Will replace UK SInha
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992
SEBI has to be responsive to the needs of three groups, which constitute the market:
the issuers of securities
the market intermediaries.
For the discharge of its functions efficiently, SEBI has been vested with the following powers:
to approve by−laws of stock exchanges.
to require the stock exchange to amend their by−laws.
inspect the books of accounts and call for periodical returns from recognized stock exchanges.
inspect the books of accounts of financial intermediaries.
compel certain companies to list their shares in one or more stock exchanges.