What is the power of SEBI 1992?
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Powers of SEBI
SEBI has powers relating to stock exchanges and intermediaries i.e. It can ask about information regarding business transactions for inspection or scrutiny and other purposes. SEBI has the power to impose monetary penalties on capital market intermediaries.
The Securities and Exchange Board of India (SEBI) was established in 1992 by the SEBI Act, which provides it with the authority to regulate the securities market in India. The powers of SEBI, as per the SEBI Act of 1992, include the following:
1.Regulation of Stock Exchanges: SEBI has the authority to regulate the functioning of stock exchanges and securities markets to ensure their orderly operation.
2.Investor Protection: SEBI works to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market.
3.Registration of Intermediaries: SEBI has the power to register and regulate various market intermediaries such as brokers, sub-brokers, and merchant bankers.4
.Conduct of Investigations: SEBI has the authority to conduct investigations and inspections of market participants to ensure compliance with securities laws.
5.Regulation of Insider Trading: SEBI has powers to prohibit insider trading and to penalize violations of securities laws related to insider trading
.6.Regulation of Public Offers: SEBI regulates the process of initial public offerings (IPOs) and follows guidelines for issuing shares to protect investors.
7.Imposing Penalties: SEBI has the power to impose penalties and fines for violations of the securities laws.
8.Issuing Directions and Guidelines: SEBI can issue directions and guidelines to regulate the functioning of the securities market.
9.Promoting Education: SEBI is also tasked with promoting investor education and awareness about securities markets.
10.Corporate Governance: SEBI regulates corporate governance norms for listed companies to ensure transparency and accountability.
These powers enable SEBI to maintain the integrity of the securities market, protect investors, and develop the securities market in India effectively.