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SEBI’s Jane Street Order: Unpacking HFT Manipulation and Regulatory Shortfalls
The Jane Street saga highlights the urgent and immediate need for SEBI to undertake a transition from a model that relies on reactive enforcement to a modernistic, proactive, and integrated oversight model.
Akshansh Pandey
Aug 24, 20256 min read
The Significant Role of Hedge Fund Activists vis-à-vis Minorities’ Rights Protection in M&A regime
The significant influence of hedge fund activists in the M&A regime have significantly altered the corporate governance in India. While they provide mechanism for key deals to go through, they are also able to suppress minority voices in a company which can take the form of their parochial focus on short-term profit maximization.
Jayanti Dhingra
Aug 17, 20259 min read
How Sanjiv Bhasin's Front-Running Case Exposed the Cracks in SEBI’s Regulatory Safeguards
Although India has a robust legal framework to penalize front-running, such incidents remain routine. This persistence stems not just from legislative shortfalls but also from technological, structural, and institutional enforcement deficits.
Srishti Singh
Aug 17, 20256 min read
Navigating Intellectual Property Risks of AI-Generated Works Through Corporate Governance
The intersection of corporate governance and AI-related intellectual property presents a complex yet evolving opportunity which demands adaptive governance frameworks.
Rishi Dev
Aug 16, 20256 min read
Déjà Suit: A Quest for Finality in SEBI’s Functions
While res judicata has been firmly applied to SEBI’s quasi-judicial functions, its administrative actions remain largely untouched by the principle.
Nandita Karan Yadav
Aug 11, 20256 min read
Discretion as Policy: RBI’s Strategic Sovereignty and New Foreign Banking Framework
The country’s policies for financial liberalization are not based entirely on ideology anymore; they depend on the situation and are carefully planned. How the RBI allows foreign banks to be involved evidences the growth and maturity of the financial system. It is putting in place a filter to invite foreign money if it follows the country’s financial rules, encourages more trust in national politics, and matches what the nation aims to achieve.
Shivanshu Shivam
Aug 11, 20256 min read
The Digital Handshake Reimagined: Can MeitY’s Consent Management System Bridge the DPDPA-Clickwrap Divide?
MeitY’s CMS serves as an accelerator in India’s journey towards informed consent in clickwrap agreements. By introducing features like purpose-specific consent, user friendly interface, consent artifacts, immutable audit trails, the CMS seeks to ensure that users are able to make the right choice while granting their consent to data processing.
Ishtmeet Kaur
Aug 11, 20256 min read
Co-Investments and SEBI’s CIV Model: A Reform SHADOWED BY AMBIGUITIES
As foreign jurisdictions adopt flexible CI frameworks, India must also reform its approach to overcome its competitive disadvantage. Thus, timely corrections will be key to unlocking the full potential of the Indian CI ecosystem.
Anshika Kaushik
Aug 10, 20256 min read
Mergers in the Insurance Sector: Revisiting the Framework under Section 35
The fragmented jurisprudence following the Shriram case, where tribunals stepped in to harmonize overlapping statutes, underscores the urgent need for regulatory clarity. Given the legislative silence on cross-sector mergers and the potential risks identified by IRDAI, a forward-looking solution should be regulatory.
Sajjad Momin
Aug 10, 20256 min read
SEBI’S CIV Model: What's in Store for Investors?
SEBI’s approval of the CIV scheme as a model for co-investing in AIFs is a significant step towards modernizing the private capital market of India and aligning it with global standards. Streamlining co-investment processes, it provides much-needed flexibility and enhances the ease of doing business.
Sudarshana Mahanta
Aug 9, 20256 min read
Algorithmic Credit Risk Assessment and RBI’S Ignorance: Time for Action
As India is witnessing the rapid expansion of digital lending in its financial sector, it becomes increasingly important to redefine its regulatory framework accordingly. While the use of AI models and ML in credit risk assessment helps in improving the overall efficiency and scalability, the challenges like AI-bias, data protection, and lack of transparency call for prompt intervention.
Shivam Agrawal, Disha Daga
Aug 9, 20257 min read
Regulating Capital at a Cost: A Commercial-Legal Analysis of RBI’s Draft AIF Directions
The Draft Directions mark a welcome evolution from the prohibitive regime of 2023. By introducing proportionality, excluding hybrid instruments and exempts REs from compliance requirements where their exposure to an AIF scheme is limited to 5%, RBI has made significant attempt to balance systemic concerns with market growth.
