Youtor
SEBI Definition and Role
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Define SEBI and discuss its role. • SEBI: SEBI is acronym for Securities and Exchange Board of India. It is the regulator of the securities market in India. It was established on 12th April, 1992 through the SEBI Act, 1992. This act was passed by the Indian Parliament. • Roles of SEBI: • It supervises and regulates the securities market to eliminate any malpractices and to promote the securities market in India. • quasi-legislative: It can draft regulations in its legislative capacity. • quasi-judicial: It passes rulings and orders in its judicial capacity. • -quasi-executive: It conducts investigation and enforcement action in its executive function. • Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse...
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