Practice area · SEBI
A missed LODR disclosure or a mis-timed trade can mean a penalty, a probe and a headline. Get the SEBI position with the exact regulation and circular cited.
SEBI regulations govern India's securities markets - listings, disclosures, takeovers, insider trading and intermediaries. AskSolique answers SEBI questions with the exact regulation and circular cited.
SEBI questions carry outsized reputational stakes - disclosure timing and insider-trading windows are where a small miss becomes a public one.
Why SEBI is hard
SEBI regulates the market through a dense set of regulations - LODR, ICDR, SAST, PIT, the intermediary regulations - each amended repeatedly and layered with master circulars, informal guidance and adjudication orders. Disclosure obligations turn on materiality thresholds and tight timelines; the Takeover Code hinges on percentage triggers and creeping limits; insider-trading rules define designated persons and trading windows that shift with each amendment. The controlling position is rarely in the base regulation alone - it is in the latest circular or an SAT order interpreting it.
What's broken in the way you work today
The regulation you have may be two amendments behind. Working from a stale LODR or PIT text means advising on rules that have already changed.
Ask a chatbot about an open-offer trigger or a disclosure timeline and it returns a confident number that may be from a superseded version - with a regulation citation that looks right.
Regulation 30 disclosures, trading-window closures, offer timelines - each runs on a strict clock where a day's slip is itself the violation.
A SEBI lapse is not a quiet demand. It draws adjudication, penalty and disclosure that the client - and the advisor - would rather not read about.
What happens if nothing changes
SEBI contraventions carry monetary penalties that run into crores, disgorgement, debarment from the market, and adjudication and SAT proceedings that play out on the public record. For a listed company a missed material-event disclosure or a botched trading-window is not just a fine - it is a governance question raised in front of investors and the exchange. Doing nothing means advising on market compliance from regulations that may already have moved, on matters where the downside is both financial and public.
What has to change
Stop advising from a base regulation that amendments have overtaken. The SEBI position should arrive with the current regulation, the governing master circular and the relevant SAT or adjudication order together - from a corpus maintained as SEBI amends - and it should connect to the FEMA and Companies Act angles of the same transaction, because a market deal never sits inside SEBI alone.
Genuine use cases
Real fact patterns from capital-markets work. Each returns the position with the exact regulation attached.
COMPANY SECRETARY
AskSolique tests the stake against the 25% trigger and the 5% creeping-acquisition band, and flags exactly how much more can be bought before an open offer is mandatory.
Cited to Reg 3 & 4, SEBI SAST 2011
IR TEAM
Investor relations needs to know the clock. AskSolique confirms the event qualifies under Regulation 30 of the LODR and returns the exact disclosure timeline that now applies.
Cited to Reg 30, LODR
TRADING DESK
AskSolique checks the trading-window status under the PIT Regulations and flags the restriction before the trade is placed, not after.
Cited to SEBI (PIT) Regulations, 2015
Time saved goes straight to the judgment calls that need a partner, not a timesheet.
Every position reflects the latest amendment and master circular, so you never advise from a superseded regulation.
Answers surface the disclosure or offer clock the situation triggers, so a Regulation 30 filing never slips.
See the SEBI, FEMA and Companies Act angles of one transaction in a single thread.
Every conclusion traces to the exact regulation and order - the position you can put before SEBI or SAT.
A quick check, a multi-part question, a full scenario - each comes back with the exact provision cited.
When is an open offer triggered under the Takeover Code?
A promoter wants to acquire an additional 8% stake in a listed company where it already holds 22%, through open-market purchases and a preferential allotment - work out whether this breaches the creeping-acquisition limit, triggers an open offer, and what LODR disclosures are due at each step.
A designated person under the PIT Regulations traded in the company's shares during a board meeting to approve results, before the outcome was public - assess the trading-window breach, the UPSI question, and the disclosure and enforcement exposure that follows.
Start free, bring a real matter, and see the answer come back cited to the exact source. No card, no demo call.