Taxmann SEBI Manual (Set of Three Volumes) Edition July 2024

This book is the most updated & amended compendium of the annotated text of the Acts, Rules, Regulations, Circulars, Master Circulars, etc., on SEBI & Securities Laws in India. This book is unique because it includes all Circulars that amend or clarify primary Circulars, providing a complete and coherent picture.

The recent changes (from February 2024 – June 2024) in SEBI & Securities Law include:

• 15+ Amendments in Act/Rules/Regulations
• 20+ Updated/New Master Circulars

This book is helpful for lawyers and legal professionals specializing in securities law, compliance officers in financial institutions, and investors and analysts monitoring regulatory changes. It also benefits academic researchers and students in finance and law, policymakers and regulators in financial markets, and corporate executives and board members overseeing regulatory compliance.

The Present Publication is the 43^rd Edition | July 2024 & amended up to 31^st May 2024. This book is edited by Taxmann’s Editorial Board.

The coverage of this book includes:

Annotated Text of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended up to date), with the following:

• Master Circular for Issue of Capital and Disclosure Requirements
• Guidelines for Returning of Draft Offer Documentation and its Resubmission
• Self-Regulatory Organizations for Social Impact Assessors in the Context of Social Stock Exchange (SSE)
• Audio Visual (AV) Presentation of Disclosures made in Public Issue Offer Documents

Annotated Text of SEBI Act, 1992 (as amended up to date) with SEBI Notifications

Securities Contracts (Regulations) Act, 1956 (as amended up to date) with Securities Contracts (Regulation) Rules, 1957, with the following:

• Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties) Rules, 2005
• Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
• Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
• Securities Contracts (Regulation) (Appeal to Securities Appellate Tribunal) Rules, 2000
• Clarifications

45+ SEBI Rules/Regulations, 60+ Circulars/Notifications/Press Notes In-force, 20+ Master Circulars, and 3+ Operational Circular

Annotated Text of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) with the following:

• Master Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, by listed entities
• Master Circular on
• Scheme of arrangement by Listed Entities and
• Relaxation under sub-rule (7) of Rule 19 of the Securities Contracts (Regulation) Rules, 1957
• Relaxation from the requirement to furnish a copy of PAN for transfer of equity shares of Listed Entities executed by non-residents
• Re-lodgement of transfer requests of shares
• Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for an Entity with listed Non-Convertible Securities
• Master Circular for Listing Obligations and Disclosure Requirements for Non-Convertible Securities, Securitized Debt Instruments and/or Commercial Paper
• Extension of timeline for verification of market rumours by listed entities
• Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Procedural framework for dealing with unclaimed amounts Lying with entities having listed Non-Convertible securities and Manner of claiming such amounts by Investors
• Extension of Timeline for Verification of Market Rumours by Listed Entities
• Framework for Considering Unaffected Price for Transactions upon Confirmation of Market Rumours
• Industry Standards on Verification of Market Rumours
• Timelines for Disclosures by Social Enterprises on Social Stock Exchange (‘SSE’) for FY 2023-24
• Listing Agreement for Indian Depository Receipts (IDRs)

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorised and reliable sources
• All the latest developments in the judicial and legislative fields are covered
• Analytical write-ups should be provided on recent, controversial and important issues to help the readers to understand the concept and its implications
• It must be ensured that every content published by Taxmann is complete, accurate and lucid
• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No. or citations
• The golden rules of grammar, style and consistency are thoroughly followed
• Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied