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Question
Justify the following statement.
SEBI has to perform many functions to regularise the market.
Solution
The various functions of SEBI are:
- To protect the interest of investors in the securities market.
- To promote the development of securities markets.
- To regulate the business in stock exchanges and any other securities market.
- To register and regulate the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchants bankers, underwriters, and such other intermediaries who may be associated with the securities market.
- To register and regulate the working of the Depositories, Depository Participants, Custodians of securities, foreign institutional investors, and credit rating agencies.
- To register and regulate the working of venture capital funds and collective investment schemes including mutual funds.
- To promote and regulate self-regulatory organizations.
- To prohibit fraudulent and unfair trade practices relating to securities markets.
- To promote investor's education and training of intermediaries of the securities market.
- To prohibit insider trading in securities.
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