BANKING AFFAIRS

Detailed explanation-1: -Answer: The primary responsibility of the SEBI is to oversee the regulation of the Indian capital markets. It is responsible for monitoring and regulating the stock market and protecting the interests of investors by implementing a set of rules and regulations.

Detailed explanation-2: -Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

Detailed explanation-3: -The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets.

Detailed explanation-4: -Establishment Of SEBI The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992.