SEBI was conceptualized in
the year of 1988 whereas the actual working of the same started in the year
1992. It is formed under the Securities and Exchange Board of India Act, 1992. SEBI was started to replace the then
existing Controller of Capital Issues under the Capital Issues (Control Act)1947. The main purpose of setting up SEBI
is to "PROTECT THE INTERESTS OF RETAIL INVESTORS" participating of the security
markets. It is also responsible for developing the capital markets in line of
the economic growth. SEBI controls
the working of the mutual funds, stock exchanges, setting up of intermediaries
in the market and the investors, in general. Thus, the three fold role of SEBI is to make regulations for working,
develop the market in line of the regulations and observe the participants
adherence to the regulatory laws.
With regards to working of the stock exchange
SEBI ensures that the listing
companies follow the norms for listing and for shareholding patterns. Also, the
regular notifications in relation to company news are also provided to SEBI. For intermediaries, SEBI has developed code of conduct
ethics to be followed by them. SEBI
wants to ensure that the intermediaries are well aware of products that they
are selling. Hence, it has started various entrance exams to issue licentiates
for these intermediaries.
SEBI is
also undertaking various investor programs, setting up booklets to promote
financial literacy among common people;for the same, SEBI has also recently
launched a website ”http://investor.sebi.gov.in/”
To launch a complaint against any of the above or any other entity under the
perview of SEBI guidelines, an investor can do so at http://scores.gov.in/Complaint.aspx?flag=n.
Once, SEBI has forwarded the complaint to the concerned entity, they have to
respond to the same in 30 days.
Official website : www.sebi.gov.in
Thanks and Regards
Team
Email: saarthifp@gmail.com
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