Sl Issued

No Year Regulations Brief

 Merchant banking: activities such as Issue
management, underwriting security issuances
SEBI (Merchant Bankers) (e.g. an IPO), undertaking valuation of businesses,
1 1992 Regulations, 1992 setting up and packaging M&A deals etc.

SEBI (Stock Brokers and Sub-Brokers)

2 1992 Regulations, 1992
Debenture trustee (DT): Safeguards the interest
of debenture holders, serves as a liaison between
the issuer (company) and the investor (debenture
holder)
 SEBI (DT) Regulations governs the eligibility
criteria for registration with SEBI, code of conduct
SEBI (Debenture Trustee) and other regulations to monitor and review the
3 1993 Regulations, 1993 working of debenture trustees.
A body corporate who signs a contract with a client,
and advises/ undertakes on behalf of the client the
management or administration of a portfolio of
securities or funds of the client.

Two types:

The discretionary portfolio manager individually and

independently manages the funds of each client in
accordance with the needs of the client.
The non-discretionary portfolio manager manages
SEBI (Portfolio Managers) the funds in accordance with the directions of the
4 1993 Regulations, 1993 client.
‘Registrars to an Issue’ – At the time of new share
issue - Collects applications from investors, proper
maintenance of applications and any monies received
from investors or paid to the seller of securities,
assists the company in determining the basis of
allotment of securities in consultation with the stock
exchange, finalizing the list of persons entitled to
allotment of securities and; processing and
dispatching allotment letters, refund orders or
certificates and other related documents in respect of
the issue..
‘Share transfer agent’ (for existing issue of shares) is
an agent who, on behalf of the body corporate (who
has issued shares), maintains records of holders of
SEBI (Registrars to an Issue and Share shares/ securities and deals with the processes of
5 1993 Transfer Agents) Regulations, 1993 transfer and redemption of the shares/ securities.
  Underwriting: an agreement to subscribe to the
securities of a company when the existing
shareholders/ public do not subscribe to the
securities offered to them (basically an
SEBI (Underwriters) Regulations, Underwriter guarantees the subscription of an
6 1993 1993 issue, i.e., koi nahi lega to mein le lunga!)
 Banker to an issue: A scheduled bank carrying
on all or any of the following activities: (i)
acceptance of application and application monies
(ii) acceptance of allotment or call monies; (iii)
SEBI (Bankers to an Issue) refund of application monies; (iv) payment of
7 1994 Regulations, 1994 dividend or interest warrants
 Custodian is any entity that carries out custodial
services, which means safekeeping of securities
and providing other incidental services, and
includes— (i) maintaining accounts of securities
(ii) collecting the benefits or rights accruing to
the client (iii) keeping the client informed of the
SEBI (Custodian Of Securities) actions taken or to be taken by the issuer of
8 1996 Regulations, 1996 securities (iv) maintaining and reconciling records
SEBI (Mutual Funds) Regulations,
9 1996 1996
 Buy-back: the process through which a cash rich
Company purchase its own shares or other
securities from its shareholders and cancel them
SEBI (Buy Back Of Securities) after such purchase. Buy back helps in capital re-
10 1998 Regulations, 1998 structuring
 Any pooling of funds of more than Rs. 100 Crore
SEBI (Collective Investment is considered to be a CIS (Collective Investment
11 1999 Schemes) Regulations, 1999 Scheme).
SEBI (Credit Rating Agencies)
12 1999 Regulations, 1999 Read FAQ
SEBI (Foreign Venture Capital
13 2000 Investors) Regulations 2000
SEBI (Procedure for Board Meetings)
14 2001 Regulations, 2001
SEBI (Issue of Sweat Equity)
15 2002 Regulations, 2002
SEBI (Central Database Of Market
16 2003 Participants) Regulations, 2003
SEBI (Ombudsman) Regulations,
17 2003 2003
SEBI (Prohibition of Fraudulent and
Unfair Trade Practices relating to  Also called PFUTP regulations
18 2003 Securities Market) Regulations, 2003  To check fraudulent TRADING activity
 SEBI (Self-Regulatory Organisations)
19 2004 Regulations, 2004
SEBI (Regulatory Fee on Stock
20 2006 Exchanges) Regulations, 2006
SEBI (Certification of Associated
Persons in the Securities Markets)
21 2007 Regulations, 2007
SEBI (Intermediaries) Regulations,
22 2008 2008
 Deals with provisions relating to public issue of
SEBI (Issue and Listing of Debt non-convertible Debentures (NCDs). Convertible
