Understanding SEBI and Its Primary Role

The Securities Exchange Board of India ( SEBI ) is a regulatory body in India. Its primary role is to safeguard the interests of investors in securities, regulate the securities market and the operation of stock exchanges and stockbrokers. Additionally, it monitors and uncovers unfair trade practices to prevent fraudulent activities.

The Establishment of SEBI

SEBI was established in 1992 under the SEBI Act of the same year. Its headquarters are located in Mumbai, with regional offices in various cities, including:

1. New Delhi
2. Ahmedabad
3. Kolkata
4. Chennai

Key Accomplishments of SEBI

Some significant accomplishments of SEBI include:

1. Transitioning markets to an electronic and paperless format.
2. Eliminating physical certificates, which were prone to theft, forgery, and postal delays.
3. Taking effective measures during the Satyam scandal and the global economic crisis.

The above information will be helpful for candidates preparing for UPSC 2021 .