Is SEBI a statutory body or regulatory body?

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Is SEBI a statutory body or regulatory body?

SEBI was given statutory status and powers through an Ordinance promulgated on January 30, 1992. SEBI was established as a statutory body on February 21, 1992. The Ordinance was replaced by an Act of Parliament on April 4, 1992.

Are regulatory bodies statutory?

Regulatory agencies are generally a part of the executive branch of the government, or they have statutory authority to execute their functions with oversight from the legislative branch. Their actions are generally open to legal review.

Is a regulatory function of SEBI?

Securities and Exchange Board of India (SEBI) is a statutory regulatory body entrusted with the responsibility to regulate the Indian capital markets. It monitors and regulates the securities market and protects the interests of the investors by enforcing certain rules and regulations.

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What are statutory powers of SEBI?

To regulate the tasks entrusted on depositors, credit rating agencies, custodians of securities, foreign portfolio investors and other participants. To educate investors about securities markets and their intermediaries. To prohibit fraudulent and unfair trade practices within the securities market and related to it.

What is the regulatory jurisdiction of SEBI?

SEBI has replaced the Controller of Capital Issues, an authority under Capital Issues (Control) Act, 1947. Its regulatory jurisdiction extends over corporates in the issuance of capital and transfer of securities, in addition to all intermediaries and persons associated with securities market.

Is SEBI statutory body Upsc?

Securities and Exchange Board of India (SEBI) was first established as a non-statutory body in 1988 for the regulation of the securities market. It acquired the statutory powers on 30th January 1992 in accordance with the SEBI Act 1992.

What is the difference between regulatory and statutory bodies?

The difference between statutory and regulatory requirements is a subtle one. In general, a statutory requirement is an established rule by law, like copyright, trademark protections, Sarbanes-Oxley Act (SOX). A regulatory requirement is established by government agencies.

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What are statutory bodies give examples of statutory bodies?

Example of a statutory body is SEBI i.e. Securities and Exchange Board of India. SEBI is a very important regulatory body for the security market in India. Another example is the National Commission for OBCs. A statutory body does not include the corporations owned by shareholders.

What are the regulatory functions?

Regulation involves enforcement by public sector agencies of controls and restrictions on certain activities.

Which statutory body has power in stock market?

The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance , Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

Which type of body is SEBI?

Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament.

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Which of the following is a function of SEBI?

The various functions of SEBI are: To protect the interests of investors in securities market. To promote the development of securities market. To regulate the business in stock exchanges and any other securities markets.