BANKING AFFAIRS

Detailed explanation-1: -Establishment Of SEBI The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.

Detailed explanation-2: -Definition Of SEBI And Its Importance It was initially formed as a non-statutory body on 12 April 1988, with no authority over anything, but later in 1992, it was accepted as an independent agency with statutory powers.

Detailed explanation-3: -The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.