Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Securities and Exchange Board of India (SEBI) has approved a settlement for DMI Income Fund concerning a Foreign Portfolio Investor (FPI) compliance case related to delayed disclosures. The fund will pay ₹27.6 lakh to settle the matter.
SEBI clarifies that Alternative Investment Fund units are not treated as mutual funds and remain subject to prudential limits under Portfolio Managers Regulations.
SEBI has updated the certification norms for specialized investment fund distributors, replacing the Series XIII certification with NISM Series V-D.
SEBI clarifies compliance obligations under Regulation 62A for entities assuming outstanding unlisted NCD obligations after restructuring.
SEBI has revised the securities transmission framework, introducing QTP with standardized documents and streamlined processing timelines effective July 23, 2026.
A detailed guide on the SEBI SCORES authentication process has been released, covering complaint handling, compliance obligations, and timelines for registered intermediaries.
SEBI has amended the Mutual Funds Regulations to permit intraday borrowing for timing mismatches, providing greater operational flexibility to fund managers, effective from September 2026.
S. Vivek, a 15-year capital markets veteran, has rejoined Cyril Amarchand Mangaldas as Partner in Bengaluru. He previously worked at CAM from 2016 to 2019 and brings in-house fintech experience.
Maharashtra Oil Extractions Ltd files DRHP for ₹3,700 million fresh issue, disclosing business operations, financials, key risks, and ongoing litigation.
SEBI's recent notification establishes a requirement for custodians to report and remit fees on a monthly basis, effective October 1, 2026. This change is aimed at ensuring timely oversight of custodian activities.