Securities and Exchange Board of India (SEBI) is a statutory body formed in 1992. It is a quasi-legislative and quasi of political body by passi andes, quasi, passing penalties etc. to ensure that the interests of investors are protected and also ensures the development and regulation of financial markets.

Functions performed by SEBI: It performs functions for 2 benf are - (1) ISSUERS - help to raise fixable (stockes brokers) invest trust money and protect their interests (2) Intermediaries => promote a competitive healthy shares market & healthy shares market Impact financial coercion to investors. It pretects the interests of the investors by strict regulation over share market and throws various innovations - SCORES platform - grievance federal Regulation over illegal activities like insider trading, fraudulent practices. Securities Appellate Tribunal => any aggrieved party from SEBI is chosen can appeal in SAT.