SEBI - Page 301

SEBI : Listing fees from 1992-93 to 1996-97

Ref. SE/10118 (12/10/1992)

The Exchange is directed to set aside atleast 20% of the listing fees for providing services to the investing public. The exchange is also directed to provide daily quotation, other publications, computerised services and other services to the members of the stock exchange at cost price. The exchange would contribute 5% of total listing f...

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SEBI : Multiple Membership Criteria

Ref. SE/9281 (28/09/1992)

The Modification has been sought with regard to eligibility of a person, who has been a member of any stock exchange for a period of less than 5 years, to apply for membership in another exchange. It was proposed that such a person may be permitted to become member of another stock exchange if he agrees to relinquish the membership of the...

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SEBI : Inspection of brokers’ books

Ref. SE/7566 (06/08/1992)

after the inspection of records of the member brokers, the findings of the Exchange indicating whether the aforesaid directive of the Government has been implemented by brokers....

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SEBI : Delegation of Powers to SEBI under SC(R), Act, 1956

Ref. SE/7423 (04/08/1992)

The Government has further issued a notification on July 30, 1992 directing that the powers under the sub-section (5) of Section 4 and Sections 7, 8, 11, 12 and 16 of the Securities Contracts (Regulation) Act, 1956, which are exercisable by the Central Government shall also be exercisable by Securities and Exchange Board of India (SEBI). ...

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SEBI : Fixation of record dates preceding an issue

ref: SE/7041 (24/07/1992)

It is reported that some companies recently approached the Stock Exchanges to change the record dates which were fixed earlier in consultation with the Stock Exchanges. It should be noted in this connection that in accordance with the Guidelines for Disclosures and Investor Protection issued by the Securities and Exchange Board of India (...

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SEBI : Guidelines for public issues, Dated: 24.07.1992

Ref : SE/7026 (24/07/1992)

In continuation of our letter no. SE/4726 dated June 18, 1992 forwarding the Guidelines for Disclosures and Investor Protection regarding issue of capital, we are enclosing two press releases dated June 18, 1992 and July 16, 1992 issued by SEBI providing further clarifications on the subject, for your information and necessary action....

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SEBI : Disclosure in case of Listing of PSUs’ shares

ref:SE/6088 (07/07/1992)

Please refer to our letter No.SE/3050 dated April 09, 1992 advising you, inter alia, to inform the PSUs which approach your Exchange for listing of their shares to send a set of disclosure documents to SEBI and to your Exchange, particularly the relevant information required in the abridged prospectus ("Memorandum" under Section 56(3) of ...

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SEBI : Submission of daily reports

Ref. SE/5936 (01/07/1992)

Please ensure immediate compliance to the above instructions as they are in the context of requirements of the ensuing Parliament session....

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SEBI : Guidelines for public issues, Dated: 18.06.1992

ref:SE/4726 (18/06/1992)

These guidelines will apply to all issues of capital made by companies hereafter. However, those companies holding consents from the controller of Capital Issues granted prior to the promulgation of the Ordinance may proceed with the issues on the terms and conditions contained therein, subject to the requirement that the guidelines now i...

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SEBi : Clarifications on some of points – Guidelines for Disclosures and Investor Protection

Circular No. PMD/Cir.4730/92 (18/06/1992)

In respect of further issues, if there are no promoters, the "promoters contribution" will mean contribution by directors, friends, relatives, associates and contribution from them shall not be less than 25% or 20% of the total issue of equity capital as the case may be, with lock-in period of five years....

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Latest SEBI News

Get the latest news on SEBI from Taxguru. Read all the relevant SEBI circulars, updates to SEBI Act and SEBI Regulations exclusively at Taxguru.

SEBI (Securities and Exchange Board of India) was established in 1988 as a non-statutory body to regulate the Indian securities market. On April 12th, 1992, the Government of India made SEBI an autonomous body and offered statutory powers by passing the SEBI Act 1992 in the Parliament. SEBI is the regulator for the Indian securities market and has three major functions:  quasi-judicial, quasi-legislative and quasi-executive.

With the increase in the number of dealings in the Indian stock markets, a lot of malpractices was seen like price rigging, the unofficial premium on a new issue, delay in shares delivery, violations with respect to rules and regulations of the stock exchange and the listing requirements. With all such malpractices in place, the customers were losing their faith and confidence in the Indian stock exchange. Hence, the Indian government decided to set up a regulatory body or an agency known as SEBI (Securities Exchange Board of India).

SEBI drafts the regulations in the legislative capacity, it conducts investigations and enforces actions as per its executive function and it also passes orders and rulings as per its judicial capacity.The Indian Government has been vested SEBI with the following powers:

  • for approving the by−laws of stock exchanges.
  • requiring the stock exchange for amending their by−laws.
  • inspecting the books of accounts and calling for periodical returns from the recognized stock exchanges.
  • inspecting the books of accounts of the financial intermediaries.
  • compelling companies for list their shares on stock exchanges.
  • registration brokers.

At Taxguru, we bring you all the recent and the latest news on SEBI and SEBI regulations. Our panel of experts publishes SEBI circulars as and when there are any developments. Find out all the trending and latest SEBI news here at Taxguru. Get to know more about SEBI Act and SEBI regulations with blogs and articles published by our experts.