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    SEBI order

    Posted By : ACS Prem Munjal / Published on : 17-Aug-2018 12:04 AM / View : 751 / Comment : 2

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    What does 'debar from accessing the securities market' mean?
    Read more on : order sebi

    • It means:-

      The issuer cannot make a public issue or rights issue of specified securities if:

      (i) the issuer, any of its promoters, promoter group, directors or persons in control of the issuer are debarred from accessing the capital market by SEBI; or

      (ii) any of the promoters, directors or persons in control of the issuer are or were a promoter, director or person in control of any other company which is debarred from accessing the capital market under any order or direction made by SEBI. See Regulation 4(2) of SEBI (ICDR) Regulations, 2009.

      12-11-2018 / 10:51:09 AM
      Reply
    • Thanks! for your response. By your words, it's appeared that the promoters or other persons and group companies would not access the primary market.

      In general sense, Securities market means the market which facilitates you to exchange your securities of any form in a market, be it primary or secondary market. May I know the meaning of 'securities market' in the given case?  

      23-11-2018 / 09:21:57 AM
      Reply
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