Securities and Exchange Board of India (SEBI) is the regulatory body of the security and commodity market which is owned by the Government of India. SEBI has powers respect to same which are mentioned below:
- Regulating the business in the stock exchange and any other securities market.
- Registering and regulating the working of stockbroker, sub-broker, share transfer agent, bankers to an issue, trustees of Trust deeds register, register to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and such other intermediaries who may be associated with securities market in any manner.
- Registering and regulating the work of the depositories, participants, custodians of securities, foreign institutional investors, credit rating agencies, and such other intermediaries as the SEBI may, by notification, specify on this behalf.
- Registering and regulating the working of venture capital funds and collective investment schemes, including mutual funds.
- Promoting and regulating self-regulatory organizations.
- Prohibiting fraudulent and unfair trade practices relating to securities markets.
- Prohibiting insider trading in securities.
- Regulating substantial acquisition of shares and takeover of Companies.
- Calling for information from, undertaking inspection, conducting inquiries, and audit of the stock exchanges, mutual funds, other persons associated with the securities market, intermediaries and self-regulatory organizations in the securities market.
- Calling for information and record from any person including any bank or any other authority or corporation established or constituted by or under any Central or state at which, in the option of SEBI, shall be relevant to any investigation or inquiry by SEBI in respect of any transaction in securities.
- Calling for information from, or furnishing information to, other authorities, whether in India or outside India, having a function similar to those of SEBI, in the manner related to the prevention for detection of violations in respect of securities laws, subject to the provisions of other laws for the time being in force in this regard.
- Provided that the SEBI, to furnish any information to any authority outside India, may enter into an agreement or agreement or understanding with such a 30 with the prior approval of the central government.
- Performing such functions and exercising such powers under the provisions of the Securities Contract Act, may be dedicated to it by the central government.
- Levying fees or other charges.
- Researching for the above purposes.
- Calling for permission to any such agencies, as may be specified by the SEBI, search information may be considered necessary by it for the efficient discharge of its functions.
- Performing such other functions as may be prescribed, i.e. In addition to the above measures, SEBI may take such other measures as if you think fit, protecting the interest of investors and to promote the development of, and to regulate the security markets.
