Role and working of SEBI.

ROLE OF SEBI:


The securities and exchange board of india(SEBI) Act 1992 was passed by central government for established a board to protect the intrest of investors in securities and the promote the development of and to regulate the securities market and for matters connected therewith or incedential thereof.


WORKING OF SEBI:


SEBI has been carrying on its duties successfully. It has issued and clarified guidance on discloused and investor protection. It has been also issued guidline for merchant bankers, advertising code for mutual funds.



SECURITIES


The capital required by the company is divided into small units of fixed amount. These units are called “shares”.


SECURITIES:


A securitie means a certificate or document indicating either ownership intrest (shares) or creditorship intrest (debenture).Securities may include:

1.company securities-shares,stocks,bonds,debentures.

2.government securities.