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GUIDE TO SEBI CAPITAL ISSUES, DEBENTURES & LISTING
By
K SEKHAR
The deregulation and liberalisation of the economy has brought in its wake phenomenal growth and development of the capital market in India. Reforms such as abolition of control over capital issues, opening of Indian market to FII\\\\\\\'s and the Euro issues market to Indian corporates have changed the structure and character of the Indian capital market. Several companies have successfully raised large resources from the market through equity and debt instruments from the domestic and international capital market. The emergence of the securities market into the mainstream of the financial system of the country is an inevitable outcome of the maturing process of the financial system.
In keeping with the wave of liberalisation, the regulatory framework of the capital market has also undergone revolutionary changes. SEBI has been given autonomous status with wide powers to register, regulate and monitor the various intermediaries in the capital market. Rules and regulations have been notified for brokers, sub-brokers, registrars to the issue and securities transfer agents, merchant bankers, portfolio managers, depositories and custodians, debenture trustees and mutual funds and on various other matters. The regulatory framework of the capital market encompasses the SEBI Act and the rules and regulations issued thereunder, guidelines, circulars and press notes issued by SEBI,
relevant provisions of the Companies Act and the rules and regulations made thereunder applicable to capital market, the circulars, guidelines, clarifications and press notes issued by the Central Government on various matters related to the capital market, the Securities Contracts (Regulation) Act and the rules made thereunder and a host of other legislation. The book appropriately titled \\\\\\\'Guide to SEBI Capital Issues, Debentures & Listing\\\\\\\', is a most comprehensive, authentic and up-to-date treatise on the capital market in India and contains a lucid exposition of conceptual, legal and procedural framework of the capital market in India. For systematic treatment of the subject, this book has been divided into twelve part
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