokers to implement systems for the T+0 settlement cycle from November 1, 2025, due to challenges highlighted by the brokers. It reaffirms that the previous provisions remain unchanged and advises market infrastructure institutions to take necessary measures for the implementation. This is an official directive to all recognized stock exchanges, clearing corporations, depositories, and registered stock brokers.

This circular, issued by SEBI, provides an update to previously established guidelines for Investment Advisers. It allows for charging a fee on assets under pre-existing distribution arrangements for clients seeking a second opinion, subject to a limit of 2.5% annually. The circular revises specific clauses in the Master Circular for Investment Advisers and takes immediate effect.

This document is a circular issued by SEBI detailing an interim arrangement for Investment Advisers and Research Analysts to provide certified past performance data prior to the operationalization of the Past Risk and Return Verification Agency (PaRRVA). It sets out the conditions under which this data can be communicated to clients and highlights potential penalties for non-compliance. The circular aims to facilitate ease of doing business while ensuring compliance and protection for investors.

This document is a circular issued by the Securities and Exchange Board of India (SEBI), detailing the implementation of eligibility criteria for derivatives on non-benchmark indices (NBIs). It outlines specific prudential norms and a phased adjustment plan for the indices BANKEX and FINNIFTY, and a multi-tranche plan for BANKNIFTY. The circular instructs stock exchanges and clearing corporations to comply with these norms by specified deadlines.

This document is a circular issued by the Securities and Exchange Board of India (SEBI) detailing the process for Portfolio Managers to transfer their Portfolio Management Services (PMS) business. It outlines the necessary steps, approvals, and responsibilities involved in the transfer, both within the same group and to a different group. The document is issued under SEBI Act regulations to protect investors and regulate the securities market, and it came into effect immediately upon release.

This SEBI circular issued on October 15, 2025, provides a relaxation in the timeline for Angel Funds to disclose their allocation methodology to investors, extending the deadline to January 31, 2026. The circular is an amendment to earlier regulations pertaining to Alternative Investment Funds, specifically addressing conditions for Angel Funds. It reinforces the compliance requirements for Angel Funds while ensuring they adopt the prescribed allocation methodologies.

This is a circular issued by SEBI detailing modifications in the requirements for providing information to Audit Committees and Shareholders regarding Related Party Transactions (RPTs) by listed entities. It outlines the conditions under which certain information can be exempted, aimed at easing business operations. The circular is to be implemented immediately by listed entities, as directed by SEBI under its regulatory powers.

This document is a circular from SEBI regarding modifications to the Block Deal Framework on stock exchange platforms. It includes specific details such as new trading windows for block deals and price range regulations, effective from 60 days after issuance. It mandates MIIs to implement necessary changes and notify market participants.

This SEBI circular, issued by General Manager Aradhana Verma on September 30, 2025, outlines an extension and detailed timeline for the implementation of a framework concerning retail investors' participation in algorithmic trading. It provides specific milestones for stock brokers to register algo products and participate in mock sessions, with penalties for non-compliance. The circular aims to protect investor interests and regulate the securities market, instructing stock exchanges to ensure compliance.

This SEBI circular outlines compliance guidelines under the 'Rights of Persons with Disabilities Act, 2016' for all regulated entities, including stock exchanges and depositories, concerning mandatory digital accessibility. The guidelines specify compliance deadlines, such as appointing certified accessibility professionals by December 14, 2025, and conducting accessibility audits by April 30, 2026. This circular aims to ensure investors' interests are protected and the securities market is regulated effectively.

This document is a circular from SEBI dated September 19, 2025, outlining the updated framework for the Social Stock Exchange (SSE). It includes amendments to existing regulations, requirements for Not for Profit Organizations (NPOs), and annual disclosure obligations. The circular advises recognized stock exchanges and depositories on implementation measures and necessary updates in their regulations.

This is a SEBI circular issued on September 19, 2025, aimed at simplifying the process of securities transmission from nominees to legal heirs. It introduces a standard reason code 'TLH' to be used for reporting such transactions to the Central Board of Direct Taxes (CBDT) to avoid unnecessary capital gains tax on nominees. The circular directs RTAs and other involved entities to implement these changes by January 1, 2026 to align with taxation provisions.

This circular, issued by SEBI, outlines amendments to the Foreign Portfolio Investors (FPI) regulations, specifically for FPIs investing exclusively in Government Securities (GS-FPIs). It specifies changes in compliance requirements, such as KYC reviews and transition procedures between regular FPIs and GS-FPIs. The circular comes into effect on February 8, 2026, and aims to simplify regulatory compliance for these investors.

This is a circular issued by the Securities and Exchange Board of India (SEBI) revising the regulatory framework for Angel Funds under the Alternative Investment Funds (AIF) Regulations, 2012. It specifies new conditions and modalities, such as fund-raising, investment strategies, and compliance for Angel Funds, to improve business ease and risk management. The circular outlines the requirements for Angel Funds including qualifications for investors, investment limits and lock-in periods.

This document is a circular issued by SEBI addressing Alternative Investment Funds (AIFs) regarding a new framework for co-investment within the AIF structure. It details the operational procedures for implementing a co-investment scheme, compliance requirements, and regulatory guidelines aimed at enhancing ease of business for AIFs. The circular became effective immediately upon release on September 9, 2025.

This document is an official order from the Securities and Exchange Board of India (SEBI) titled 'General Order No 1 of 2020'. It outlines procedures for issuing observations on draft offer documents when there are pending regulatory actions such as investigations or show cause notices against issuers or related parties. The order aims to regulate how SEBI handles such cases while ensuring compliance and transparency in securities offerings.

This document is an official order issued by the Securities and Exchange Board of India (SEBI) titled 'SEBI (Prohibition on Raising Further Capital From Public and Transfer of Securities of Suspended Companies) Order, 2015'. The order restricts suspended companies and their affiliates from issuing prospectuses and transferring shares until certain conditions are met, aiming to protect investors and maintain market integrity. It strengthens enforcement of listing conditions at stock exchanges.

This document is a General Order issued by the Securities and Exchange Board of India (SEBI) in 2012. It outlines criteria for the rejection of draft offer documents for securities issues, including criteria related to capital structure, the object of the issue, business models, and financial statements. The order aims to protect investors by ensuring adequate and fair disclosures and emphasizes SEBI's authority to reject non-compliant documents.

This document is an amendment order by the Securities and Exchange Board of India (SEBI), modifying a prior General Order from 2006 related to observations on draft offer documents when regulatory actions are pending. It details specific changes to clauses concerning investigations and observations pending determination by authorities. It was issued under Section 11A of the SEBI Act, 1992 and signed by Executive Director Sandeep P. Parekh.

This document is a general order issued by the Securities and Exchange Board of India (SEBI) concerning the issuance of observations on draft offer documents when regulatory actions are pending. It specifies that if there is a probable cause of regulatory action against entities, SEBI will hold observations in abeyance for a specific period. The document outlines the procedures for handling cases where there are ongoing investigations, adjudications, or show cause notices.

This document is a public notice from SEBI regarding the submission of original PACL certificates for a refund process. The notice is part of SEBI's ongoing proceedings concerning the properties and investments associated with PACL Limited. Interested parties are instructed on how to submit the necessary documentation for the refund scheme.