Question

What is the power of SEBI?

Answer 1

SEBI has given wide posers. Some of which are as follow –

1. SEBI can ask the stock exchange to maintain the prescribed documents and records.
2. SEBI may ask stock exchange or any member to furnish information and explanation concerning its affairs.
3. SEBI can approve and amend bye-laws of the stock exchange.
4. It may call periodical returns from a stock exchange.
5. SEBI can license dealers in securities in some areas.
6.  It can ask a public company to list its shares.