The Securities and Exchange Board of India Act, 1992

Securities and Exchange Board of India Act, 1992

This edition of the Securities and Exchange Board of India Act, 1992 (Act 15 of 1992), updated with all amendments introduced by the Tribunals Reforms Act, 2021 (Act 33 of 2021, dated 13-8-2021 & 4-4-2021), serves as a comprehensive and reliable legal reference for professionals in securities law, corporate governance, compliance, and financial markets, as well as for students preparing for competitive and professional examinations.

The book presents the bare text of the law—precisely as enacted—without commentary or interpretation, making it ideal for examination purposes, regulatory compliance, and legal referencing. It includes all the provisions of the SEBI Act, 1992, as they stand today, fully updated to reflect the latest legislative and regulatory changes. This ensures complete alignment with current market regulation frameworks and real-world applicability in securities and corporate practice.

The content spans the full scope of the SEBI Act and allied regulations, including:

• SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007

• SEBI (Credit Rating Agencies) Regulations, 1999

• SEBI (Custodian of Securities) Regulations, 1996

• SEBI (Foreign Portfolio Investors) Regulations, 2019

• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• SEBI (Mutual Funds) Regulations, 1996

• SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003

• SEBI (Prohibition of Insider Trading) Regulations, 2015

• SEBI (Settlement Proceedings) Regulations, 2018

• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

• SEBI (Alternative Investment Funds) Regulations, 2012

• SEBI (Portfolio Managers) Regulations, 2020

• SEBI (Research Analysts) Regulations, 2014

• SEBI (Infrastructure Investment Trusts) Regulations, 2014

• SEBI (Real Estate Investment Trusts) Regulations, 2014

• SEBI (Delisting of Equity Shares) Regulations, 2021

• All relevant SEBI circulars, guidelines, and notifications as amended up to date

This edition is particularly suitable for:

• Law students and academicians focusing on securities regulation and corporate law

• Compliance officers and corporate legal teams in listed companies and financial institutions

• Advocates and legal professionals representing clients in SEBI-related matters

• Market intermediaries such as brokers, portfolio managers, investment advisers, and rating agencies

• Candidates preparing for professional exams in capital markets, securities law, and financial regulation

Whether used in the courtroom, corporate boardroom, or academic setting, this updated text delivers the complete legislative authority of the SEBI Act, 1992, as it applies in 2025, together with all essential subordinate legislation for practical implementation.