Non-Connected Person Can Be Insider Under PIT Rules
SAT rules non-connected individuals may qualify as insiders under SEBI PIT Regulations if they possess UPSI, expanding insider liability beyond formal corporate connections.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SAT rules non-connected individuals may qualify as insiders under SEBI PIT Regulations if they possess UPSI, expanding insider liability beyond formal corporate connections.

Shardul Amarchand Mangaldas advised lead managers on Bharat Forge’s ₹2,000 crore qualified institutional placement, facilitating swift capital raising via equity issuance.
RBI publishes results of ₹34,000 crore auction for 6.94% Government Stock 2036. Cut-off yield at 7.1450%, with ₹83,880 crore bids received.
RBI releases indicative calendar for Government of India dated securities, including Sovereign Green Bonds, for second half of FY27.
RBI to auction ₹9,000 crore 91-day, ₹8,000 crore 182-day, and ₹10,000 crore 364-day T-bills on September 30, 2026. Settlement on October 1.
The Bombay High Court has reaffirmed that only SEBI has the prosecutorial authority in front-running cases, reiterating the Section 26 bar.
SEBI has proposed a framework for distributing fixed income securities through online bond platforms, inviting public comments for the implementation of eligibility and fees by September 11, 2026.
The Bombay High Court reiterated that only the Securities and Exchange Board of India (SEBI) has the authority to prosecute front-running cases, citing Section 26 of the SEBI Act. This reinforces the regulatory framework governing financial misconduct in India.
The Securities and Exchange Board of India (SEBI) has proposed new settlement regulations aiming to simplify the settlement mechanism and lower the settlement amounts involved. Public comments on these proposals are invited until September 4, 2026.
The Securities and Exchange Board of India (SEBI) has modified the Operational Guidelines for the OBPP Framework to allow inclusion of IFSCA products and 54EC bonds. These changes are effective immediately and introduce new compliance requirements.
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.