Page 16 - Banking Finance November 2025

ROUNDUP

Courts to replace regis- SEBI proposes reforms in stock exchange administra-

tered post with speed tion
post for official notices The Securities and Exchange Board of India (SEBI) has proposed a set of
With the discontinuation of registered reforms to streamline the governance of stock exchanges and clearing cor-
post, Indian courts will now issue offi- porations, including merging Investor Protection Funds (IPFs) for equity and
cial notices through speed post. State commodity segments.
governments and Union Territories The regulator said a single IPF would simplify compliance for exchanges,
with legislatures are amending laws to though adequate fund segregation must be maintained for commodity de-
grant equal legal validity to speed post. rivatives segments. SEBI also proposed evaluating the performance of pub-

A Delhi government notification lic interest directors, updating timelines for norms on exclusively listed com-
stated, "The High Court of Delhi panies, and eliminating obsolete requirements.
hereby notifies that the words 'regis- Further, SEBI plans to separate investment policy and liquid assets used in
tered post' wherever they occur in any net worth calculations of clearing corporations from those of exchanges.
rules, notifications, practice directions "In light of increasingly segregated roles of CCs, especially with
and orders be read as 'speed post' interoperability and separate clearing member registration, segregation of
with effect from the date of merger of compliance norms is necessary," SEBI said. Comments on the consultation
'registered post' service into 'speed paper have been invited until October 29.
post.'" The Department of Posts had,
from October 1, repackaged registered
post as "registered speed post" to DWT) and handymax (40,000-60,000 erate nearly 55,000 jobs. The state
modernise its services. DWT) vessels, which are more market- signed two memoranda of understand-
aligned. "We are engaging a consult- ing (MoUs) with Cochin Shipyard Lim-
Officials said registration will remain ant to study and suggest terms for se- ited and Mazagon Dock Shipbuilders
available as a value-added service for
lecting a technology partner. Inputs for the projects.
speed post items, ensuring addressee- from shipbuilders will also help us re-
specific delivery. The change will accel- Cochin Shipyard will develop a Rs.
structure the tender," Singh said.
erate delivery times as items will now 15,000 crore shipyard creating 10,000
travel by air instead of surface trans- The DPA plans to offer incentives such jobs, while Mumbai-based Mazagon
port. Courts, which routinely use reg- as land with waterfront access, envi- Dock Shipbuilders will establish another
istered post for serving divorce notices, ronmental clearances, and partial eq- Rs. 15,000 crore facility generating
eviction warnings and summons, will uity participation. The earlier tender, around 45,000 jobs. State Industries
now adopt this faster, legally valid al- floated last December, attracted only Minister T.R.B. Rajaa said, "We are
ternative. one bid. Experts attribute the tepid really happy that the government of
response to high capital costs and glo- Tamil Nadu and the Union government
Deendayal Port Authority bal overcapacity in shipbuilding. The have worked together to get Cochin
revises plan to build revised model is expected to include Shipyard Limited to come into Tamil
flexible terms and phased development Nadu... we will get more shipbuilding
smaller vessels to attract investors. activities going in the state."

The Deendayal Port Authority (DPA), Rajaa added that after sustained ef-
which operates Gujarat's Kandla Port, Tamil Nadu attracts Rs. forts over the past year and a half,
is revising its shipbuilding project to these "historic projects" have
focus on mid-sized vessels after limited 30,000 crore shipbuilding materialised. In August, Chennai
industry interest forced it to shelve investments Radha Engineering Works finalised a
earlier plans to build very large crude The Tamil Nadu government has se- Rs. 1,500 crore shipbuilding compo-
carriers (VLCCs).
cured two major shipbuilding invest- nent unit in Thoothukudi. The state is
Chairman S.K. Singh said the new strat- ments worth about Rs. 30,000 crore in also planning a new PSU to boost its
egy targets panamax (65,000-80,000 Thoothukudi district, expected to gen- blue economy.

BANKING FINANCE | NOVEMBER | 2025 | 15