The Securities Markets Code Bill, 2025 marks a historic step toward unified and modern regulation of India’s capital markets.(Representing ai image) How the Proposed Securities Markets Code Bill, 2025 Is Set to Consolidate India’s Securities Laws and Reshape Capital Markets Dr. Sanjaykumar Pawar Table of Contents Introduction: Why Securities Law Reform Matters Now India’s Securities Regulation: A Fragmented Legacy What Is the Securities Markets Code (SMC) Bill, 2025? Why Consolidation Was Inevitable: Economic and Market Context Key Structural Changes Proposed Under the SMC Bill, 2025 5.1 A Stronger and Broader SEBI Board 5.2 Addressing Conflict of Interest Decriminalisation and Ease of Compliance: A Paradigm Shift Investor-Centric Reforms: From Charter to Ombudsman Impact on Market Infrastructure Institutions and Intermediaries Inter-Regulatory Coordination: Reducing Silos in Financial Governance Alignment with International Best Practices Economic ...