Securities and Exchange Board of India (SEBI) is the regulator of the securities market in India. It was established in the year 1988 and since then it has been playing a crucial role in the development of the Indian securities market. SEBI operates under the jurisdiction of the Ministry of Finance, Government of India.
SEBI’s main objective is to protect the interests of the investors in securities and to promote the development of a fair and transparent securities market. It ensures this by regulating the activities of market intermediaries, such as brokers, merchant bankers, and portfolio managers. It also regulates the issuance and trading of securities and ensures compliance with the laws and regulations in the securities market.
One of the major functions of SEBI is to enforce compliance with the securities laws and regulations. It can issue show-cause notices, penalties, and even ban market intermediaries that violate the securities laws. SEBI also has the power to investigate any suspected violation of the securities laws and to take appropriate action.
SEBI also plays a crucial role in promoting the development of the securities market in India. It has taken several measures to promote the growth of the market, such as introducing new products, simplifying the processes for issuance of securities, and promoting the use of technology in the securities market. SEBI has also set up various committees to study various issues related to the securities market and to make recommendations for its improvement.
SEBI also provides various services to the investors in securities. It has set up a toll-free helpline for the investors to seek information and to register their complaints. SEBI also provides a platform for the investors to file their complaints online and to track the status of their complaints.
In conclusion, SEBI plays a crucial role in the development of the securities market in India and in protecting the interests of the investors in securities. Its efforts have resulted in the growth of the securities market and in increased investor confidence in the market. The securities market in India has come a long way since the establishment of SEBI and it is expected to continue its growth in the future.