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CS Executive · Capital Market and Securities Laws · Basics of Capital Market

Arjun's company wants to raise funds through a public issue of equity shares. Which regulator's framework, together with the Companies Act, 2013, chiefly governs the disclosure and issue process for a listed or to-be-listed company?

SEBI governs public issues of equity through its Issue of Capital and Disclosure Requirements Regulations, working alongside the Companies Act, 2013. These rules prescribe eligibility and disclosure norms for issuers. RBI, IRDAI and the Competition Commission regulate other areas and do not govern issue disclosures.

  1. ASEBI, through its ICDR RegulationsCorrect
  2. BRBI, through its monetary policy circulars
  3. CIRDAI, through its investment regulations
  4. DCompetition Commission of India, through merger control rules

Explanation

Public issues of equity are regulated by SEBI through the Issue of Capital and Disclosure Requirements Regulations, alongside the Companies Act, 2013. The other bodies regulate monetary policy, insurance and competition, not issue disclosures.

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