Stock exchanges have been given complete powers to regulate and are not controlled by SEBI.

A company has to follow the regulations laid down by SEBI for the issue of capital.

A Follow-on issue can be made only by a listed company.

The shares have to be listed after a public issue of shares.

The first contribution of equity capital is made by the Promoters.

An Offer for Sale is a method of issue of shares to the public where the money raised does not add to the equity of the company.

Only a listed company can make a public issue of shares.

SEBI’s regulation does not consider the financial performance of a company in specifying the eligibility norms for a public issue.

Promoters can divest their entire holdings in a company through a public issue of shares.

A promoter’s entire holding in the company is locked‐in for a specified period after a public issue of shares.