Functions of SEBI

Main function of SEBI is to protect the interest of investors in securities and to promote the development and to regulate the securities market by such measures as it thinks fit.

Following are the powers granted to SEBI for fulfilling the above objective:-

· Regulating the business in stock exchanges and any other securities markets

· Registering and regulating the working of stock brokers, sub brokers, share transfer agents, registrars to an issue, merchant bankers and other intermediaries who may be associated with securities market in any manner.

· Registering and regulating the working of collective investment schemes, including Mutual funds.

· Promoting and regulating self regulatory organizations

· Prohibiting Fraudulent and unfair trade practices

· Promoting investors education and teaching of intermediaries

· Regulating substantial acquisition of shares and take over of companies.

· Levying fees or other charges for carrying out the purposes

· Conducting research

Additional Functions of SEBI:_

The following powers of the Central Government under the act have been granted to sebi:-

· Power to approve the bye-laws of stock exchange

· Power to make or amend bye-laws of recognized stock exchanges

· Power to inspect books of accounts and call periodical returns from recognized stock exchange

· Power to grant a license to any person for the business dealing in securities

· Power to compel listing of securities on any recognized stock exchange

· Power to delegate powers exercisable by it.