Commerce · Class 12 Commerce

Ch 8Stock Exchange and SEBI — Class 12 Commerce, concept-first.

A stock exchange is an organised, regulated marketplace where securities such as equity shares, debentures, bonds and government securities are bought and sold under a well-defined set of trading rules.

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Stock Exchange

A stock exchange is an organised, SEBI-regulated market where registered members buy and sell listed securities on behalf of investors.

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Meaning and Features of a Stock Exchange

Functions of a Stock Exchange

A stock exchange performs several economic functions that go well beyond simply being a place where shares change hands.

Trading Mechanism – Dematerialisation and Online Trading

Until the 1990s, shares in India were held and transferred as paper certificates. This physical system suffered from serious problems: certificates could be lost, stolen or forged, transfers took week…

SEBI – Origin, Establishment and Objectives

Before SEBI, new share issues in India were regulated by the Controller of Capital Issues (CCI) under the Capital Issues (Control) Act, 1947 — a system that controlled the price and timing of issues b…

Functions of SEBI

SEBI's functions under the SEBI Act, 1992 are usually classified into three broad categories.

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