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THE SECURITIES AND EXCHANGE BOARD OF INDIA
In this chapter, we study the Indian securities market before the SEBI Act, 1992, the objectives and functions of SEBI, its role in promoting corporate governance, its performance record, its role in the new era and finally SEBI’s shortcomings and suggestions for improvement. After reading this chapter, we will have a clear understanding of the functioning of the Indian capital market regulator.
One of the economic priorities of the government of independent India was to evolve a clear policy framework for the fast track industrialization of the country and to ensure that the scarce resources are properly channelled and directed. Private sector had a role to play, but only under the watchful eye ...
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