India: Commodities/Derivatives/Stock Exchanges

RBI by notification dated 25.06.2026 has notified the RBI (Credit Derivatives) Directions, 2026 (“CD Directions”) to supersede the Operational Instructions - Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors dated 10.02.2022 (“Earlier Directions”).

SEBI's intensified scrutiny of "General Corporate Purposes" in IPO offer documents reflects a fundamental shift in how regulators view the deployment of public capital. What began as a modest catch-all for operational flexibility has evolved into allocations reaching 25-35% of issue proceeds, prompting questions about transparency, investor protection, and the true intentions behind these vague funding categories.

The Securities and Exchange Board of India (“SEBI”), at its board meeting held on June 19, 2026, approved amendments to the SEBI (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”) to re-introduce open market buy-backs through the stock exchange route with effect from August 1, 2026.

The Securities and Exchange Board of India ("SEBI") vide its circular dated 07.04.2026 ("SEBI Observations Circular")1 has granted a one-time relaxation with respect to the validity of SEBI observation letters issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations").

Reserve Bank of India through circular no. RBI/2026-27/10 A.P. (DIR Series) Circular No. 06 dated 10.04.2026 notified the amendment to the Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025.

SEBI through Circular dated 08.04.2026 (“EODB Circular”) has introduced a mechanism for lock-in of pledged shares.

India's e-commerce compliance framework has undergone a material shift with the notification of G.S.R. 128(E) dated 13 February 2026, published...

SEBI by way of circular dated 16.01.2026 ("CAS Circular"), has introduced a Closing Auction Session ("CAS") in the equity cash segment and modified the PreOpen Auction Session framework.

The Assessee is one of the directors of companies of Mohan India Group i.e., M/s Mohan India Pvt Ltd., Tavishi Enterprises Pvt Ltd. and Brinda Commodities Pvt Ltd.