What is SEBI?
The Securities and Exchange Board of India (SEBI) is the regulatory body responsible for overseeing the securities market in India. Established in 1988, SEBI is responsible for regulating the securities market, protecting the interests of investors, and promoting the development of a fair, transparent, and efficient securities market in India.
SEBI's powers and functions include:
Regulating the securities market: SEBI has the authority to regulate the securities market, including by issuing rules and regulations, setting standards for market participants, and enforcing compliance with these rules and standards.
Protecting the interests of investors: SEBI is responsible for protecting the interests of investors in the securities market, including by issuing investor protection guidelines and by taking action against market participants who engage in fraudulent or manipulative practices.
Promoting the development of a fair, transparent, and efficient securities market: SEBI is responsible for promoting the development of a fair, transparent, and efficient securities market, including by promoting the use of best practices and by encouraging the development of new products and services.
SEBI has the authority to take a wide range of regulatory actions, including issuing fines and sanctions, requiring market participants to take corrective action, and suspending or revoking the licenses of market participants. It is an independent body, and its decisions are not subject to government interference.
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