Who regulates and controls the securities market in India?

Question

Question

This question was previously asked in

ITBP Constable Tradesmen (Re-Exam) 19 March 2021 Official Paper

Answer 1

The correct answer is Securities and Exchange Board of India.

Key Points

Securities and Exchange Board of India (SEBI):

SEBI is a statutory body established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
The basic functions of the Securities and Exchange Board of India are to protect the interests of investors in securities and to promote and regulate the securities market. Hence, option 4 is correct.
The headquarters of SEBI is situated in Mumbai.
The regional offices of SEBI are located in Ahmedabad, Kolkata, Chennai and Delhi.
SEBI Board consists of a Chairman and several other whole time and part-time members.
SEBI also appoints various committees, whenever required to look into the pressing issues of that time.
SEBI is a quasi-legislative and quasi-judicial body which can draft regulations, conduct inquiries, pass rulings and impose penalties.
It functions to fulfil the requirements of three categories-
- Issuers- By providing a marketplace in which the issuers can increase their finance.
- Investors- By ensuring the safety and supply of precise and accurate information.
- Intermediaries- By enabling a competitive professional market for intermediaries.