Crowdfunding and Security Tokenized Investments: Legal Frameworks and Recommendations

INTRODUCTION India's financial infrastructure is transforming at a rapid pace with fintech innovation and the advent of blockchain technology but the country's securities law framework is nevertheless not adequately equipped to handle new forms of digital funding such as equity crowdfunding and Security Token Offerings (STOs). While the Securities Contracts (Regulation) Act, 1956 (SCRA), the Companies Act, 2013, and regulations issued by the Securities and Exchange Board of India (SEBI)...