Exercises · Q8
Q.Why was a regulator like SEBI needed for the Indian securities market?
Tamil Nadu DgeTextbookSubjectiveImportance★★★★★
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Start your 14-day free trial to unlock the full solution →By the 1980s, the number of investors and listed companies in India's securities market was growing rapidly, but so were unfair practices — price rigging, insider trading, and delayed allotment/transfer of shares — that harmed ordinary investors and undermined confidence in the market. At the time, no single body had both the mandate and the legal power to regulate the entire market, protect investors, and oversee intermediaries such as brokers and merchant bankers. …
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