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Investment Law Securities

Partial Measures: How SEBI’s REIT & InvIT Reforms Fall Short of Global Standards

Nayonika Sharma and Morvi Sharma I. Introduction On February 5, SEBI released Consultation Paper titled “Measures Towards Ease of Doing Business for REITs and InvITs,” proposing four amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The proposals are based on recommendations of the Hybrid Securities Advisory Committee [“HYSAC”].  This blog contends that, while the […]

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Securities

Trapped Capital, Silent Funds: Rethinking SEBI’s AIF Exits

Anuja Chatterjee & Sahil Singh Introduction: The Exit Problem in India’s Growing AIF Market The growth of Alternative Investment Fund (AIF) in India has been remarkable since the introduction of AIF Regulations in 2012 by the Securities and Exchange Board of India (SEBI). By FY 202425, the industry will have more than 1,300 registered funds […]

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Securities

Digital Gold: Navigating Regulatory Frameworks and Investors’ Confidence

Saloni Rani I. Introduction Digital Gold allows an investor to purchase and sell gold online without any physical visits. It has gained prominence in a very short period because it does not create any blanket ban on the quantity of gold to be purchased and most importantly, it saves time and efforts of investors. The […]

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Constitutional Law Securities

SEBI’s ‘WhatsApp Leak Case’ Order: An unusual Precedent?

Abhishek Iyer Introduction Back in 2017, several media reports emerged about the circulation of Unpublished Price Sensitive Information [Hereinafter “UPSI”] of about 12 listed companies in various private WhatsApp group chats. On 29th May, 2020, Securities and Exchange Board of India [Hereinafter “SEBI”] through its Adjudication Order[1] imposed a penalty of Rs. 45 lakh and […]

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Securities

Solving The Problem of Information Asymmetry in Social Impact Investments: Analysing SEBI’S Proposed Social Stock Exchange

By Anurag Shah Introduction The Securities and Exchange Board of India on June 1st, 2020 released the working paper for the introduction of a ‘Social Stock Exchange’ (Hereinafter referred to as SSE).[1] As the working paper accurately states, this idea was introduced by our Finance Minister and has been under consideration since the last financial […]