23 2008 Securities)Regulations, 2008 debentures are dealt with by ICDR Regulations
SEBI (Issue and Listing of Securitized
Debt Instruments and Security
24 2008 Receipts) Regulations, 2008
SEBI (Delisting of Equity Shares)  Provisions for DELISTING of companies from a
25 2009 Regulations, 2009 stock exchange
SEBI (Investor Protection and
26 2009 Education Fund) Regulations, 2009
 Also called SAST or TAKEOVER Regulation
 In the event of a Substantial acquisition of shares
or voting rights or control (CSV: Control, Shares,
Voting rights) of a target company by an acquirer,
he (the acquirer) is required to make an 'open
offer' to the public shareholders of the target
company (Why?: For example, X is a public
shareholder of a TATA company, when that
particular company is taken over by any other
person (which X cannot stop), X may not be
interested in remaining the shareholder of the
company under the new management, as he may
SEBI (Substantial Acquisition of not trust the management enough. Hence, X
Shares and Takeovers) Regulations, should have an option to quit, and thus the OPEN
27 2011 2011 OFFER!)
 KYC: Each SEBI intermediary has to collect
SEBI {KYC (Know Your Client) documents with regard to Proof of Identity and
Registration Agency} Regulations, Proof of address for every client (e.g. PAN Card,
28 2011 2011 Aadhar Card, Passport, etc.)
 AIF: any fund established or incorporated in India
which is a privately pooled investment vehicle
which collects funds from sophisticated
investors, whether Indian or foreign, for investing
SEBI (Alternative Investment Funds) it in accordance with a defined investment policy
29 2012 Regulations, 2012 for the benefit of its investors.
  Investment adviser is any person, who for
SEBI (Investment Advisers) consideration (i.e. FEE), is engaged in the business
30 2013 Regulations 2013 of providing investment advice to clients
SEBI (Issue And Listing Of Non-
Convertible Redeemable Preference
31 2013 Shares) Regulations, 2013
SEBI (Foreign Portfolio Investors)
32 2014 Regulations, 2014
SEBI (Infrastructure Investment
33 2014 Trusts) Regulations, 2014
 REIT: a company that owns, operates or finances
SEBI (Real Estate Investment Trusts) income-producing real estate. It provides
34 2014 Regulations, 2014 investors the chance to invest in real estate
SEBI (Research Analysts)
35 2014 Regulations, 2014
SEBI (Settlement of Administrative
and Civil Proceedings) Regulations,
36 2014 2014
SEBI (Share Based Employee
37 2014 Benefits) Regulations, 2014
SEBI (Issue and Listing of Debt
Securities by Municipalities)
38 2015 Regulations, 2015
SEBI (Listing Obligations and  To consolidate and streamline the provisions of
Disclosure Requirements) existing listing agreements and disclosure norms
39 2015 Regulations, 2015 for different segments of capital markets
SEBI (Procedure for Search and
40 2015 Seizure) Repeal Regulations, 2015
 Also called PIT Regulations
 Replaced SEBI(PIT) Regulations 1992
 Connected person: Any person associated with
the company in the past SIX months,
directly/indirectly, IN ANY CAPACITY, relationship
may be permanent/temp
 Insider: A CONNECTED person / any person with
access to Unpublished Price Sensitive
SEBI (Prohibition of Insider Trading) Information(UPSI)
41 2015 Regulations, 2015  Promoters are NOT insider
Securities and Exchange Board of
India (Appointment of Administrator
and Procedure for Refunding to the
42 2018 Investors) Regulations, 2018
 Securities and Exchange Board of
India (Buy-back of Securities)
43 2018 Regulations, 2018
Securities and Exchange Board of
India (Depositories and Participants)
44 2018 Regulations, 2018
Securities And Exchange Board Of  Called the ICDR Regulations
India (Issue Of Capital And  Deals with the public issue and rights issue of
Disclosure Requirements) convertible debentures by listed entities,
45 2018 Regulations, 2018 whether compulsorily or optionally convertible.
Securities Contracts (Regulation)
(Stock Exchanges and Clearing
46 2018 Corporations) Regulations, 2018

 Stock Exchanges:

Country Index
India BSE, NSE, MSE
Commodity Exchanges (India) NCDEX, MCX, NMCE
Japan NIKKEI
China CSI
Hong Kong Hang Seng
Singapore Strait Times (Malacca Strait se inspired)
S Korea KOSPI
US NASDAQ, NYSE, DOW
France CAC
Germany DAX
UK FTSE

 Functions of SEBI: Investor Protection, Market Regulation, Market Development (DROP) O

indicates the success that SEBI has had in the three functions! ;)
 ETF: Exchange Traded Fund - An investment fund that is traded on stock exchanges, like a share.
An ETF holds assets such as stocks, commodities, bonds, even gold!