Full Description
The book is a comprehensive exposition of the law and regulation of public offering of corporate securities. It explains an otherwise elaborate and complex set of laws in a simple and articulate manner, with an emphasis on the concepts and principles that are its foundations and building blocks.
The authors examine and explain
(i)the foundational terms and concepts;
(ii)evolution of regulation of public offerings in India;
(iii) regulatory agencies that administer the securities laws;
(iv)the legal setting of a public offer of corporate securities and the mechanics of the transaction;
(v)the different forms and bases of liabilities; and
(vi)the remedies available to investors.
The book is not a static commentary on the statutory provisions, rules, and regulations governing public offering of corporate securities. Written in a linear fashion, it begins with the basic concepts, then each subsequent topic, section, and chapter logically builds on the earlier analysis, leading to a coherent study. However, the sections and chapters can also be read independently by those who may wish to refer to a specific topic.
Contents
Foreword by Justice S. Ravindra Bhat; Preface; Table of Cases; Table of Legislation, Bills, and Provisions of the Constitution of India; Table of Delegated Legislation; Abbreviations and Acronyms; 1: Foundational Terms and Concepts; The Company as a Business Organization; Capital Requirement of Companies; Concept of Securities; Form of Securities; Corporate Securities; Free Transferability
of Corporate Securities; Raising Capital by Issue of Securities; Securities Market; Securities Law; 2: Evolution of Regulation of Public Offerings; History of Company Law; Disclosure Philosophy; Regulation of Public Offering under the Company Law; Control over Capital
Issues; The Indian Securities Market and Its Regulation; 3: Public Offer and Prospectus; Reasons to Go Public; Prospectus; Principal Legal Requirements for a Prospectus; Functions of a Prospectus; Types of Prospectuses; Listing of Securities and Types of Public Offering; Proponents of Public Offer and Offer for Sale; Prospectuses of Companies Incorporated Outside India; 4: Regulatory Agencies; Regulatory Enforcement Styles; Securities and Exchange Board of
India; Registrar of Companies; Stock Exchanges; Reserve Bank of India; 5: Public Offering Programme: General; Choice of Trading Segment; Eligibility Criteria; Appointment of Intermediaries; Participants Other than Intermediaries; Initial
Considerations; Preparing the Prospectus; Limitations on Publicity, Research Reports, and Financial Assistance; 6: Public Offering Programme: Public Issue; Organizing the Prospectus; Issue of the Prospectus; Allotment and Listing of Securities; Life as a Listed Company; 7: Liabilities and Regulatory Actions; Civil Liability; Criminal Liability; Pecuniary Penalty; Regulatory Actions; Index; About the Authors
