What Does Securities And Exchange Board Of India – SEBI Mean?
SEBI is the regulatory body for the investment and securities market in India. The purpose of this board is to maintain stable and efficient markets by creating and enforcing regulations in the marketplace. 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. 2. Functions and Responsibilities? SEBI has to be responsive to the needs of three groups, which constitute the market: • the issuers of securities • the investors • the market intermediaries. SEBI has three functions rolled into one 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. SEBI has enjoyed success as a regulator by pushing systemic reforms aggressively and successively. SEBI has been active in se
