SEBI (Securities and Exchange Board of India) is the regulatory authority for the securities market in India. It was established on April 12, 1992, as an autonomous body under the SEBI Act, 1992, with the aim of protecting investors’ interests and promoting the development and regulation of the securities market.
Functions of SEBI:
- Regulates stock exchanges and securities markets.
- Protects the interests of investors.
- Registers and monitors intermediaries like brokers, mutual funds, and portfolio managers.
- Prevents fraudulent and unfair trade practices.
Motto: “To promote the development of and to regulate the securities market and to protect the interest of investors in securities.”
SEBI plays a crucial role in ensuring transparency, fairness, and efficiency in India’s financial markets.