India’s capital markets, and consequently its capital markets regulator (that is the Securities and Exchange Board of India or “SEBI”) and its regulations, have developed at a frenetic pace in the last few years.
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Crawford Bayley & Co
The development of the statutory framework is illustrated admirably by the development of the guidelines in relation to “public issues”.
Called the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, and popularly referred to as just the “DIP Guidelines”, the development of these guidelines into what they are today is an interesting piece of history.
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Sanjay Asher is a partner with Crawford Bayley & Co. Prerak Ved is an associate.
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Email: sanjay.asher@crawfordbayley.com
