Q.Explain the developmental functions of SEBI.

Beyond protecting and regulating, SEBI also actively works to grow and modernise the securities market itself.

SEBI's developmental functions aim to expand and modernise the securities market:

1. Training of intermediaries associated with the securities market, to raise professional standards.
2. Conducting research and publishing useful information for investors and market participants.
3. Adopting a flexible approach to market development — for example, permitting internet-based trading, making underwriting of certain issues optional, and simplifying capital-raising procedures — so the market can innovate and grow rather than being held back by rigid rules. …

Assuming SEBI's role is purely restrictive (only banning bad practices) — its Act explicitly also cha …