SECURITIES AND EXCHANGE

BOARD OF INDIA ACT ,1992

Govt. issued an ordinance on Jan30,1992

for giving statutory powers to SEBI which
received the assent of parliament
on 4 April,1992.Further,on may
29,1992 govt
issued an ordinance abolishing the
Capital Issue Control Act,1947.
 PURPOSE OF THE ACT
 To protect the interest of investors in
securities
 To promote the development of
securities market
 To regulate securities market
 For matters connected therewith or
incidental thereto
LATEST SEBI GUIDELINES FOR ISSUE
OF EQUITY SHARES
 Promoters contribution & lock-in-period
 Reservation in issues
 Underwriting of issues
 Filling of offer document
 Minimum application size
 Norms for minimum tradeable lots
changed
 Code of advertisement
 Pricing by companies issuing securities