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Explain the powers of SEBI. |
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Answer» The various powers of a SEBI are explained below: 1. Powers Relating to Stock Exchanges and Intermediaries: SEBI has wide powers to get the information from the stock exchange and intermediaries regarding their business transactions for inspection. 2. Power to Impose Monetary Penalties: SEBI has power to impose monetary penalties on capital market intermediaries for violations. 3. Power to Initiate Actions in Functions Assigned 4. Power to Regulate Insider Trading: SEBI has power to regulate insider trading or can regulate the functions of merchant banker. 5. Powers Under Securities Contracts Act: For the regulation of stock exchange, the Ministry of Finance issued a notification, for delegating several of its powers under the securities contract Act. |
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