Securities and Exchange Board of India (SEBI):
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SEBI is the statutory regulator for the securities market in India.
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It was established in 1988 and given statutory powers through the SEBI Act, 1992.
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HQ: Mumbai
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Purpose: Protect the interests of investors in securities, promote the development of securities market and to regulate the securities market.
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SEBI is responsive to needs of three groups, which constitute the market i.e.
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issuers of securities,
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investors and
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market intermediaries.
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It has three functions:
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quasi-legislative (drafts regulations in its legislative capacity),
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quasi-judicial (passes rulings and orders in its judicial capacity) and
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quasi-executive (conducts investigation and enforcement action in its executive function)
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