Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 15 JULY 2025

India – Recent Securities Law Developments

Majmudar & Partners
Majmudar & Partners
Contributor
Majmudar & Partners

Majmudar & Partners

Majmudar & Partners, established in 1943, is one of India’s premier law firms representing leading...

View firm profile
Explore more from Majmudar & Partners

The Securities and Exchange Board of India has, recently, approved amendments to the SEBI (Issue Capital and Disclosure Requirements) Regulations, 2018, and has mandated that …

IndiaCorporate/Commercial Law
Akil Hirani
Akil Hirani
Tanisha Agrawal
Tanisha Agrawal
Author LinkedIn connections

1. Dematerialization of physical securities of shareholders before filing the DRHP

The Securities and Exchange Board of India (the "SEBI") has, recently, approved amendments to the SEBI (Issue Capital and Disclosure Requirements) Regulations, 2018 (the "ICDR Regulations"), and has mandated that selling shareholders, key managerial personnel, senior management, directors, qualified institutional buyers ("QIBs"), employees, shareholders with special rights and all entities regulated by financial sector regulators, should dematerialize their shares before filing the Draft Red Herring Prospectus ("DRHP"). This move is expected to, inter alia, facilitate faster share transfers, eliminate the loss of and damage to physical securities, enhance transparency, and reduce fraud and forgery.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.
IndiaCorporate/Commercial Law
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

A Sneak Peek Into A Historic Deal In The Entertainment Industry: How Paramount Beat Netflix For Warner Bros. – Lessons And Reforms For India

Chanakya, the ancient Indian strategist and author of the Arthashastra, taught that an opponent is overcome through four means: sama (persuasion), dana (inducement), bheda (division) and danda (force). The contest for Warner Bros. Discovery (WBD) is a modern illustration of all four. Netflix made the first offer and signed a merger agreement with WBD, yet Paramount played each of its cards with care.
IndiaCorporate/Commercial Law
Hammurabi & Solomon Partners
Hammurabi & Solomon Partners
Article

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.
IndiaCorporate/Commercial Law
AZB & Partners
AZB & Partners
Article

India’s IRDAI Overhauls The Insurance Company Share Transfer And Amalgamation Framework

On July 30, 2026, the Insurance Regulatory and Development Authority of India (the “IRDAI”) notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026 (the “Amendment Regulations”), amending the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (the “Principal Regulations”).
IndiaInsurance
Majmudar & Partners
Majmudar & Partners
Article

IRDA Proposes To Recalibrate The Economics Of Insurance Distribution

The Insurance Regulatory and Development Authority of India (“IRDAI”) released a public consultation paper last month titled, “Recalibrating Economics of Insurance Distribution” (the “PCP”), inviting stakeholder comments. Aligned with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, the PCP addresses IRDAI’s concern that distribution costs have risen disproportionately to premium growth without corresponding improvements in policyholder outcomes or insurance penetration.
IndiaInsurance
Majmudar & Partners
Majmudar & Partners
Article

Can One Person Simultaneously Hold Two Key Managerial Personnel (KMP) Offices In India?

On June 29, 2026, the Registrar of Companies, Gwalior (“ROC”), in the matter of EKI Energy Services Limited (“EESL”/ “Company”), adjudicated that an individual cannot simultaneously hold the office of whole-time director (“WTD”) and chief financial officer (“CFO”). In this article, we analyze the ROC’s findings, its legal reasoning, and the broader governance implications for Indian companies.
IndiaCorporate/Commercial Law
Majmudar & Partners
Majmudar & Partners