SEBI [Security Exchange Board of India]-
SEBI was set up as an administrative arrangement in 1988.
In 1992, the SEBI Act was enacted, which gave statutory status to SEBI.
SEBI was established with a dual objective
- For protecting the right of small investors.
- For regulating and developing the stock market in India.
Function of SEBI
- Regulates capital market.
- Check trading securities
- Promote research and investigation
- Check the malpractices in securities market.
- Regulate the stockbrokers and sub-brokers.
Introduction of on-line trading and demit of shares, thus bringing more transparency into the trading system.
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