Call for fair treatment of domestic and foreign investors; review retrospective tax implications

Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all.
“This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all,” the regulator said in a statement.
In a statement issued, the regulator clarified that its chief Madhabi Puri Buch was discussing the Application Supported by Blocked Amount (ASBA) facility, not the T+0 settlement cycle.
The ASBA facility ensures that the investor’s fund gets moved only when the allotment is completed.
At an NSE event on Tuesday, the Sebi chairperson released a report on “Indian Capital Markets: Transformative Shifts Achieved through technology and reforms”.
The report referred to potential annual benefit of Rs 2,800 crore if ASBA for the secondary market were to be adopted fully by retail investors.
“In this context, a question was posed to the Sebi chairperson on the ASBA facility being optional due to which retail …

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 462.38 lakh crore on Wednesday helped by a four-day rally in benchmark indices.
The 30-share BSE Sensex settled higher by 285.94 points or 0.35 per cent at 81,741.34 — its all-time closing high.
In the last four trading sessions, the BSE benchmark jumped 408.62 points or 0.50 per cent, making investors richer by Rs 5.45 lakh crore.
Investors’ wealth climbed Rs 5,45,337.02 crore in the past four days to reach a record high of Rs 4,62,38,008.35 crore (USD 5.52 trillion) on Wednesday.
“Sebi’s crackdown on Futures & Options trade is eminently desirable and can go a long way towards making the ongoing rally healthy and less speculative.
“The irrational exuberance of the retail investors, particularly the newbies who entered market after the Covid crash, will do more harm than good to the overall market in the long run,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, …

The high returns from Initial Public Offerings (IPOs) of Small and Medium Enterprises (SMEs) in recent years, coupled with government support for the sector, have encouraged Alternative Investment Funds (AIFs) to explore this growth potential.
AIF is a fund established or incorporated in India which is a privately pooled investment vehicle.
Paradise Moon Investment Fund, an AIF, has announced its launch with the aim of raising Rs 750 crore over the next few years, targeting investors looking to leverage the growth of the SME market pre and post-IPOs.
The fund aims to provide investors with a unique opportunity to tap into the growing potential of the Indian stock market and capitalize on the dynamic landscape of SME IPOs, an official said.
Approximately 900 SMEs have been listed on the SME platforms of both the National Stock Exchange and the BSE, with significant traction observed over the past 2-3 years.
We seek to invite investment in Category 1 Alternative Investment Fund (AIF