5.
Explanation
The Securities and Exchange Board of India (SEBI) is the regulatory body responsible for overseeing and regulating the securities markets in India. Established in 1988, SEBI operates as an autonomous statutory organization with its headquarters in Mumbai. Its primary objective is to protect the interests of investors and promote the growth and development of the Indian securities market.
SEBI plays a crucial role in ensuring transparency and fairness in the capital markets. It formulates and enforces regulations for various market participants, including stock exchanges, brokers, mutual funds, and listed companies. SEBI’s functions include regulating stock exchanges, preventing fraudulent and unfair trade practices, and monitoring the activities of market intermediaries to safeguard the interests of investors.
SEBI has been instrumental in modernizing and reforming India’s financial markets, introducing innovative measures and technologies to enhance efficiency, transparency, and investor protection. Its continuous efforts to maintain the integrity and stability of the Indian securities market make it a key
player in the country’s financial sector, fostering investor confidence and contributing to the growth of the Indian economy.