2. Table Of Contents
Introduction to SEBI
Objectives of SEBI
Purpose and Role of SEBI
Functions of SEBI
SEBI guidelines regarding Issue
Pre Issue Regulations
Post Issue Regulations
SEBI Reforms
Guidelines To Investors
Limitations of SEBI
3. Introduction to SEBI
The Securities and Exchange Board of India
is the apex regulatory and development
agency of the Capital Market and Stock
Exchanges in India.
4. Objectives Of SEBI
Regulation of the Stock Exchange
Protection of the interest of the investors
Checking the insider trading
Code of conduct
5. Purpose and Role of SEBI
SEBI was set up with the main purpose to check
on malpractices. It was set up to meet the
needs of three groups:
Insurers
Investors
Intermediaries
6. Functions Of SEBI
Regulatory Functions:
Registration of brokers and agents
Notifications of Rules and regulations
Levying of fees
Regulator of investment schemes
Inspections and enquiries
7. Cont…
Developmental functions:
Investor Education
Training to intermediaries
Promotion of fair trade
Research
Promotion of fair practices as a code of conduct
for all S.R.Os.
8. SEBI Guidelines regarding
Issue
SEBI has certain rules and regulations that
are to be followed during this issue process of
any company
These obligations or more importantly rules
and regulations are with regards to the
Merchant Banker who has to follow it in the
pre-issue and post-issue cases
9. Pre Issue Regulations
Documents to be submitted along with offer
document
Memorandum of Understanding(MOU)
Inter-se Allocation of Responsibilities
Due-Diligence Certificate
Undertaking
List of promoters’ group and Other details
10. Cont…
Appointment of intermediaries
Appointment of other intermediaries
Underwriting
Offer Documents to be made Public
No-Complaint Certificate
Mandatory-collection centers
Authorized Collection agents
Abridged prospectus
Agreement with Depositories
11. Post-Issue Regulations
Post issue monitoring reports
Redressal of Investor Grievances
Coordination with intermediaries
Underwriters
Bankers to an Issue
Other responsibilities
12. SEBI reforms
REFORMS ON STOCK EXCHANGES
Compulsory audit
Transparency
Capital Adequacy
New Guidelines for Corporate Members
13. Guidelines to Investors
Registered Member
Trading Ring
Insist On Delivery
Complain
Special Arrangement
Delays or Harassment lying down.
14. Limitations of SEBI
Limited Transparency
Government Interference
Interest of small investors is hampered
Failed to check speculation
Fraudulent activities
