Question

Describe SEBI.

Answer 1

SEBI (Securities and Exchange Board of India) is an apex institution for investment in India.

Following are the powers vested in SEBI:

• To regulate and approve by-laws of stock exchanges
  
• Inspect the books of accounts of recognized stock exchanges and call for periodical returns
  
• Inspect the books of financial Intermediaries.
  
• Compel certain companies to get listed on one or more stock exchanges
  
• To handle the registration of brokers