New Delhi, Dec. 18 -- In a major step towards modernising India's financial architecture, the government on Thursday introduced the Securities Markets Code Bill, 2025 in the Lok Sabha, proposing a single, unified law to govern the country's capital markets.
The Bill marks one of the most significant overhauls of securities legislation in decades and aims to replace a fragmented legal framework with a consolidated and contemporary code.
The proposed legislation seeks to repeal and merge three cornerstone laws that currently regulate the securities ecosystem - the SEBI Act, 1992; the Depositories Act, 1996; and the Securities Contracts (Regulation) Act, 1956.
By bringing these statutes under one umbrella, the government intends to simplify...