About : The Securities and Exchange Board of India (SEBI) is the official statutory body that regulates India’s securities market.
Mandate & Establishment : SEBI’s core mission is to protect investors and to regulate and develop the securities market. Established in 1988, it gained its statutory authority through the SEBI Act, 1992.
Powers & Functions : SEBI holds significant quasi-judicial and regulatory powers, similar to a civil court, to investigate and enforce market integrity.
Key Functions: Registers and regulates all market intermediaries (like brokers and mutual funds), prohibits insider trading and fraud, and promotes investor education.
Enforcement: Can suspend trading, bar entities from the market, and impose penalties.
Governance & Appeals :
SEBI is managed by a Board appointed by the Union Government. Decisions made by SEBI can be appealed to the Securities Appellate Tribunal (SAT), and subsequently to the Supreme Court of India.
