SEBI Manual (Set of 3 Volumes) book by Taxmann

SEBI Manual stands as the most authoritative and exhaustive compendium on India's securities laws, consolidating all statutory and regulatory frameworks administered by the Securities and Exchange Board of India (SEBI). This three-volume set incorporates fully updated and meticulously annotated texts of principal Acts, Rules, Regulations, Circulars, and Master Circulars. Designed for precision, clarity, and utility, it is the definitive reference for anyone engaged in the securities market, offering a comprehensive toolkit to navigate India's evolving regulatory landscape.

This book is intended for the following audience:

• Legal Practitioners, Law Firms & In-house Counsel – For advisory, compliance, litigation, and representation before SEBI and appellate forums
• Market Intermediaries & Compliance Officers – For day-to-day compliance, regulatory updates, and operational guidance
• Corporates, Promoters & Board Members – For strategic planning, disclosure, governance, and capital market transactions
• Chartered Accountants, Company Secretaries & Cost Accountants – For audit, certification, and professional opinions
• Academicians, Researchers & Students – For study, teaching, and reference in securities law and capital markets
• Regulators, Policymakers, & Enforcement Agencies – For ready access to consolidated laws and regulatory updates

The Present Publication is the 45^th Edition | 2025 and amended up to 15^th May 2025. This book is edited by Taxmann's Editorial Board, with the following noteworthy features:

• [Comprehensive Coverage] Integrates the latest statutory amendments, regulations, and all relevant circulars/master circulars issued by SEBI
• [Section-wise Annotations] In-depth explanatory notes, expert commentary, and interpretative guidance alongside each provision
• [Circulars Consolidated] All circulars are duly updated; amendments/clarifications are clubbed with the primary circular for contextual clarity
• [User-friendly Navigation] Detailed subject index, cross-referencing, and logical structuring ensure quick access and ease of reference
• [Practical Utility] Highlights compliance requirements, regulatory procedures, and recent policy developments impacting the securities market
• [Regularly Cited by Courts & Tribunals] The SEBI Manual is widely relied upon by the legal fraternity and regulatory authorities as an authentic reference
• [Preferred by Compliance Professionals] Recognised for its reliability and thoroughness in regulatory compliance and due diligence

The coverage of the book is as follows:

• Volume 1
  • Annotated SEBI Act, 1992 & Securities Contracts (Regulation) Act, 1956
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Comprehensive coverage of:
    • Accredited Investors
    • Alternative Investment Funds
    • Bankers to an Issue
    • Buy-back of Securities
    • Collective Investment Schemes
    • Commodity Derivatives
    • Credit Rating Agencies
    • Custodians & Debenture Trustees
    • Delisting of Securities
    • Depositories
  • All relevant circulars/master circulars, amendments, and clarifications
• Volume 2
  • In-depth coverage of:
    • Derivatives
    • Employee Benefit Schemes & Sweat Equity
    • Euro Issues
    • Foreign Portfolio/Venture Capital Investors
    • Index Providers
    • Infrastructure Investment Trusts
    • Insider Trading (Prohibition)
    • Investment Advisers
    • Investor Protection
    • KYC Registration Agency
    • Lead Managers & Merchant Bankers
    • Money Laundering
    • Municipal Debt Securities
    • Mutual Funds
    • Non-convertible Redeemable Preference Shares
    • Portfolio Managers
  • Circulars and clarifications presented in a consolidated manner
• Volume 3
  • Exhaustive coverage of:
    • Real Estate Investment Trusts
    • Refund to Investors
    • Registrar to an Issue/Share Transfer Agents
    • Research Analysts
    • Securities Appellate Tribunal
    • Securities Lending & Borrowing
    • Securitised Debt Instruments
    • Stock Brokers & Stock Exchanges
    • Underwriters
    • Unfair Trade Practices
    • Vanishing Companies
    • Vault Managers
    • Other related Rules & Regulations
    • Applications Supported by Blocked Amount (ASBA)
  • Includes the updated & annotated text of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, with SEBI's clarifications and Master Circulars

The structure of the book is as follows:

• Section-wise Presentation – Each statute, regulation, and circular is presented in a logically structured, section-wise format for granular reference
• Annotations & Expert Notes – Analytical commentary accompanies each legal provision, assisting in interpretation and practical application
• Circular Integration – Primary circulars and all related amendments/clarifications are consolidated to offer a holistic and current regulatory perspective
• Volume-wise Thematic Segregation – Content is organised thematically across three volumes for easy access and subject-focused reference
• Comprehensive Indexing & Cross-referencing – Multi-level indexes, tables, and cross-references enable seamless navigation