Securities and Exchange Board of India (SEBI) Act 1992 [Bare Act ] by Taxmann is a definitive legal text that compiles the most recent amendments and statutory provisions governing India’s capital markets and securities regulations. This comprehensive volume presents the authentic text of the SEBI Act, 1992, along with allied statutes, rules, and regulations. It is a reliable reference for anyone interested in securities law, ensuring readers stay current with the legal frameworks regulating India’s financial markets.

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 15^th 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
  • Securities and Exchange Board of India Act, 1992
  • Detailed Arrangement of Sections, followed by the full text of the Act
  • Notifications issued under the SEBI Act, offering clarity on the latest compliance norms
• Division Two
  • Securities Contracts (Regulation) Act, 1956
  • Arrangement of Sections and full text of the Act
• Division Three
  • Depositories Act, 1996
  • Arrangement of Sections and full text covering the roles and regulations of depositories in securities transactions
• Division Four
  • 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
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • 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.