Ayushi Parashar

Tamil Nadu National Law School, Trichy

SECURITIES AND EXCHANGE BOARD OF INDIA AND THE

INDIAN CAPITAL MARKET
Securities and Exchange Board of India played a pivotal role in administering and regulating the
Indian capital market which faced a tremendous growth in the past few years since its inception
in 1992. SEBI is considered as the watchdog of the Financial market of India providing
investment opportunities to both national and international investors and potential investors.
SEBI promotes and protects the interests of the investors, intermediaries, and the companies in
order to endeavor the Indian Capital market by making it both efficient and fair. In general sense,
SEBI is all about shares and economics but the legal aspects under which SEBI operates in not
well known which includes Companies Act 2013, Companies Rule 2014, Securities Contract
Regulation Act 1956, SEBI Act 1992 etc. understanding of these is important to determine the
importance of SEBI in Indian Capital market and the condition of Indian capital market in the
absence of SEBI which is researchers objective.
The researcher will seek answers to the questions involving Can Indian capital market sustain
without SEBI? What if the government takes charge of Indian Capital Market? What role does
Company Law play? What assistance does SEBI get in administering Capital market from its
allies like financial institutions, banks and others?
The researcher would also like to compare the role played by SEBI for foreign and national
investors and the role played by watchdogs of other Capital market in developed and developing
countries.