BANKING AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -Answer: The primary function of the SEBI as a regulator in the Indian financial sector is to ensure that the Indian stock markets operate in a safe and orderly way. India’s Securities and Exchange Board was established to defend the investors’ interests and brokers in the Indian stock market.

Detailed explanation-3: -SEBI regulates how the security markets and stock exchanges function. SEBI regulates how transfer agents, stock brokers and merchant bankers, etc, function. SEBI handles the registration activity of new brokers, financial advisors, etc. SEBI encourages the formation of Self-regulatory Organizations.

Detailed explanation-4: -Regulation of stockbrokers, portfolio exchanges, underwriters and merchant bankers in stock exchanges and other securities market.

Detailed explanation-5: -Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.