Mutual Funds Regulations, 2026
Last amended 2026-07-07 · Mutual funds and AMCs
SEBI and Securities — Current Regulation, Circular and Case Corpus
Current 2026 regulation inventory, regulation maps, master-circular paragraph pages, product modules, forms, adjudication, settlement and case citator.
SEBISecurities42 Regulations25 current master circulars
Current 2026 regulation inventory
The local register contains all 42 instruments shown on SEBI’s updated Regulation list, including the 2026 Mutual Funds and Stock Brokers Regulations.
Stock Brokers Regulations, 2026
2026-01-08 · Stock brokers and clearing members
Procedure for making, amending and reviewing of Regulations Regulations, 2025
2025 · SEBI rulemaking
Registrars to an Issue and Share Transfer Agents Regulations, 2025
2025 · RTAs
Index Providers Regulations, 2024
Last amended 2024-11-28 · Index providers
Delisting of Equity Shares Regulations, 2021
Last amended 2025-09-03 · Listed equity/delisting
Issue and Listing of Non-Convertible Securities Regulations, 2021
Last amended 2026-01-21 · Debt issuers
Share Based Employee Benefits and Sweat Equity Regulations, 2021
Last amended 2025-12-04 · Listed employee benefits
Vault Managers Regulations, 2021
Last amended 2025-02-10 · Electronic gold receipts
Portfolio Managers Regulations, 2020
Last amended 2025-09-03 · Portfolio managers
Foreign Portfolio Investors Regulations, 2019
Last amended 2025-12-03 · FPIs and DDPs
Appointment of Administrator and Procedure for Refunding to Investors Regulations, 2018
2018 · Investor refunds
Buy-back of Securities Regulations, 2018
Last amended 2024-11-28 · Listed buybacks
Depositories and Participants Regulations, 2018
Last amended 2025-11-22 · Depositories/DPs
Issue of Capital and Disclosure Requirements Regulations, 2018
Last amended 2026-03-21 · Public issues/issuers
Settlement Proceedings Regulations, 2018
Last amended 2024-11-28 · Settlement
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
Last amended 2025-11-22 · MIIs
Issue and Listing of Municipal Debt Securities Regulations, 2015
Last amended 2023-08-18 · Municipal issuers
Listing Obligations and Disclosure Requirements Regulations, 2015
Last amended 2026-01-22 · Listed entities
Prohibition of Insider Trading Regulations, 2015
Last amended 2025-03-12 · Insiders/listed entities
Infrastructure Investment Trusts Regulations, 2014
Last amended 2026-04-17 · InvITs
Real Estate Investment Trusts Regulations, 2014
Last amended 2026-04-18 · REITs
Research Analysts Regulations, 2014
Last amended 2025-11-25 · Research analysts
Investment Advisers Regulations, 2013
Last amended 2025-11-25 · Investment advisers
Alternative Investment Funds Regulations, 2012
Last amended 2026-04-18 · AIFs/managers
Substantial Acquisition of Shares and Takeovers Regulations, 2011
Last amended 2025-12-05 · Takeovers
KYC Registration Agency Regulations, 2011
Last amended 2025-02-10 · KRAs/intermediaries
Investor Protection and Education Fund Regulations, 2009
Last amended 2025-09-02 · Investor protection
Intermediaries Regulations, 2008
Current list · SEBI intermediaries
Public Offer and Listing of Securitised Debt Instruments and Security Receipts Regulations, 2008
Current list · SDI/security receipts
Certification of Associated Persons in the Securities Markets Regulations, 2007
Current list · Certification/NISM
Self Regulatory Organisations Regulations, 2004
Current list · SROs
Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market Regulations, 2003
Current list · Market conduct
Procedure for Board Meetings Regulations, 2001
Current list · SEBI governance
Employees Service Regulations, 2001
Current list · SEBI employees
Foreign Venture Capital Investors Regulations, 2000
Current list · FVCIs
Collective Investment Schemes Regulations, 1999
Current list · CIS
Credit Rating Agencies Regulations, 1999
Current list · CRAs
Custodian of Securities Regulations, 1996
Current list · Custodians
Bankers to an Issue Regulations, 1994
Current list · Bankers to issue
Debenture Trustees Regulations, 1993
Current list · Debenture trustees
Merchant Bankers Regulations, 1992
Current list · Merchant bankers
Current master-circular paragraph maps
Master Circular for Merchant Bankers
Merchant bankers
Master Circular for Alternative Investment Funds
AIFs
Master Circular on Surveillance of Securities Market
Surveillance/MIIs
Master Circular for Mutual Funds
Mutual funds
Master Circular for Issue of Capital and Disclosure Requirements
Issuers/merchant bankers
Master Circular for Research Analysts
Research analysts
Master Circular for Investment Advisers
Investment advisers
Master Circular for Registrars to an Issue and Share Transfer Agents
RTAs
Master Circular for LODR compliance by listed entities
Listed entities
Master Circular for Framework on Social Stock Exchange
Social enterprises
Master Circular for NCS, SDI, Security Receipts, Municipal Debt and Commercial Paper
Debt markets
Master Circular for Debenture Trustees
Debenture trustees
Master Circular for Portfolio Managers
Portfolio managers
Master Circular for InvITs
InvITs
Master Circular for REITs
REITs
Master Circular for debt LODR
Debt listed entities
Master Circular for Credit Rating Agencies
CRAs
Master Circular for ESG Rating Providers
ERPs
Master Circular for Research Analysts
Research analysts
Master Circular for Investment Advisers
Investment advisers
Master Circular for RTAs
RTAs
Master Circular for Stock Brokers
Stock brokers
Master Circular for Stock Exchanges and Clearing Corporations
MIIs
Master Circular for Depositories
Depositories/DPs
Master Circular for ICDR
Issuers/merchant bankers
Product and intermediary modules
Listed Entities
