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Firstly, the official name of SEBI is "Securities and Exchange Board of India".

Now to your question. The Securities and Exchange Board of India (SEBI) was formed in 1992 with the SEBI Act 1992 (see related links for article.) being passed. SEBI is responsible for the needs of three groups of people:

  • the issuers of securities
  • the investors
  • the market intermediaries.

SEBI has three functions in its body: quasi-legislative, quasi-judicial, and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Although this makes SEBI very powerful, there is an appeals process to create accountability. There is a Securities Appellate Tribunal which is a three member tribunal and is presently headed by a former Chief Justice of a High court - Mr. Justice NK Sodhi. A second appeal lies directly to the Supreme Court.

SEBI has enjoyed success as a regulator by pushing systemic reforms aggressively and successively (e.g. the quick movement towards making the markets electronic and paperless rolling settlement on T+2 basis). SEBI has been active in setting up the regulations as required under law.

This is the role of SEBI in India.

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13y ago
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16y ago

The regulatory body for the investment market in India. The purpose of this board is to maintain stable and efficient markets by creating and enforcing regulations in the marketplace. Investopedia Says:

The Securities and Exchange Board of India is similar to the U.S. SEC. The SEBI is relatively new (1992) but is a vital component in improving the quality of the financial markets in India, both by attracting foreign investors and protecting Indian investors. For the source and more detailed information concerning your request, click on the related links section indicated below.

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12y ago

SEBI is the primary governing/regulatory body for the securities market in India. All transactions in the securities market in india are governed & regulated by SEBI.

The SEBI Governs the following

1. New Issues (Initial Public Offering or IPO)

2. Listing agreement of companies with Stock Exchanges

3. Trading Mechanisms

4. Investor Protection

5. Corporate disclosure by listed companies etc.

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12y ago

The Following are some of the main functions of SEBI:

1. The business that happens in the Indian stock exchanges and other securities markets in India

2. Registering and monitoring of Intermediaries like Brokers who may participate in the securities market

3. Registering and monitoring the work of depository participants, custodians of securities, FII's etc

4. Prohibiting unfair trade practices and fraudulent practices in the markets

5. Promoting Investor education

6. Training of Intermediaries

7. Prohibiting Insider trading

8. Regulating substantial acquisitions and take overs of companies.

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14y ago

It's the Securities and Exchange Board of India. It oversees the functions of the Stock markets and mutual funds and other investment instruments in India.

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