Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max Financial founder Analjit Singh and executives. Sebi investigated transactions between Max Financial, Max Life, and Axis entities. The regulator found no evidence of a fraudulent scheme benefiting Axis.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial
October 25, 2026