LODR, PIT, SAST, PFUTP, buyback and delisting
Equity Issuers and IPOs
ICDR, Companies Act prospectus/allotment, listing and depositories
Debt and Municipal Issuers
NCS, debt LODR, DT, CRA and security/charge
Stock Brokers and Clearing Members
2026 Stock Brokers Regulations, client assets, margins, risk and grievance
Stock Exchanges and Clearing Corporations
SECC, surveillance, clearing, settlement and system resilience
Depositories and Participants
Depositories Act, DP regulation, beneficial ownership and pledge
Mutual Funds
2026 MF Regulations, trustees, AMC, schemes, valuation and investor service
Alternative Investment Funds
AIF categories, manager/sponsor, investments, valuation and reporting
Portfolio Managers
client agreements, custody, performance, fees and reporting
Research Analysts
registration, independence, conflicts, research report and trading
Investment Advisers
risk profiling, suitability, fee, segregation and records
Merchant Bankers
issue management, due diligence, underwriting and post-issue
Registrars and Transfer Agents
2025 RTA Regulations, investor records, corporate actions and cyber
Debenture Trustees
due diligence, security, covenant monitoring and default
Credit and ESG Rating Providers
rating process, committees, conflicts, surveillance and disclosure
REITs and InvITs
sponsor/manager/trustee, assets, valuation, distribution and listing
FPI, Custody and DDP
registration, beneficial ownership, investment limits and custody
Social Stock Exchange
eligibility, fund-raising, social impact and disclosure
Forms and disclosure schedules
Draft offer document and offer document disclosure schedules
Issue structure, risk factors, financials, objects, litigations, capital and approvals
Due diligence certificates
Stage-specific certification and responsibility evidence
Quarterly corporate governance report
Board/committee composition and compliance
Shareholding pattern
Promoter/public and encumbrance data
Financial results
Board approval, limited review/audit and XBRL
Related party transaction disclosure
Approval, materiality and periodic disclosure
Code of conduct and designated-person records
UPSI controls, trading window, pre-clearance and contra trade
Structured digital database
UPSI sharing parties, time stamp and audit trail
Public announcement and detailed public statement
Trigger, offer terms, funding and schedule
Disclosures of acquisition/encumbrance
Threshold/event disclosure
Client registration and risk disclosure
KYC, rights/obligations, tariffs and risk
Margin and client-fund statements
Collection, reporting, segregation and reconciliation
Account opening and beneficial owner forms
KYC, nomination, operating authority
Pledge/re-pledge instructions
Consent, margin pledge and release
Scheme information document
Investment objective, risk, fees, valuation and benchmark
Statement of additional information and KIM
Entity/scheme disclosures and key information
Private placement memorandum
Strategy, risk, fees, governance, valuation and conflicts
Disclosure document and client agreement
Strategy, risk, fee, custody and termination
Research report disclosure
Financial interest, ownership, compensation and conflicts
Risk profiling and suitability record
Client data, risk score, product rationale and consent
Issue monitoring and post-issue reports
Subscription, allotment, refunds, listing and deviations
Investor service and corporate-action returns
Transfers, demat, complaints and reconciliation
Due diligence certificate and monitoring report
Security creation, covenants, asset cover and defaults
Rating rationale and surveillance disclosure
Committee, assumptions, sensitivities and review
Valuation and distribution disclosure
Asset valuation, NAV and distribution
Common application and beneficial ownership
Category, BO, sanctions and tax/custody
Settlement application and terms
Facts, violations, settlement amount, undertakings and confidentiality
Show-cause response and hearing record
Jurisdiction, facts, evidence, mitigation and penalty factors
Adjudication, settlement and case citator
Settlement order register — 2026
Track applicant, alleged violations, settlement terms, amount, undertakings and non-admission boundary.
Adjudication order register — 2026
Track show cause, hearing, evidence, findings, penalty factors and appeal status.
Interim and final directions
Separate preventive/interim directions, confirmatory process and final findings.
Sahara India Real Estate Corp. Ltd. v. SEBI
Public issue substance and investor-protection jurisdiction; official record shows dismissal on 31 August 2012 and citation 2012 (12) SCR 1.
SEBI v. Shriram Mutual Fund
Civil penalty analysis and statutory obligation; capture official judgment PDF and paragraph pinpoints before quotation.
SEBI v. Kishore R. Ajmera
Trade pattern, connection and inference require holistic evidence; verify official judgment and later treatment.
SEBI v. Kanaiyalal Baldevbhai Patel
Market misconduct analysis and participant role; verify official judgment and pending/later proceedings.
SEBI v. Rakhi Trading
Artificial trades and market integrity; use official judgment pinpoints before publication reliance.
N. Narayanan v. Adjudicating Officer, SEBI
Senior-management responsibility and market disclosure; verify official paragraphs.
Clariant International Ltd. v. SEBI
Takeover remedy and interest principles; verify event-date regulation and judgment.
SAT appeal workflow
Map limitation, certified copy, pre-deposit where applicable, grounds, interim relief and record.
Supreme Court appeal workflow
Identify question of law, limitation and SAT record; preserve official judgment and later treatment.