Did anything new came up with this issue? What is the present status?
Nothing, status quo. Hopefully stays that way. 
Looks like this may become reality soon. If this does happen, can this be struck down by SAT or Courts ?
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Its probably fine to have some restrictions for absolutely new people as they are more likely to harm themselves.
But problem is SEBI babus will probably come up some nonsense way of doing it leading to issues for more experienced people too. Lets see. No one at SEBI ever looks at how much more STT we need to pay in cash and that is probably one of the biggest reasons people find it hard to turn a profit once they have a decent plan. They don’t care about retailers making money.
It feels as if SEBI has a hidden device in my room and is actively seeking to hinder anything that i am doing or plan to do …