Shlok Sharma
Aug 8, 20256 min read
Independent Directors in India: Guardians of Governance or Paper Tigers?
This article critically analyzes the legal obligations of independent directors in India, compares them to the situation on ground, and investigates whether recent reforms have gone far enough in transforming these “toothless tigers” into actual guardians of the public interest and shareholders. The article also gives recommendations which, if incorporated, might help empower independent directors to effectively oversee corporations.
Sarfraz Alam
Aug 3, 20256 min read
When Seconds Matter: How BSE’s Data Lapses Shook Market Trust
For the investors, the message is clear: you cannot necessarily compete on speed, but you can compete on depth by paying attention to fundamentals, checking public filings, and being sensitive to nuanced changes in company disclosures. As India's capital markets develop, it is the responsibility of both regulators and market players to maintain the faith that is the bedrock of every transaction.
Sahil Sachin Salve
Aug 3, 20255 min read
Navigating Valuation Anomalies and Regulatory Complexities in Compulsorily Convertible Debentures
Corporate strategy, financial intelligence, and regulatory discipline interact cautiously in the CCD ecosystem. Companies must view CCD transactions as long-term commitments to governance, transparency, and shareholder fairness rather than just as capital-raising activities.
Atharv Khanna
Aug 2, 20256 min read
Interplay of Competition Law and Hostile Takeovers in India
Prior to the amendment of the Act, hostile takeovers and other time sensitive acquisitions were difficult to implement due to the existence of a standstill obligation. The insertion of Section 6A is a step towards facilitating hostile takeovers in the future.
Ayush Gairola
Aug 2, 20256 min read
A Re-Evaluation of the Indian Arbitration Framework for O&M Suits in Quasi-Partnerships
The author argues that the Indian position of barring arbitration for O&M suits should be relaxed for the few companies that have been recognized by courts as quasi-partnerships.
Sanjana Rao
Aug 1, 20256 min read
Co-Investment Vehicle: Does it Drive the Point Home?
The SEBI-recommended CIV framework is a positive measure towards simplifying the co-investment regime by eradicating duplicative compliance requirements and allowing quicker execution. Nevertheless, its limited scope, restricting participation to existing AIF investors and accredited investors, may counteract the universal objective of democratizing access to private equity opportunities.
Hemendra Vaishnav, Arzoo Kedia
Jul 26, 20257 min read
Behind the Corporate Veil: India's Hunt for Significant Beneficial Owners
The regulatory focus on transparency related to beneficial ownership is not an episodic event but rather a fundamental change to how corporate governance is constructed globally. Enforcement actions in India signal that regulators are serious about this shift and are committed to it going forward.
Vedansh Pathak
Jul 25, 20255 min read
Algorithmic Trading and Retail Investors: Rethinking SEBI’s Regulatory Framework
Considering the fact that before these guidelines, the entire algo trading market for retail investors thrived in an unregulated sphere, one must appreciate this circular for its timely intervention in this sector.
Priyam Mitra
Jul 19, 20256 min read
Redesigning Regulatory Integrity: Addressing Conflicts of Interest in SEBI’s Board Structure
The authors discuss how the CoI Code falls short of aptly regulating the potential instances of conflict of interest, especially in light of the tech related advancements that have taken place over time.
Kumar Aryan, Navjot Punia
Jul 13, 20256 min read
Redefining UPSI: The 2025 Insider Trading Amendment’s Wider Net and Its Corporate Governance Fallout
While the 2025 amendment reflects a commendable effort to bring definitional certainty to the insider training framework, its efficiency hinges on whether SEBI can balance clarity and adaptability.
Vedansh Raj
Jul 12, 20257 min read
Reimaging Bank Resolution in India: Post-FRDI Model with Global Insights
In light of the emerging complexities and a consequent need for a designated framework to tackle the failure of banks, India must move beyond ad-hoc mechanisms and create a proactive and accountable framework.
Disha Daga, Shivam Agrawal
Jul 11, 20257 min read
Crypto Asset Reforms: From Wild West to Well-Regulated India
The current patchwork approach (neither recognizing crypto-assets as legal tender nor banning them outright, coupled with a flat 30% tax on gains) leaves investors and service providers in limbo.
Shivangi Nawalkha, Nimish Maheshwari
Jun 30, 20257 min read
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