Appointment of Whole Time Member - Shri S. Raman named with fixed-term service and specified pay conditions.
Central Government appoints Shri S. Raman as Whole Time Member of the Securities and Exchange Board of India under Section 4(1) of the SEBI Act read with rule 3 of the SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992, effective from assumption of charge; remuneration offered either in the scale of pay admissible to an Additional Secretary or a consolidated salary of Rs. 2,50,000 per month; tenure for five years or until attainment of sixty five years of age or until further orders, whichever is earliest.

Renewal of recognition for a regional stock exchange subject to compliance with stock exchange regulations and SEBI conditions.
Renewal of recognition to Vadodara Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act, 1956 is granted for a one year period in respect of contracts in securities, conditional on commencement of trading only after complying with the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and SEBI Circular MRD/DSA/SE/Cir-12/09 (dated October 7, 2009), and on adherence to any other conditions prescribed by SEBI.

Mis-selling of mutual fund units: newly defined prohibited practice covering false statements, concealment and unsuitability.
Amendment adds mis-selling of units of a mutual fund scheme as a prohibited trade practice, defining mis-selling as sale of units by any person, directly or indirectly, by making false or misleading statements, concealing or omitting material facts or associated risk factors, or not taking reasonable care to ensure suitability of the scheme to the buyer.

Establishment of Local Office expands SEBI regulatory jurisdiction for investor protection and education in Madhya Pradesh.
The Board has established a Local Office at Indore under the administrative control of its Western Regional Office at Ahmedabad to perform delegated regulatory functions, with a primary focus on investor protection and investor education; the Local Office's role and responsibilities extend to areas within the territorial jurisdiction of the State of Madhya Pradesh.

Establishment of the SEBI Local Office at Bhubaneswar enhances regional investor protection and regulatory oversight across Odisha.
Establishment of a SEBI Local Office at Bhubaneswar under sub-section (4) of Section 3 of the SEBI Act places the office under the administrative control of the Eastern Regional Office at Kolkata. The Local Office will address regulatory aspects of investor protection and investor education and perform other functions delegated by the Board, with responsibilities extending to the territorial jurisdiction of the State of Odisha.

Regulatory amendment clarifies grade alignment for switch over to officer cadre, effective immediately on Gazette publication.
Amendment inserts the words corresponding grade in the into the second proviso to the regulation governing switch over to Officer cadre, thereby specifying that conversion to the officer stream operates with reference to the corresponding grade. The regulation is effective on the date of publication in the Official Gazette.

Renewal of recognition permits exchange trading subject to compliance with regulatory requirements and prescribed conditions.
Grant of renewal of recognition to Inter-connected Stock Exchange of India Limited for one year under the Securities Contracts (Regulation) Act, 1956, authorising operation in contracts in securities subject to conditions. The Exchange may commence trading only after complying with all regulatory requirements and must comply with any further prescribed conditions.

Exchange recognition renewal requires compliance with a prior regulatory circular before trading may commence.
Renewal of recognition of Cochin Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act, 1956 is granted for one year from 8 November 2012 to 7 November 2013 for contracts in securities, subject to conditions requiring commencement of trading only after compliance with the regulator's specified circular and conformity with any other conditions that the regulator may impose from time to time.

Private placement listing obligations: enhanced Schedule I disclosures and a Shelf Disclosure Document regime streamline tranche listings.
The amendment requires issuers who disclose an intent to list privately placed debt securities to forward a listing application with the disclosures in Schedule I to the recognised stock exchange within fifteen days of allotment. It creates a Shelf Disclosure Document allowing an issuer to file comprehensive Schedule I disclosures and, for 180 days, use the shelf for subsequent tranches subject to updated tranche-level disclosures. The substituted Schedule I prescribes detailed issuer, financial, borrowing, trustee, and issue-specific disclosures and mandates covenants addressing security creation, defaults, and listing delays.

Cap on general corporate purposes and strengthened allocation, disclosure, promoter contribution and allotment rules for public issues.
Amendments define and cap General Corporate Purposes, restrict associate merchant bankers to marketing as a Marketing Lead Manager, shorten timelines for opening offers, adjust financial eligibility thresholds, allow an institutional-heavy book-built route with refund obligations for issuers not meeting profit criteria, revise allocation splits among investor categories with carve-outs for mutual funds, permit limited alternative investment fund participation to meet promoter contribution shortfalls, mandate annual updation of red herring prospectus disclosures, and clarify retail minimum bid-lot and proportionate allotment mechanics.

