Last Sunday I was coming out of society meeting Mr
Sumit Tiwari one of our society member was tensed
sitting in a garden ,I felt something went wrong with
him ,when I asked him about it he told me how he
invested his lifetime saving in a fraud company .
Its very common in India or I should say in whole world.
People usually get attracted towards high rate of interest
or handsome return.High rate of interest , 200% returns , money multiplies
every month all these formulae generally used as a bait
to attract innocent people .
To prevent people from forgery related to market
government has regulatory body ,SECURITY AND EXCHANGE BOARD OF INDIA is a regulator for security markets in India who act as watchdog of
market . It was established in 12 April 1992 for those who
are unaware about SEBI it is important to know that SEBI
is responsible for the needs of 3 groups
1 issues of security
2 the investors
3 the market investment
SEBI has 3 main function
1 quasi legislative
2 quasi judicial
3 quasi executive
Quasi legislative conducts and investigate and
enforcement action in its executive function and
its passes ruling and order in its judicial capacity ,
which makes it powerful and appeal process makes it
accountable SEBI act as a surveillance body who save investors from
various kinds of risks here are powers of SEBI
- to approve by−laws of stock exchanges.
-to require the stock exchange to amend their by−laws.
-inspect the books of accounts and call for periodical returns from recognized stock
exchanges.
-inspect the books of accounts of a financial intermediaries.
- compel certain companies to list their shares in one or more stock exchanges.
- levy fees and other charges on the intermediaries for performing its functions.
-grant license to any person for the purpose of dealing in certain areas.
-delegate powers exercisable by it.
-prosecute and judge directly the violation of certain provisions of the companies Act.
-power to impose monetary penalties.