Capital Issues (Control) Act, 1947

The Capital Issue (Control) Act, 1947 was the pivotal act governing the issuance of capital by corporates from 1947 to 1992, until economic reforms and new economic policy in India replaced the remit this piece of legislation with that of the SEBI Act, 1992. This article explores the origin, evolution and role of the Capital Issues (Control) Act, 1947.

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