This book is intended for the following audience:
• Legal Professionals – Advocates, corporate lawyers, and counsels who require a precise understanding of the SEBI Act and related legislation
• Compliance Officers & Company Secretaries – Professionals entrusted with ensuring businesses and market participants comply with statutory and regulatory norms
• Academicians & Law Students – Educators, researchers, and students seeking a thorough comprehension of securities law and its practical implications
• Investors & Finance Professionals – Portfolio managers, equity analysts, and general investors who wish to remain informed about the legal environment of securities markets
The Present Publication is the 2025 Edition, covering the amended and updated text of the SEBI Act [Act No. 15 of 1992] along with allied statutes, rules, and regulations, with the following noteworthy features:
• [Updated Statutory Text] Incorporates the latest amendments to the SEBI Act, 1992, reflecting legal developments up to 15th January 2025
• [Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
• [Authoritative Bare Act Format] Presents the law in its original, unabridged form, ensuring accuracy and reliability
[Comprehensive Coverage] Includes key regulations and rules issued under the SEBI Act, along with other relevant securities legislations such as the Securities Contracts (Regulation) Act, 1956, and the Depositories Act, 1996
• [User-friendly Arrangement] Detailed tables, section-wise contents, and notifications for effortless navigation and cross-referencing
• [Notifications & Regulations] Contains the notifications issued under the SEBI Act and comprehensive coverage of critical SEBI regulations, including those on insider trading, takeovers, stock brokers, and more
• [Clear Layout & Design] Organised divisions and neat formatting facilitate quick referencing and a streamlined reading experience
The coverage of the book is as follows:
• Division One
o Securities and Exchange Board of India Act, 1992
o Detailed Arrangement of Sections, followed by the full text of the Act
o Notifications issued under the SEBI Act, offering clarity on the latest compliance norms
• Division Two
o Securities Contracts (Regulation) Act, 1956
o Arrangement of Sections and full text of the Act
• Division Three
o Depositories Act, 1996
o Arrangement of Sections and full text covering the roles and regulations of depositories in securities transactions
• Division Four
o SEBI Rules & Regulations, including:
§ Securities Contracts (Regulation) Rules, 1957
§ SEBI (Buy-Back of Securities) Regulations, 2018
§ SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
§ SEBI (Prohibition of Insider Trading) Regulations, 2015
§ SEBI (Stock Brokers) Regulations, 1992
§ SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
§ SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003
• Division Five
o SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
o Arrangement of Regulations, followed by the full text
The structure of the book is as follows:
• Logical Division-wise Organisation – The material is segmented into five distinct divisions, each dedicated to a major legislation or a set of regulations. This approach gives readers a clear roadmap of the broader legal framework
• Arrangement of Sections & Regulations – Each statute and regulation begins with an arrangement of sections, making it simple to locate specific provisions
• Full Text & Notifications – After the arrangement of sections, the bare text of the laws and the appended notifications are provided, ensuring instant reference to the precise language of the law
At the core of Taxmann's commitment to delivering insightful and reliable information is a highly skilled Research & Editorial Team consisting of Chartered Accountants, Company Secretaries, and Lawyers. Guided by Editor-In-Chief Mr Rakesh Bhargava, this team upholds Taxmann's role as a leading content provider in the professional knowledge space.
Operating with Six Sigma-inspired precision, the team is driven to eliminate errors and maintain excellence across all content outputs. Their content creation follows strict editorial principles to ensure authority, depth, and insight. Key guidelines include:
• Verified Sourcing – All statutory content is carefully curated from credible, authorized sources, ensuring authenticity and dependability
• Up-to-Date Information – With a commitment to timely updates, the team ensures readers are informed of the latest judicial and legislative changes
• Analytical Depth – Focused on high-impact issues, the team provides deep analysis to help readers understand the implications and nuances of recent developments
• Precise and Accurate Communication – Each publication is crafted for clarity and precision, making complex topics accessible and practical for professionals
• Rigorous Referencing – Analytical insights are thoroughly referenced with relevant sections, circulars, notifications, and rulings, enhancing trustworthiness
• Consistency and Quality – Taxmann adheres strictly to standards of style, grammar, and format, ensuring a smooth and professional reading experience
• Reader-Friendly Design – Both print and digital formats are designed with legibility in mind, enhancing accessibility across platforms
By adhering to these standards, Taxmann's Editorial Team strengthens its position as a trusted content company, empowering professionals with authoritative resources to make informed decisions.