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 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-3: -4. What is SEBI and what is its role? 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.

Detailed explanation-4: -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-5: -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.