SEBI stands for the Securities and Exchange Board of India. It is the regulatory body for the securities market in India, established in 1988 by the Government of India. Some important facts about SEBI are:
1. SEBI is responsible for regulating the securities market in India to protect the interests of investors and facilitate the growth of the market.
2. SEBI regulates stock exchanges, brokers, merchant bankers, and other intermediaries in the securities market.
3. SEBI formulates regulations and guidelines for the securities market and ensures compliance by market participants.
4. SEBI also investigates and takes enforcement actions against market manipulators, insider trading, and other violations of securities laws.
5. SEBI plays a crucial role in promoting transparency, integrity, and efficiency in the securities market through its regulatory initiatives.
6. SEBI has introduced several reforms in the securities market, such as dematerialization of securities, electronic trading, and investor protection measures.
7. SEBI has also played a key role in developing the corporate bond market, mutual funds industry, and other segments of the securities market in India.
Overall, SEBI plays a crucial role in ensuring the stability and growth of the securities market in India, protecting the interests of investors, and promoting the development of a vibrant and efficient market.