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