SEBI unveils reforms for transmission after death, buybacks, AIF approvals
SEBI just rolled out a bunch of new rules to simplify how securities are passed on after someone's death, bring back open market buy-backs, and speed up approvals for alternative investment funds (AIFs).
They're also making things smoother for mutual funds, municipal bonds, and debt instruments, plus there's now a stronger code of conduct for SEBI board members.
SEBI's QTP reduces small claims paperwork
There's a new Quick Transmission Processing (QTP) system for small claims, up to ₹10,000 in paper form or ₹30,000 if it's digital, with much less paperwork.
Limits for simple claims have doubled, and you no longer need to submit your PAN or go through mandatory probate.
Open market buy-backs via stock exchanges are back from August 1, 2026 and must wrap up in 66 working days.
Mutual funds can now borrow within the day if they need extra cash flow; AIF approvals will move faster thanks to the GARUDA mechanism, and municipalities can refinance project debt more easily through bonds.