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No IPO Details Before SEBI Formation Available At Department Of Economic Affairs


Delhi: Department of Economic affair denied to provide information that which IPOs was approved under Capital Issues Control act 1947 before SEBI formation in 1992. Many IPOs listed in exchanges but so such approved list shared by DOEAF . As per PIO the information is 20 years old so they cannot provide it. It means they will not provide the name of finance ministers which appointed since independence . All the record 20 years old is destroyed? Nice excuse given given PIO to deny information . They donot want to share list of companies which got approval from DOE before 1992 so that fake companies will get benefit for that. In BSE more than 5200 companies are operating and in NSE 2200 approx companies are listed . 

Final Status of   DOEAF/R/E/23/00282

Applicant NameSapan Shrivastava
Date of receipt12/06/2023
Request Filed WithDepartment of Economic Affairs
Text of ApplicationRaising of capital from the securities market before 1992 was regulated Under the Capital Issues (Control) Act, 1947 or any before SEBI Formation.
RTI Question
1. Information about the act under which companies can raise capital from market till SEBI Formation ie before 1992.
2. Name of the companies IPO got permission to raise capital from market under above or any act before SEBI formation with date of permission or listing date before May 1992 .
3. Information about Body or Department which regulate securities market ie raising capital from market after the Capital Issues (Control) Act, 1947 repealed in May 1992.
Request document (if any)
StatusREQUEST DISPOSED OF as on 27/06/2023
Date of Action27/06/2023
RemarksReply :- Information is as under:
Point No. 1 and 2: Query pertains to the issues older than 20 years. Therefore, the information may be treated as Nil as the query falls under Section 8 (3) of the RTI Act, 2005.

Point No. 3: Securities & Exchange Board of India (SEBI) is the regulatory body for the Indian Securities Market.


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