Gains from Excluded Capital Assets not included as Book Profits u/s 115JB Not Liable to be included as Income: Delhi HC

SEBI has announced a relaxation in trading window restrictions for non-convertible securities subscriptions. The new guidelines allow market participants to subscribe to non-convertible securities during the trading window closure without facing restrictions. This decision is intended to improve liquidity and trading flexibility, providing investors with better opportunities to participate in securities offerings. It aims to balance investor protection with market efficiency, ensuring that regulatory measures do not unnecessarily hinder participation in the capital markets. The relaxation is seen as a step towards further improving market accessibility and regulatory flexibility.