BANKING AFFAIRS

Detailed explanation-1: -Solution. SEBI was set up with the objective of promoting the securities market, protecting the interest of the investors in the securities market, and to regulate the securities market. SEBI issues rules and regulations which are to be followed by the issuers of securities, the intermediaries, and the investors.

Detailed explanation-2: -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.

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: -The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.