Before Independence, there was a need of labour laws to safeguard the interest of workers who were then the slaves to the britishers. After Independence till date there has been various major changes in Labour Laws considering the interest of the workers

Every Law framed / implemented by the Government has some or the other impact on the economy of the Country. There were various Law implemented in India for recovery of debts, securitisation of assets, etc the said laws were amended or changed from time to time considering the changes of the market

Initially when Companies got an option to list their equity shares on stock exchanges (SEs) through Initial Public Offers (IPOs) and
Further Public Offers (FPOs), they must have thought that SEs were the platform for trading and that would be the only role to play to SEs
in issuance of Securities.