Rajesh Exports Allegedly Misrepresented 99.8% Of Consolidated Revenue: SEBI In Interim Order Continuing Curbs

The Securities and Exchange Board of India (SEBI) on Wednesday continued interim restrictions on Rajesh Exports Limited and its promoter Rajesh Mehta, over alleged misrepresentation of the company's financial statements, undisclosed related-party transactions and concerns over the use of company funds. In its October 14 order, SEBI Whole-Time Member Kamlesh C. Varshney found that the company had failed to rebut several prima facie findings recorded in the interim order, including the alleged...

SEBI Proposes Freezing Promoters' Demat Accounts Over Failure To Disclose Use Of IPO Funds

The Securities and Exchange Board of India (SEBI) has proposed a graduated enforcement mechanism under which stock exchanges would intimate depositories to initiate the freezing of promoters' demat accounts if listed companies fail to cooperate with agencies monitoring the utilisation of funds raised through securities issues. Under the proposal, stock exchanges would first issue notices to non-compliant listed companies. If the monitoring agency fails to submit a subsequent complete report...

SAT Sets Aside Order Allowing Chanda Kochhar Access To ICICI Bank's Internal Portal In Videocon Case

The Securities Appellate Tribunal has set aside its earlier direction permitting former ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar to inspect the Bank's Secretarial Portal and access electronic data stored on its servers and devices in connection with the ICICI Bank-Videocon Group matter.A coram of Presiding Officer Justice P.S. Dinesh Kumar and Technical Members Meera Swarup and Dr. Dheeraj Bhatnagar held that the data was neither in the possession of the Securities...

SAT Sets Aside ₹35,400 BSE Fine On Calcom Vision Over Missing Audit Report Pages

The Securities Appellate Tribunal has set aside a ₹35,400 fine imposed by the Bombay Stock Exchange (BSE) on Calcom Vision Limited after two pages of its limited review reports were inadvertently omitted during scanning, accepting the company's explanation that the mistake was unintentional."The facts recorded herein persuade us to accept appellant Company's explanation that the non-filing two pages containing CA's signature and UDIN was due to bona fide inadvertence. In a case of this nature,...

SEBI Introduces Six Tier Colour-Coded Credit Risk Indicator For Debt Securities

The Securities and Exchange Board of India (SEBI) has introduced a 'Credit Risk-o-Meter' to help investors assess the credit risk of debt securities through a colour-coded visual indicator.Under a circular dated October 7, 2026, the Credit Risk-o-Meter will be mandatory in offer documents, abridged prospectuses, private placement memorandums, advertisements and the web and mobile platforms of Online Bond Platform Providers (OBPPs). The framework maps existing credit ratings into six risk...

SAT Disposes Of Appeals By Hindenburg-Named Mauritius Funds After SEBI Agrees To Share Opinion

The Securities Appellate Tribunal at Mumbai has recently disposed of five appeals filed by Mauritius-based investment funds after the Securities and Exchange Board of India (SEBI) agreed to furnish them with a complete copy of the opinion/ file noting prepared by its Adjudicating Officer. A coram of Presiding Officer Justice P. S Dinesh Kumar, Technical Members Meera Swarup and Dr. Dheeraj Bhatnagar passed the order. The appeals were filed by LTS Investment Fund Limited, Asia Investment...

SEBI Launches 'Samajh Se Investing Simple' Campaign, MUST Initiative Under Project Jagrook

The Securities and Exchange Board of India (SEBI) has launched the 'Samajh Se Investing Simple' investor awareness campaign and the 'Mentoring of University/College Students by Trainers (MUST)' initiative under Project Jagrook, aimed at strengthening financial literacy and promoting informed investment practices. The campaign was launched at Panjab University, Chandigarh, as part of World Investor Week 2026, being observed in India from October 5 to 11, 2026 on the theme 'Samajh Se Investing...

SEBI Opens Local Office In Chandigarh For Investor Grievance Redressal, Financial Education

The Securities and Exchange Board of India (SEBI) has inaugurated a Local Office in Chandigarh to facilitate investor grievance redressal, promote financial literacy and engage with securities market participants in Punjab, Haryana and the Union Territory of Chandigarh.SEBI's Chairman Tuhin Kanta Pandey inaugurated the office on October 5, 2026. The office is located at SCO No. 20-25, 2nd Floor, Jeevan Prakash Building, Sector 17B, Chandigarh.The Chandigarh office will function under the...

Pancard Clubs Case: Supreme Court Appoints Justice Sudhanshu Dhulia-Led Committee To Auction Properties

The Supreme Court has designated a committee headed by former Supreme Court judge Justice Sudhanshu Dhulia as the Asset Sale Committee to oversee the auction of properties of Pancard Clubs Ltd (PCL) and facilitate recovery for investors. The Court noted that, according to SEBI, PCL owes ₹7,035 crore to its investors following allegations of fraudulent fund mobilisation through an unregistered Collective Investment Scheme. A division bench of Justices J.B. Pardiwala and K.V. Viswanathan...

SEBI Revamps Document Verification System To Verify Letters, Notices Issued By Regulator

The Securities and Exchange Board of India (SEBI) has revamped its Document Number Verification System (DNVS), allowing recipients to check whether a letter or notice was issued by the regulator.The regulator had launched the system in April 2025. The revamped version now requires the subject matter of a SEBI letter as a mandatory detail when verifying a physical letter or notice. It has also been aligned with the Outward Number format generated through the outward module of SEBI's E-Office...

SEBI Directs Stock Brokers To Display Investor Awareness Messages On Websites, Trading Apps

The Securities and Exchange Board of India (SEBI) has directed stock brokers to display investor awareness messages on their websites and trading applications as part of its Project Jagrook, aimed at promoting investor safety and awareness.Under the circular issued on October 1, 2026, SEBI said that stock brokers must display the investor awareness messages provided by it on their websites and trading apps in the manner specified.For websites, brokers must display the investor awareness messages...

Supreme Court Upholds MCX Circular Allowing Negative Settlement Pricing For Crude Oil Futures

The Supreme Court on Thursday refused to interfere with the Bombay High Court judgment upholding the validity of Multi Commodity Exchange of India Ltd. (MCX)'s April 21, 2020, circular permitting negative settlement pricing for crude oil futures.The High Court had dismissed a batch of petitions filed by Dhanera Diamonds and others challenging MCX's circular dated 21 April 2020, which fixed the final settlement price of crude oil futures at Rs. -2,884 per barrel following the global oil price...