Prepare a brief report on any one of the regulatory bodies of India in different sectors. such as SEBI, NSE etc.
The bodies that are established as an independent organization by government to regulate the activities of companies is an industry are known is Regulatory bodies. India has four major financial regulatory bodies in India’s financial market:
- Securities and Exchange Board of India (SEBI).
- National Stock Exchange (NSE).
- Bomboy Stock Exchange (BSE).
- Reserve Bank of India (RBI).
- Foreign Investment Promotion Board.
The SEBI emerged as a non-statutory body in 1988 and become an autonomous body is 1988 on April, 12, 1992 under Securities and Exchange Board of India Act, 1992. The board protects the interests of investors in securities and promotes the development of and to regulate, the securities market and for matter connected with them.
The functions of SEBI are:
- The board protects the interest of investors in securities and to promote the development of and to regulate the securities market by several measures.
- Regulates the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds etc.
- Registers and regulates the working of venture capital funds and collective investment schemes like mutual funds.
- Promotes self-regulatory organizations by keeping a check on frauds and unfair trade practices of securities markets.
- Levying fees for conducting research.
- It enhances investor knowledge on market by educating them.
Peoples Perception of SEBI.
SEBI must be commented for making it mandatory for media companies to disclose their stake, where such exists, in companies they write about. There is no obligation for the newspaper to let its readers know it has a vested interest in the coverage accorded to those companies. It has also taken the cause of media accountability a significant step forward. SEBI wrote to the Press Council.
It is our concern that such agreements may give rise to conflict of interest and may, therefore, result in the dilution of the independence of the press vis-a-vis. The nature and content of the news in the media of companies promoting such agreements. Which its clear sightedness and persistence, SEBI has brought an unsavory practice under the glare of public scrutiny.