SECURITIES EXCHANGE BOARD OF INDIA (SEBI)
SEBI was established in 1992 as per SEBI, Act 1992. Its main function is to stop fraudulent activities of stock exchanges. In April 1998 SEBI was constituted as the regulator of the capital market in India under the resolution of Government of India.
FUNCTIONS OF SEBI
- Regulatory the business in stock exchanges and any other securities market.
- Registering and regulating the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, merchant bankers, portfolio managers, investment advisers, etc.
- Prohibiting fraudulent and unfair trade practices relating to securities markets.
- The duty of the board to protect the interests of investors in securities and to regulate the securities market.
- Prohibiting insider trading
- Investor education and training of intermediaries
- Inspection and inquiries of intermediaries.
- Levying fees or other charges for carrying out the purposes.
- Regulating substantial acquisition of shares and take-overs.