Section 196: Prohibition on payment of incentives

Q: What does Section 196 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) deal with?

Section 196 ICDR Regulations pertains to "Prohibition on payment of incentives". It is part of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a legislation enacted by the Parliament of India. Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) prohibits prohibition on payment of incentives. As verified on 19 May 2026.

Q: Is Section 196 ICDR Regulations still in force?

Yes, Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 is currently in force across the Republic of India.

Q: What is धारा 196 ICDR Regulations?

धारा 196 ICDR Regulations is the Devanagari Hindi reference for Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) prohibits prohibition on payment of incentives. As verified on 19 May 2026.

Q: What is Dhara 196 ICDR Regulations?

Dhara 196 ICDR Regulations is the Roman Hindi reference for Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. "Dhara" means "Section" in Hindi. Section 196 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) prohibits prohibition on payment of incentives. As verified on 19 May 2026.

Q: How to cite Section 196 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018?

Cite as: "Section 196, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)" in legal briefs. For academic writing, use the BlueBook format: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, § 196 (India).

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Thursday, 21 May 2026

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Table of Contents

SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Chapter VI — – Issuance Conditions and Procedure 191. Issuance conditions.

Section 196

Prohibition on payment of incentives

- Any person connected with the issue shall not offer any incentive, whether direct or indirect, in any manner, whether in cash or kind or services or otherwise to any person for making an application in the initial public offer, except for fees or commission for services rendered in relation to the issue.