Disgorgement vs. Penalties: SAT Clarifies Tax Adjustments in SEBI Cases
The SAT ruled that income tax paid on unlawful gains cannot be offset against SEBI-ordered disgorgement, reaffirming the integrity of disgorgement as a remedy.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The SAT ruled that income tax paid on unlawful gains cannot be offset against SEBI-ordered disgorgement, reaffirming the integrity of disgorgement as a remedy.
SEBI has approved comprehensive reforms aimed at simplifying compliance processes for securities markets. These include revisions to buy-backs, mutual funds, AIFs, and investor protections.
SEBI proposes a revamped API-based framework to enhance trade processing efficiency by replacing the centralized STP Hub with direct connections between service providers.
SEBI has proposed significant amendments to the regulatory framework for exchange-traded derivatives, aiming to simplify compliance norms and eliminate outdated provisions through a consolidated consultation paper.
SEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
SEBI has proposed comprehensive amendments to the Buy-Back Regulations, reintroducing open market buy-backs and simplifying compliance requirements to enhance investor protections.
SEBI has proposed extensive revisions to the Portfolio Managers Regulations, emphasizing new investment avenues and compliance measures with comments due by August 13, 2026.
SEBI has issued a draft circular seeking comments on significant changes to the online dispute resolution framework for the securities market, including revised processes and roles for market intermediaries.
SEBI has initiated an ISIN-level buy-back freeze that introduces promoter trading restrictions during buy-backs. This framework aims to enhance preventive compliance in the securities market.
SEBI revised its Master Circular to clarify early pay-in margin rules in the commodity derivatives segment, allowing Clearing Corporations to waive margins based on risk perception.
SEBI seeks feedback on proposed changes to trading software and IT regulations aimed at enhancing efficiency. The changes intend to modernize the compliance framework and streamline operational norms.
SEBI proposed reforms to the Pre-open Call Auction mechanism to address concerns of artificially suppressed prices in IPOs and re-listed stocks, including revised pricing rules.