May, 2025 - MMJC

Background Securities and Exchange Board of India (Prohibition of Insider Trading), regulations, 2015 [‘PIT’] vide its amendment notification dt: March 12, 2025, amended the definition of ‘Unpublished Price Sensitive Information’ as per reg. 2(1)(n) of PIT [‘UPSI’]. Post this amendment events that are ordinarily considered as UPSI have increased from five events to sixteen events.

The Securities and Exchange Board of India (SEBI) has issued a consultation paper on April 30, 2025, proposing a major amendment to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).Making it mandatory for a wider group of pre-IPO shareholders to convert their physical shares into electronic (demat) form before the company