SEBI proposes tighter monitoring of issue proceeds; comment by 3 Nov
SEBI Draft for comments Comments by 3 Nov 2026 13 October 2026 SEBI's consultation paper of 13 October 2026 proposes that monitoring agencies report directly to stock exchanges, and that stock exchanges fine listed companies that do not cooperate. It also proposes that every issue have a monitoring agency, whatever its size (excluding the offer for sale portion). These are proposals only, and comments are due by 3 November 2026 . In short Monitoring agencies may file their reports directly with stock exchanges, based on the best available information. Proposed fine for non-cooperation: Rs. 50,000 per instance reported in a quarter or half year. Proposed mandatory monitoring agency for all issuances, irrespective of issue size (excluding offer for sale). Timelines for monitoring agency reports to move from the ICDR Regulations to the LODR Regulations. Public comments are invited until 3 November 2026. What changes The paper takes ...