Debenture trustee notice requirement: same-day delivery of financial results to trustees and subsequent certificate confirming receipt to stock exchanges.
Listed entities that have both equity and debt securities must provide a copy of financial results submitted to stock exchanges to Debenture Trustees on the same day the information is submitted. Thereafter, the listed entity must submit to the stock exchange(s) a certificate, signed by the Debenture Trustee, confirming that the trustee has taken note of the contents within the prescribed post-submission period.

Mutual fund investment in commodity derivatives permits holding underlying goods on physical settlement and custodial arrangements.
Mutual fund schemes may invest in exchange traded commodity derivatives; "goods" are defined as notified under the Securities Contracts (Regulation) Act and may be held by schemes on physical settlement. Funds may appoint custodians for custody of such goods, and recurring storage and handling expenses arising from physical settlement are permitted scheme expenses. The Seventh Schedule is amended to add clause authorising such investments subject to Board-specified restrictions.

Private placement framework for InvITs establishes investor limits, disclosure duties and approval requirements for unlisted units.
A new Chapter VIA creates a dedicated regime for privately placed unlisted InvITs: limits investor type, minimum investment and maximum investors, mandates placement memorandum filings, prescribes investment concentration and permitted temporary investments, allows borrowing per trust deed, requires specified disclosures and periodic reports to trustee and unitholders, assigns offering responsibilities to the investment manager, mandates annual audits, permits surrender of registration while preserving liability for past acts, and allows conditional listing subject to compliance with privately placed listed InvIT requirements.

Minimum subscription requirement for REIT offers fixed; unit composition lowered to a fixed unit denomination under amended regulations.
Amendment prescribes a fixed minimum subscription requirement for any investor in initial and public offers of REITs and revises unit denomination by substituting prior monetary phrasing with a prescribed unit composition, with the regulations taking effect upon publication in the Official Gazette.

Innovators growth platform expands listing eligibility and prescribes investor accreditation, minimum offer rules and allocation mechanisms.
The amendments establish the innovators growth platform for listing technology intensive issuers, require specified investors to hold at least twenty five per cent of pre issue capital for two years as a condition of filing, define Accredited Investors and regulated investor eligibility including AML/CTF and registration criteria, prescribe accreditation procedures and caps on accredited investor holdings, and revise market mechanics including minimum public shareholding compliance, a prescribed minimum offer size, altered lot denominations, and proportionate allotment between institutional and non institutional investors.

Nomination of SEBI member: Government appoints Joint Secretary, Ministry of Corporate Affairs to replace outgoing member, effective immediately.
Central Government has nominated Shri K.V.R. Murty, Joint Secretary, Ministry of Corporate Affairs, as Member of the Securities and Exchange Board of India (SEBI) vice Shri Injeti Srinivas, under powers conferred by the Securities and Exchange Board of India Act, 1992, with immediate effect and until further orders.

Listing obligations amendment fixes the effective date for a transaction disclosure requirement and clarifies regulatory timing.
Amends the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 by inserting into regulation 23(1A) the words "with effect from July 01, 2019," after "above," and before "a transaction", thereby fixing an effective date for the referenced transaction disclosure requirement.

Takeover regulations amendment tightens exemption criteria, removes competent authority references and defines lenders for applicability.
Amendment to regulation 10 removes references to a competent authority, omits the term "scheme," substitutes the proviso to require compliance with sub-regulation (6) of regulation 158 of the Issue of Capital and Disclosure Requirements Regulations, 2018, and inserts an explanation defining lenders as scheduled commercial banks (excluding Regional Rural Banks) and All India Financial Institutions; clause (ia) and sub-regulation (2) of regulation 10 are omitted.

Regulatory amendment defining lenders clarifies eligible lending institutions and removes scheme reference and a sub regulation from ICDR rules.
The amendment revises regulation 158 of the Issue of Capital and Disclosure Requirements Regulations, 2018 by removing the word "scheme" from sub regulation (6), inserting an explanation defining "lenders" to mean all scheduled commercial banks (excluding Regional Rural Banks) and All India Financial Institutions, and omitting sub regulation (7); the Regulations take effect on publication in the Official Gazette.

Certificate validity: custodian registration endures until suspended or cancelled, and related provisions and schedule entries are removed.
The amendment substitutes regulation 9A to state that every certificate granted under sub regulation (3) of regulation 8 shall remain valid unless suspended or cancelled by the Board; it omits regulation 9B and alters the Second Schedule by replacing the cited provision references in the title and deleting Explanation II from Part A. The Regulations commence on publication in the Official Gazette.

