Securities and Exchange Board of India Act 1992 with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 – Bare Act with Section Notes

Securities and Exchange Board of India Act 1992 with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 [Bare Act with Section Notes] by Taxmann is a comprehensive statutory resource that provides a clear and authoritative understanding of India's securities market regulatory framework.

This 2026 Edition presents the complete and updated text of the SEBI Act 1992, along with the SEBI (ICDR) Regulations 2018, supplemented by concise section-wise and regulation-wise notes.

The publication enables readers to grasp the legislative intent, regulatory architecture, and practical application of securities law governing capital markets, intermediaries, and listed entities in India. It serves as an essential reference for all stakeholders seeking clarity on SEBI's powers, functions, and the regulatory norms governing the issue of capital and disclosures.

This book is intended for the following audience:

• Legal Practitioners & Judges – Advocates, litigators, and members of the judiciary handling matters relating to securities regulation, SEBI enforcement actions, capital market disputes, and regulatory compliance
• Chartered Accountants, Company Secretaries & Cost Accountants – Professionals advising on IPOs, rights issues, disclosures, compliance audits, and SEBI-related regulatory filings
• Investment Bankers & Market Intermediaries – Merchant bankers, underwriters, registrars, and other intermediaries involved in public issues and capital raising
• Corporate & In-house Legal Teams – For understanding the statutory obligations of issuers, listed companies, promoters, and directors under SEBI law
• Regulators, Compliance Officers & Market Participants – For day-to-day reference on regulatory powers, procedures, and compliance standards
• Academicians & Students – Law, commerce, and management students studying securities law, capital markets, and financial regulation

The Present Publication is the 2026 Edition, covering the amended and updated text of the Securities and Exchange Board of India Act [Act No. 15 of 1992] and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018, with the following noteworthy features:

• Complete Text of the Act & Regulations – Presents the fully updated statutory text of the SEBI Act 1992 along with the SEBI (ICDR) Regulations 2018, ensuring users have a consolidated regulatory framework at their fingertips
• Updated Amendments & Regulatory Changes – Incorporates amendments, substitutions, and regulatory updates applicable up to date
• Pre-amendment Provisions – Includes the text of provisions as they stood prior to amendment in the relevant footnotes, enabling readers to understand the earlier legal position and its applicability
• Section-wise & Regulation-wise Notes – Each section of the Act and each regulation is followed by concise explanatory notes clarifying scope, intent, key concepts, and regulatory implications
• Capital Issue & Disclosure Framework – Provides structured coverage of eligibility conditions, disclosures, pricing, allotment, listing requirements, and ongoing compliance for capital issues
• User-friendly Layout – Logical arrangement and clear presentation facilitate easy navigation across topics such as SEBI's powers, market regulation, enforcement, and the issue of capital norms
• Reference to Allied Provisions – Cross-references within the Act and Regulations assist readers in understanding the interlinkages between statutory powers and regulatory obligations

The structure of the book is as follows:

• Bare Act Format – Each section of the SEBI Act and each regulation of the ICDR Regulations is reproduced verbatim to preserve statutory authenticity
• Section-by-section & Regulation-by-regulation Notes – Concise explanatory notes immediately follow the statutory text to clarify interpretation, intent, and regulatory context
• Logical Sequence – Provisions are arranged in a flowing and systematic manner, beginning with definitions and establishment of SEBI, and progressing through regulatory powers, capital issue norms, and enforcement mechanisms
• User-friendly Aids – Clear headings, sub-headings, bullet points, and structured formatting assist in quick reference and practical use
• Subject Index – A detailed subject index enables readers to locate specific topics, provisions, and regulatory themes quickly