The Securities and Exchange Board of India (SEBI) was initially established in 1988 as a non-statutory body. However, it was given statutory recognition and powers through the SEBI Act, passed by the Parliament in 1992. As a statutory body, SEBI derives its powers directly from an Act of Parliament, giving it legal authority to regulate the securities market in India, protect the interests of investors, and promote the development of the market.
SEBI as an
Asked in APSC CCE Prelims Exam 2013 · Topic: The Governance System (Statutory, Regulatory, and Quasi-Judicial Bodies)
More Indian Polity and Governance questions
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- The Directorate of Enforcement (ED) functions under