Business Ethics and Corporate Governance, Second Edition

FUNCTIONS OF THE BOARD

To realize the above core objectives and to carry out its tasks, the Act spells out the functions of SEBI in greater details, as under:⁴

1. Regulating the business in stock exchanges and any other securities markets.
2. Registering and regulating the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, invesment advisers and such other intermediaries who may be associated with securities markets in any manner.
3. Registering and regulating the working of the depositories, participants, custodians of securities, foreign institutional investors, credit rating agencies and such other intermediaries as ...