investor protection
PROTECTION OF INVESTORS IN PRIMARY MARKET (IPOs) THROUGH ISSUE OF CAPITAL AND DISCLOSURE
REQUIREMENTS (ICDR)
1. INTRODUCTION
We have discussed in previous chapter that SEBI has wide powers to regulate the securities market and to protect the interest of investors in primary market as well as secondary market. The board has powers to regulate the functioning of stock broker, sub brokers or other intermediaries, so that investor’s money can not be lost by malpractices or in other way. The investment through primary market by investors deemed to the first step in this most technical securities market. Therefore, it is primary duty of the SEBI to protect their rights and interest at the first stage.
SEBI has issued soon after it was brought into existence in 1992 as a statutory body, a number of circulars and guidelines on disclosure and investor protection and has been amending and improving them from time to time to meet and deal with contraventions of the Act and distortions and malpractices in the market “To Protect the Interest of Investors and Shareholders”. These guidelines have been revised and consolidated in early 2000 as a compendium on SEBI (Disclosure & Investor Protection) Guidelines, 2000.
SEBI has been emphasizing on the importance of disclosure standards for corporate in disseminating relevant and correct information to the investors. With this view SEBI has appointed a committee under the chairmanship of Shri C B Bhave to suggest measures for improving the continuing disclosure standards by corporate and timely dissemination of price sensitive information to the public. The committee submitted its report t the SEBI.
Previously Issue of Securities has been dealt with by SEBI (DIP) Guidelines
2000. Presently Issue of Securities is regulated by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. SEBI (DIP) Guidelines have been replaced by these Regulations of 2009. These
REQUIREMENTS (ICDR)
1. INTRODUCTION
We have discussed in previous chapter that SEBI has wide powers to regulate the securities market and to protect the interest of investors in primary market as well as secondary market. The board has powers to regulate the functioning of stock broker, sub brokers or other intermediaries, so that investor’s money can not be lost by malpractices or in other way. The investment through primary market by investors deemed to the first step in this most technical securities market. Therefore, it is primary duty of the SEBI to protect their rights and interest at the first stage.
SEBI has issued soon after it was brought into existence in 1992 as a statutory body, a number of circulars and guidelines on disclosure and investor protection and has been amending and improving them from time to time to meet and deal with contraventions of the Act and distortions and malpractices in the market “To Protect the Interest of Investors and Shareholders”. These guidelines have been revised and consolidated in early 2000 as a compendium on SEBI (Disclosure & Investor Protection) Guidelines, 2000.
SEBI has been emphasizing on the importance of disclosure standards for corporate in disseminating relevant and correct information to the investors. With this view SEBI has appointed a committee under the chairmanship of Shri C B Bhave to suggest measures for improving the continuing disclosure standards by corporate and timely dissemination of price sensitive information to the public. The committee submitted its report t the SEBI.
Previously Issue of Securities has been dealt with by SEBI (DIP) Guidelines
2000. Presently Issue of Securities is regulated by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. SEBI (DIP) Guidelines have been replaced by these Regulations of 2009. These