Investor Protection and Role of Sebi
Topic- Investor Protection and Role of SEBI
RESEARCH SCHOLAR- Anand Singhj Chauhan
AKS Management College, Lucknow
The decade of the 1980’s witnessed a phenomenal growth and development. For the first time the Indian securities market, demon started its potential not only to mobilize the savings of the house-hold sector but also to allocate it with some degree of efficiency for industrial development. By the end of the decade, the securities market emerged into the main stream of the financial system of the country, signifying one of the major economic processes of the decade of the 1990s.
There were notable changes in the capital structure of the companies across industries, new intermediaries and the institutions were established in the securities market and a new awareness and interest in investment opportunities in the securities market were created among investors. In spite of these developments and the quantitative expansion of the market, its quality lagged far behind and there was absence of adequate professionalism and fair competition among the various players in the market.
The government therefore, felt the need for setting up an apex body for the first time, exclusively for investor protection and for the promotion of orderly and healthy growth of the securities market and constituted the Securities and Exchange Board of India on April 12, 1988. After the promulgation of the Securities and Exchange Board of India Ordinance on January 30, 1992. SEBI was established as a statutory body on February 21, 1992.
SEBI Committees- 1. Technical Advisory Committee 2. Committee for review of structure of market infrastructure institutions 3. Members of the Advisory Committee for the SEBI Investor Protection and Education Fund 4. Takeover Regulations Advisory Committee 5. Primary Market Advisory Committee (PMAC) 6. Secondary Market Advisory Committee (SMAC) 7. Mutual Fund Advisory Committee 8. Corporate Bonds & Securitization Advisory
RESEARCH SCHOLAR- Anand Singhj Chauhan
AKS Management College, Lucknow
The decade of the 1980’s witnessed a phenomenal growth and development. For the first time the Indian securities market, demon started its potential not only to mobilize the savings of the house-hold sector but also to allocate it with some degree of efficiency for industrial development. By the end of the decade, the securities market emerged into the main stream of the financial system of the country, signifying one of the major economic processes of the decade of the 1990s.
There were notable changes in the capital structure of the companies across industries, new intermediaries and the institutions were established in the securities market and a new awareness and interest in investment opportunities in the securities market were created among investors. In spite of these developments and the quantitative expansion of the market, its quality lagged far behind and there was absence of adequate professionalism and fair competition among the various players in the market.
The government therefore, felt the need for setting up an apex body for the first time, exclusively for investor protection and for the promotion of orderly and healthy growth of the securities market and constituted the Securities and Exchange Board of India on April 12, 1988. After the promulgation of the Securities and Exchange Board of India Ordinance on January 30, 1992. SEBI was established as a statutory body on February 21, 1992.
SEBI Committees- 1. Technical Advisory Committee 2. Committee for review of structure of market infrastructure institutions 3. Members of the Advisory Committee for the SEBI Investor Protection and Education Fund 4. Takeover Regulations Advisory Committee 5. Primary Market Advisory Committee (PMAC) 6. Secondary Market Advisory Committee (SMAC) 7. Mutual Fund Advisory Committee 8. Corporate Bonds & Securitization Advisory
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