Fee revision for securities activity adjusts turnover based charges and restructures filing fees for public issues and exchanges.
Amendments effective April 1, 2019 revise SEBI's payment of fees: they set turnover based rates and fixed annual charges for brokers and clearing members across cash, equity derivatives, currency, interest rate, commodity and debt segments with defined turnover computation (including options premium and notional on exercise), amend the exchange regulatory fee formula for very large annual turnover, and restructure Schedule III filing fees under the Issue of Capital and Disclosure Requirements with tiered flat and percentage rates and reduced rates for filings within one year after an observation letter.

Adjudication procedure expanded to allow the Board or adjudicating officer to act and permit rectification of apparent errors.
Amendments broaden the adjudication framework by inserting an additional enabling clause and offence reference, and by substituting references to the adjudicating officer with references to the Board or the adjudicating officer, thereby permitting either to exercise specified functions. A new sub-rule grants the Board or the adjudicating officer a fifteen-day power to rectify any error apparent on the face of record in an order, defined to include typographical and other manifest errors not requiring extended reasoning.

Adjudication authority expanded to include Board alongside Adjudicating Officer; adds limited error-rectification right for orders.
The amendments expand adjudicatory authority to include the Board alongside the Adjudicating Officer, update statutory cross references throughout the rules, and introduce a rectification mechanism permitting the Board or Adjudicating Officer to correct errors apparent on the face of the record-limited to typographical or readily ascertainable mistakes-either on their own motion or upon application by the affected person within a short prescribed period.

Rectification of orders: Board or adjudicating officer may correct apparent errors within fifteen days under Depositories Rules
The Rules amend the 2005 procedure by broadening decision making references from the sole "adjudicating officer" to "the Board or the adjudicating officer", inserting an additional statutory cross reference, and introducing a new provision allowing the Board or adjudicating officer to rectify any "error apparent on the face of record" in an order, on its own motion or upon notice by the affected person within fifteen days, with a definition limited to typographical and other obvious errors.

Rectification of orders: Board or adjudicating officer may correct errors apparent on the face of record, expanding authority and references.
Rules amend procedural provisions to broaden authority by replacing references to the adjudicating officer with "the Board or the adjudicating officer" and update statutory cross references. A new provision authorises the Board or the adjudicating officer to rectify any error apparent on the face of the record in an order, either suo motu or on notice by an affected person within a short period, with an explanation limiting such errors to typographical and manifest mistakes.

Adjudication procedure: Board or adjudicating officer may rectify apparent errors in orders and scope expanded to additional provisions.
Amendments broaden the SEBI adjudication framework by adding clause (f) to the empowering provision and substituting "the Board or the adjudicating officer" for references to the adjudicating officer, extending Board authority. Rule 2(c) is expanded to include sub section (4A) of section 11, sub section (2) of section 11B and section 15 I; rules 4, 5 and 6 are amended to insert references to 15EA and 15EB and to reflect the Board's concurrent role. A new provision permits the Board or adjudicating officer to rectify errors apparent on the face of record within fifteen days, defined to include typographical and other obvious errors.

Promoter group inclusion expands disclosure and trading restrictions to members of the promoter group under insider trading rules.
The amendment defines promoter group by reference to the Issue of Capital and Disclosure Requirements regulations and expressly inserts "member of the promoter group" into regulation 7, extending the regulation's trading restrictions, disclosure obligations and designated-person scope to include promoter-group members.

Amendment to notification replaces the designated Member entry to name the Secretary of the Department of Economic Affairs as Member.
The amendment substitutes the serial number 2 entry in the prior notification to designate Atanu Chakraborty, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, as Member; the change is effected under powers conferred by the SEBI Act and is recorded with administrative reference and a footnote noting a later substitution.

Custodian scope expanded to include goods underlying commodity derivatives; registration and prior Board approval requirements updated for custodial services.
Amendments expand the custodian framework to include goods underlying commodity derivative contracts, substitute the title and terminology from "custodian of securities" to "custodian," insert a definition of goods, and modify duties to require client notification, physical safekeeping and recordkeeping for goods analogous to securities. Application and Code of Conduct forms are updated to include warehouses and vault details. Existing registered custodians may handle goods only after prior Board approval, and cross-references to the prior title or phrase are deemed to refer to the revised terminology from the date of Gazette publication.