Alternative Investment Funds
5 mentions in the news, newest first.
Read the note on this topic →- 2026-09-11
RBI and SEBI launch Demat 2.0 pilot for tokenised corporate bonds
Reserve Bank of India Governor Sanjay Malhotra and Securities and Exchange Board of India Chairman Tuhin Kanta Pandey launched the Demat 2.0 pilot for tokenised corporate bonds at the Global Fintech Fest 2026 in Mumbai on 10 September 2026. Three companies issued tokenised bonds under the pilot using distributed ledger technology, REC Limited and Larsen & Toubro each raising Rs 500 crore and IIFL raising Rs 25 crore, taking the total to about Rs 1,025 crore. Settlement for the tokenised bonds uses the central bank digital currency, the digital rupee issued by the RBI, which the regulators said allows faster and more transparent transactions than the conventional demat system. SEBI said the tokenisation framework could later extend beyond corporate bonds to equities, mutual fund units and electronic gold receipts.
- 2026-09-10
Supreme Court sends SEBI's Vedanta buyback fraud case back to SAT for fresh hearing
The Supreme Court on 9 September 2026 remanded to the Securities Appellate Tribunal (SAT) a dispute between the Securities and Exchange Board of India and Vedanta Limited over allegations that a Rs 5,725 crore Cairn India share buyback announcement was made without a genuine intention to complete it. A bench of Justices J B Pardiwala and K V Viswanathan held that release of the escrow amount deposited for the buyback does not, by itself, prevent SEBI from separately examining whether the company committed fraud under its Prohibition of Fraudulent and Unfair Trade Practices Regulations. The Court flagged an apparent contradiction in SEBI's own investigation, a February 2016 report that found no material impact on the share price from the announcement, against a March 2017 report that treated the same conduct as fraud, and directed SAT to decide the fraud question afresh within six months, examining trading data and relevant officials as needed.
- 2026-09-03
SEBI's modified nomination framework for demat accounts and MF folios takes effect
A modified nomination framework from the Securities and Exchange Board of India, notified through a circular dated 29 May 2026, took effect on 1 September 2026. From this date, every new single holder demat account or mutual fund folio must carry either a nominee or a signed declaration opting out of nomination, while joint holdings remain exempt from the requirement. SEBI said the framework is intended to ease the transmission of investments to legal heirs and reduce the pool of unclaimed financial assets sitting in the securities market. The requirement applies to newly opened single holder accounts and folios rather than retrospectively freezing existing ones without a nominee.
- 2026-08-29
SEBI bars Trafiksol ITS Technologies and its promoters from securities market for a year
The Securities and Exchange Board of India (SEBI) on Friday (28 August 2026) barred Trafiksol ITS Technologies Limited and its promoters, Jitendra Narayan Das and Poonam Das, from accessing the securities market for one year and imposed penalties totalling Rs 1.05 crore, with Trafiksol fined Rs 30 lakh, Jitendra Das Rs 50 lakh and Poonam Das Rs 25 lakh. SEBI's investigation found that Trafiksol had inflated its 2023 to 24 revenue by Rs 22.01 crore through transactions routed via related entities, and identified fictitious purchases worth Rs 8.95 crore, in connection with the company's proposed Rs 44.87 crore SME initial public offering. The regulator directed the company and its promoters to pay the penalties within 45 days.
- 2026-08-26
SEBI introduces an IT Resilience Index for stock exchanges and depositories
The Securities and Exchange Board of India introduced an IT Resilience Index, called ITRI, for market infrastructure institutions such as stock exchanges, clearing corporations and depositories. The framework measures the robustness of critical IT systems on a 100 point scale across nine parameters, with availability and security carrying the highest weight at 20 points each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10 points each, and scalability and incident handling at 5 points each. Market infrastructure institutions must develop an early warning system to detect possible deterioration in any parameter, and will compute the index on a half yearly basis, with the first computation covering the half year ending 31 March 2027, submitting a comparative analysis and corrective actions to their governing boards.