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    Question

    Which of the following SEBI regulations are concerned

    with the issue of securities?
    A SEBI (ICDR) Regulations, 2018 Correct Answer Incorrect Answer
    B SEBI (DP) regulations, 2015 Correct Answer Incorrect Answer
    C SEBI (IPEF) Regulations, 2009 Correct Answer Incorrect Answer
    D SEBI (PIT) Regulations, 2015 Correct Answer Incorrect Answer
    E SEBI (SAST) Regulations, 2011 Correct Answer Incorrect Answer

    Solution

    Issue of securities are governed by various laws and regulations in India. Few of the directly related ones are: ┬╖┬а┬а┬а┬а┬а┬а┬а┬а The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the SEBI ICDR Regulations) ┬╖┬а┬а┬а┬а┬а┬а┬а┬а SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (the Listing Regulations) ┬╖┬а┬а┬а┬а┬а┬а┬а┬а The Companies Act, 2013 (2013 Act) ┬а The SEBI ICDR Regulations lay down guidelines relating to conditions for various kinds of issues including public and rights issue. The ICDR Regulations provide detailed provisions relating to public issue such as conditions relating to an IPO and Further Public Offer (FPO), conditions relating to pricing in public offerings, conditions governing promoterтАЩs contribution, restriction on transferability of promoterтАЩs contribution, minimum offer to public, reservations, manner of disclosures in offer documents, etc. The SEBI Listing Regulations lay down the broad principles for periodic disclosures to be given by the listed entities operating in different segments of the capital markets. The Companies Act, 2013 is the company law in India that gives the legal framework for incorporation of a company, its responsibilities, directors, liquidation, etc.

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