What is SEBI and what is its role?
The Securities and Exchange Board of India (SEBI) is the regulatory
authority in India established under Section 3 of SEBI Act, 1992. SEBI Act,
1992 provides for establishment of Securities and Exchange Board of India
(SEBI) with statutory powers for (a) protecting the interests of investors in
securities (b) promoting the development of the securities market and (c)
regulating the securities market. Its regulatory jurisdiction extends over
corporates in the issuance of capital and transfer of securities, in addition to
all intermedia ries and persons associated with securities market. SEBI has
been obligated to perform the aforesaid functions by such measures as it
thinks fit. In particular, it has powers for:
§
markets
Regulating the business in stock exchanges and any other securities§
etc.
Registering and regulating the working of stock brokers, sub–brokers§
Promoting and regulating self-regulatory organizations§
Prohibiting fraudulent and unfair trade practices§
inquiries and audits of the stock exchanges, intermediaries, self –
regulatory organizations, mutual funds and other persons associated
with the securities market.
Calling for information from, undertaking inspection, conducting
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