The Role Of SEBI In Augmenting The Indian Securities Market: A Regulatory Perspective
- IJLLR Journal
- May 3
- 1 min read
Arya Deshpande, Graduate, Dr. Ambedkar College, Nagpur and CS Student at the Institute of Company Secretaries of India (ICSI)
ABSTRACT
The Securities and Exchange Board of India (SEBI) has played a paramount role in regulating, reforming and transforming the Indian securities market since its establishment. Over the years the regulatory framework of SEBI has seen monumental evolutions, reflecting the dynamic needs of globalisation and digitalisation. This article examines SEBI’s multifaceted role as a market regulator, developer and reformer, emphasising its continuous efforts in fostering market integrity and sustainable growth. This article aims to communicate a broader perspective that, the SEBI, being the capital market regulator is more than just a watchdog. It is the catalyst and the pillar of integrity which holds the Indian securities market together, thriving for better governance, healthy market environment, and innovation and investor protection. This article begins with setting a historical background for the need of establishment of SEBI and then eventually paves the way for an expedition which briefs the reader about the prominent SEBI regulations. Highlighting the significance of case laws in legal profession, this article concludes by discussing and analysing the case of Picturehouse Media Ltd. Vs. Bombay Stock Exchange Ltd.
Keywords: SEBI, Regulatory Framework, Capital Market development, Securities Market.