Establishment of Local SEBI Office expands regulatory oversight and investor protection within Karnataka jurisdiction.
The Board established a Local Office at Bengaluru under sub section (4) of Section 3 of the SEBI Act, 1992, placed under the administrative control of the Southern Regional Office at Chennai; the Local Office will handle regulatory aspects of investor protection and investor education and perform other functions delegated by the Board within the territorial jurisdiction of the State of Karnataka.

Appointment of Whole Time Member under SEBI Act sets pay scale and tenure subject to age limit and government orders.
Shri Prashant Saran is appointed Whole Time Member of the Securities and Exchange Board of India pursuant to Section 4(1) of the SEBI Act read with rule 3 of the Terms and Conditions Rules; appointment is effective from assumption of charge and carries the pay scale of an Additional Secretary or a consolidated monthly salary, with tenure for five years or until attaining age sixty five or until further orders, whichever is earlier.

Establishment of local regulatory office expands investor protection and education jurisdiction and delegated regulatory functions.
Establishment of a Local Office under Section 3(4) creates a localized administrative mechanism for regulatory oversight, tasked with investor protection, investor education and other delegated functions, and is placed under the administrative control of the regional office with responsibility for the applicable territorial jurisdiction.

Regulation of stock exchanges establishes rules for recognition, ownership and governance of exchanges and clearing corporations.
Regulation of stock exchanges and clearing corporations establishes a comprehensive regulatory framework governing recognition, ownership and governance of stock exchanges and clearing corporations, and ancillary matters necessary to implement those controls. The regulations set out eligibility for recognition, conditions on ownership and shareholding, governance standards for boards and management, and supervisory and compliance obligations that exchanges and clearing corporations must satisfy to operate within the securities market.

Renewal of recognition granted to a stock exchange for a limited term subject to SEBI regulatory compliance conditions.
Renewal of recognition is granted to Bhubaneswar Stock Exchange Limited under the Securities Contracts (Regulation) Act for a one year term subject to the condition that the Exchange shall commence trading only after complying with all regulatory requirements imposed by SEBI and shall comply with any further conditions SEBI may stipulate.

Renewal of recognition under securities law granted with conditional compliance required with SEBI circular and further stipulations.
Renewal of recognition to U.P. Stock Exchange Limited is granted under Section 4 of the Securities Contracts (Regulation) Act for a one-year period, subject to the Exchange commencing trading only after complying with SEBI Circular No. MRD/DSA/SE/Cir-12/09 and to any other conditions SEBI may stipulate from time to time.

Alternative investment fund regulation establishes registration, governance, disclosure and compliance framework under securities law for fund managers.
Regulation establishes a statutory framework for alternative investment funds, empowering the securities regulator to require registration and authorization, set eligibility and fit and proper criteria for fund managers, and impose governance, disclosure, reporting and compliance obligations to bring such funds within the regulator's supervisory perimeter.

Paternity leave entitlement expanded to include natural and adoptive fathers with limited surviving children, with paid leave and restricted combination rules.
Amendments insert Paternity Leave regulation 40A providing paid paternity leave for natural and adoptive fathers with fewer than two surviving children, to be taken as a single continuous period within specified pre- or post-birth or post-adoption windows; such leave may be combined with other leave except Casual Leave and Special Casual Leave. The amendments also add the post of Junior Engineer to recruitment schedules with direct recruitment, an upper age limit, diploma qualification requirement, and a minimum three-member selection panel, and adjust promotional exclusion language to limit exceptions to promotions beyond Officer Grade C.

Renewal of recognition for Gauhati Stock Exchange under securities regulation, subject to full regulatory compliance before trading.
Renewal of recognition is granted to The Gauhati Stock Exchange Limited under the Securities Contracts (Regulation) Act for a limited period in respect of contracts in securities, on the condition that the Exchange may commence trading only after complying with all regulatory requirements imposed by the Securities and Exchange Board of India.

Renewal of recognition for a stock exchange permits conditional trading resumption after compliance with regulatory requirements and SEBI stipulations.
Grant of renewal of recognition to Ludhiana Stock Exchange Limited under the Securities Contracts (Regulation) Act, 1956 for one year from 28 April 2012 to 27 April 2013 in respect of contracts in securities, subject to conditions: the Exchange may commence trading only after complying with all regulatory requirements imposed by SEBI and must comply with any further conditions SEBI may stipulate.