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    <title>SEBI IS HAVING POWER TO INVESTIGATE ON COMPLAINTS FROM INVESTOR EVEN AFTER THE CLOSURE OF THE PUBLIC ISSUE</title>
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    <description>SEBI&#039;s remit to enforce truthful prospectus disclosure and to examine issue- and transfer-related transactions extends beyond public issue closure; Section 55A and the SEBI Act authorize SEBI to review draft and final prospectuses, investigate complaints alleging misstatements or sham share transfers that mask litigation or relationships, and exercise preventive and corrective regulatory powers. Administrative lapses in complaint registration and follow-up can undermine deterrence and investor protection.</description>
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