Streamlining Creation and Invocation of Pledges through Depository System (March 2026) VIDE Circular No.: HO/47/14/12(1)2026-MRD-POD2/I/4229/2026

Mandates AIF managers to report the latest valuation of units to depositories on a monthly basis to ensure accurate portfolio tracking for investors VIDE Circular No.: HO/19/34/11(8)2025-AFD-POD1/I/4335/2026

Obligations on CRAs VIDE Circular No.: SEBI/HO/DDHS/DDHS-PoD-2/I/4685/2026

Introduces a framework for real-time performance monitoring and capacity planning for Market Infrastructure Institutions (MIIs) VIDE Circular No.: HO/47/13/14(1)2026-MRD-TPD1/I/4755/2026

Refines the categorization of Mutual Fund schemes to ensure uniform naming and investment styles VIDE Circular No.: HO/24/13/15(2)2026-IMD-RAC4/I/5764/2026

Shifts valuation of physical gold/silver from international LBMA rates to domestic polled spot prices VIDE Circular No.: HO/(68)2026-IMD-POD-2/I/5780/2026

Updates operational standards and reporting requirements for registered Custodians of securities VIDE Circular No.: HO/19/(1)2025-AFD-FPICELL/I/5928/2026

Introduces a security feature allowing investors to voluntarily freeze their mutual fund folios to prevent unauthorized transactions VIDE Circular No.: HO/24/12/12(5)2026-IMD-SEC-1/I/6373/2026

This notification outlines the revised criteria and registration process for entities to be recognized as Startups and Deep Tech Startups by(DPIIT).

In the course of discharging of NFRA’s statutory functions, it has been noticed that there is a need to strengthen the communications between Statutory Auditors (Auditors), Those Charged with Governance (TCWG), including Audit Committees (ACs), in line with the requirements of the Companies Act, 2013 (CA 2013), the Standards on Auditing (SAs) prescribed under CA 2013, and other relevant Rules and Regulations. Hence this Circular.

Government periodically assesses the extent of digital adoption among Micro, Small, and Medium Enterprises (MSMEs), covering aspects such as e-commerce platforms, digital accounting, supply chain digitization, and participation in platforms like the Government e-Marketplace (GeM) and Open Network for Digital Commerce (ONDC) through Trade Enablement and Marketing (TEAM) scheme by evaluation studies in collaboration with industry and research institutions. The Output-Outcome Monitoring Framework of NITI Aayog’s is another institutional mechanism to evaluate the outcome of such schemes. As of 31st Dec 2025, approx. 206,000 merchants have conducted at least 1 transaction on the ONDC Network, approx. 6 lakh service provides make their services available on the network and 3127 MSMEs have generated more than 01 lakh transactions leveraging MSME TEAM Scheme within this Financial year

A comprehensive policy framework is designed to strengthen the MSME ecosystem through financial, regulatory, and digital interventions. Key financial measures include the Credit Guarantee Scheme with coverage up to ₹10 crore, the Self-Reliant India (SRI) Fund (boosted by an additional ₹2,000 crore in the 2026-27 Budget for risk capital), and the legacy success of the ECLGS, which supported over 1.13 crore enterprises. To safeguard liquidity, the government enforces the 45-day payment mandate via the SAMADHAAN Portal, while the Udyam Assist Platform and the inclusion of retail traders under Priority Sector Lending have expanded formal credit access. Furthermore, the ecosystem is bolstered by massive digitalization efforts through portals like TReDS and GeM, alongside specialized support for grassroots entrepreneurs through PMEGP’s 35% margin money subsidy and the PM Vishwakarma Scheme, which provides artisans with holistic training and low-interest loans up to ₹3 lakh.

The Ministry of MSME, alongside the Bureau of Energy Efficiency, is actively promoting green transitions for small businesses through a multifaceted support system that combines technical handholding with substantial financial incentives. Key initiatives include the MSME Champion Scheme, which provides up to ₹2 lakh for consultancy and ₹3 lakh for technology upgrades to ZED-certified units, and the MSE-GIFT scheme, which offers a 2% interest subvention for green technology adoption. Additionally, the MSE-SPICE scheme provides a 25% capital subsidy for circular economy projects, while the ADEETIE scheme specifically targets 14 energy-intensive sectors with 3–5% interest subvention and technical assistance for energy audits. Together, these programs aim to lower the financial barriers for MSMEs to adopt sustainable, energy-efficient, and waste-reducing industrial practices across India's manufacturing clusters.

Master Circular for Research Analysts

Master Circular for SEBI (Issue of Capital and Disclosure Requirements Regulations) 2018

Master Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities

MASTER CIRCULAR

The Companies (Registered Valuers and Valuation) Amendment Rules, 2026, update the eligibility criteria for Registered Valuer Organizations (RVOs) by substituting Rule 12(1)(i). Under the new mandate, an RVO must be registered as a Section 8 company (or Section 25 under the 1956 Act) and maintain a minimum paid-up share capital of ₹25 lakh, while retaining the sole object of regulating valuers for specific asset classes and maintaining compliant bye-laws. To ensure a smooth transition, existing RVOs that do not currently meet this capital threshold are granted a grace period to comply on or before March 31, 2028

SEBI has extended the implementation deadline for the new incentive structure aimed at distributors onboarding new individual investors from B-30 cities and women investors. This extension applies to the mobilizing of inflows from new individual investors (new PAN) in B-30 areas and new women individual investors across both T-30 and B-30 cities".

Gemini said During any insolvency or liquidation process under the IBC, the corporate entity must continue to comply with all applicable laws, and the appointed Insolvency Professional (IRP, RP, or Liquidator) is legally mandated to ensure this ongoing compliance. If non-compliance occurs, any resulting losses or statutory penalties cannot be claimed as insolvency or liquidation process costs. Furthermore, the Insolvency Professional will be held personally liable for these penalties if the compliance failure stems from their own conduct or negligence.