๐๐ฏ๐จ๐ฅ๐ฏ๐ข๐ง๐ ๐๐ง๐๐จ๐ซ๐๐๐ฆ๐๐ง๐ญ ๐ฌ๐ญ๐๐ง๐๐๐ซ๐๐ฌ ๐ข๐ง ๐๐ง๐๐ข๐โ๐ฌ ๐ฉ๐ซ๐ข๐ฆ๐๐ซ๐ฒ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ The 2nd Annual Magazine (2025โ2026) of the ASSOCIATION OF INVESTMENT BANKERS OF INDIA (AIBI) has published two articles authored by Mr. Sumit Agrawal, Founder, Regstreet Law Advisors and former SEBI Officer.ย
Mr. Sumit Agrawal writes on the evolving regulatory and enforcement landscape governing Indiaโs primary capital markets, with particular emphasis on the role, responsibilities and accountability framework applicable to merchant bankers and other market intermediaries.
๐๐ซ. ๐๐ ๐ซ๐๐ฐ๐๐ฅ analyses recent regulatory developments and Securities and Exchange Board of India (SEBI)โs enforcement approach, noting the gradual expansion of due diligence expectations beyond traditional check-the-box compliance. He examines how enforcement actions increasingly focus on independent verification, quality of documentation, internal control mechanisms and the adequacy of risk assessment undertaken in public issue transactions, including IPOs and listings, whether main board or SME.
The articles further observe that while the regulatory framework continues to be premised on the principle of reasonable due diligence, evolving enforcement trends have introduced higher evidentiary and process standards, necessitating greater clarity, consistency and defensibility in compliance practices adopted by investment bankers.
Mr. Sumit Agrawal and Mr. Kavish Garach, represented Regstreet Law Advisors and attended the 14th Annual AIBI Convention themed:
โ๐๐๐๐ด ๐๐ฏ๐ฅ๐ช๐ข: ๐๐ข๐ต๐ฆ๐ธ๐ข๐บ ๐ต๐ฐ ๐๐ญ๐ฐ๐ฃ๐ข๐ญ ๐๐ข๐ฑ๐ช๐ต๐ข๐ญ, ๐๐ถ๐ด๐ต๐ข๐ช๐ฏ๐ข๐ฃ๐ญ๐ฆ ๐๐ณ๐ฐ๐ธ๐ต๐ฉ, ๐๐ช๐ฌ๐ด๐ช๐ต ๐๐ฉ๐ข๐ณ๐ข๐ตโ.
The Convention was graced by ๐๐ก๐ซ๐ข ๐๐ฎ๐ก๐ข๐ง ๐๐๐ง๐ญ๐ ๐๐๐ง๐๐๐ฒ, ๐๐ก๐๐ข๐ซ๐ฆ๐๐ง, Securities and Exchange Board of India (SEBI), along with ๐๐ก๐ซ๐ข ๐๐ฌ๐ก๐ข๐ฌ๐ก๐ค๐ฎ๐ฆ๐๐ซ ๐๐ก๐๐ฎ๐ก๐๐ง, ๐๐ & ๐๐๐, NSE India, and ๐๐ก๐ซ๐ข ๐๐ฎ๐ง๐๐๐ซ๐๐ซ๐๐ฆ๐๐ง ๐๐๐ฆ๐๐ฆ๐ฎ๐ซ๐ญ๐ก๐ฒ, ๐๐ & ๐๐๐, Bombay Stock Exchange Limited (BSE), among other distinguished dignitaries.