ECONOMICS (CBSE/UGC NET)

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. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets.

Detailed explanation-2: -The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India.

Detailed explanation-3: -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-4: -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-5: -The exchange makes rules, regulations and bye-Laws with adequate provisions for investor protection, with the approval of the SEBI and thereafter strictly follows them. The exchange establishes a Clearing House within 6 months from the date of recognition.