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The basic purpose of SEBI is to create an environment to facilitate efficient mobilization and allocation of resources through the securities markets. It also aims to stimulate competition and encourage innovation. This aims at meeting the needs of the three groups which basically constitute the markets. (a) Name the three groups which basically constitutes the markets. (b) What are the overall objectives of SEBI? (c) Give one regulatory function of SEBI. (d) With a view to making all intermediaries like brokers, merchant bankers etc competitive and professional; all intermediaries are to be regulated by a code of conduct. Identify the value which is being emphasized in regulating the code of conduct. |
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Answer» (a) (i) Issuer (ii) Investor (iii) Intermediaries (b) The overall objective of SEBI is to protect the interests of investors and to promote the development of and regulate the securities market. (c) Registration of broker and sub-brokers and other players in the market. (d) Respect for law |
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