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Bill No. XXX of 2026 · редакция 1 → 2 · зафиксировано 2026-09-17 02:51 · +17 −17 lines

## AS INTRODUCED IN THE RAJYA SABHA
## CHAPTER VI
## TRADING, CUSTODYAND SETTLEMENT
## TRADING, CUSTODY AND SETTLEMENT
11. Regulation of trading platforms.
## CHAPTER IX
## OFFENCESAND PENALTIES
## OFFENCES AND PENALTIES
18. Offences.
## CHAPTER X
## TRANSITIONALAND SAVINGS PROVISIONS
## TRANSITIONAL AND SAVINGS PROVISIONS
20. Transitional provisions.
1. (1) This Act may be called the Asset Tokenisation (Regulation) Act, 2026.
(2)It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.
(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.
Short title and commencement.
## CHAPTER II
## LEGAL RECOGNITIONOF ASSET TOKENISATION
## LEGAL RECOGNITION OF ASSET TOKENISATION
3. (1) Notwithstanding anything contained in any other law for the time being in force, asset tokens issued in accordance with the provisions of this Act shall be recognised as valid digital representations of the rights, title, interest, claim or economic benefit in the underlying asset.
(2)The issuance of an asset token shall not, by itself, constitute a transfer of ownership of the underlying asset, except to the extent expressly provided in the tokenisation arrangement or regulations made under this Act.
(2) The issuance of an asset token shall not, by itself, constitute a transfer of ownership of the underlying asset, except to the extent expressly provided in the tokenisation arrangement or regulations made under this Act.
Legal recognition of asset tokens.
Designation of regulatory authority.
6. The regulatory authority shall, for the purposes of this Act,— (a)grant, renew, suspend or cancel registration of issuers, custodians and asset token trading platforms, in such manner as may be prescribed;
6. The regulatory authority shall, for the purposes of this Act,— (a) grant, renew, suspend or cancel registration of issuers, custodians and asset token trading platforms, in such manner as may be prescribed;
(b) specify eligibility conditions, disclosure standards, prudential norms and governance requirements;
(c)regulate issuance, trading, custody and settlement of asset tokens;
(d)protect the interests of token holders and ensure orderly development of the asset-token market;
(e)call for information, reports or statements from any person or entity regulated under this Act, and to conduct inspections, inquiries and audits thereof;
(f) issue directions, guidelines, circulars or advisories, consistent with the provisions of this Act and rules made thereunder, as may be necessary for effective implementation of this Act; and (g)perform such other functions, or regulate such other matters, as may be prescribed.
(c) regulate issuance, trading, custody and settlement of asset tokens;
(d) protect the interests of token holders and ensure orderly development of the asset-token market;
(e) call for information, reports or statements from any person or entity regulated under this Act, and to conduct inspections, inquiries and audits thereof;
(f) issue directions, guidelines, circulars or advisories, consistent with the provisions of this Act and rules made thereunder, as may be necessary for effective implementation of this Act; and (g) perform such other functions, or regulate such other matters, as may be prescribed.
Powers and functions of regulatory authority.
## CHAPTER V
## ISSUANCEAND DISCLOSURE
## ISSUANCE AND DISCLOSURE
Conditions for issuance of asset tokens.
## CHAPTER VIII
## ADJUDICATIONAND APPELLATE MECHANISM
## ADJUDICATION AND APPELLATE MECHANISM
16. (1) For the purpose of adjudging penalties under this Act, the procedure laid down in the Schedule shall be followed:
[See section 16]
## PROCEDUREFOR ADJUDICATION
## PROCEDURE FOR ADJUDICATION
Appointment and jurisdiction of adjudicating officer.— (a) The regulatory authority shall, by order, appoint one or more adjudicating officers for the purposes of this Act.
RS-P&PS-PMB(E)— 161—16.03.2026.