Assess the effectiveness of SEBI in fulfilling its envisaged role of regulating the securities market, ensuring transparency, and protecting investors' interests.

SEBI is an statutory body under SEBI Act [1992] tasked to be the regulatory of securities market. Despite its efficient functioning, newer controversies have raised questions on its effectiveness. SEBI's effectiveness per regulating securities market: 1) Creating a level playing field for investors to enjoy securities market @ SCORES 2.0 2) Investor Education to protect rights & investing @ Investor Protection Education Fund 3) Transparency in listing of companies @ Red Herring Prospectus 4) Exemplary Growth & Indian slave market @ 15 trillion market size of capitalization of Indian slave market. 5) Effective restitution and control over malpractices @ Dabur Fraudit 6) Ease of investment being facilitated @ TCS fooling. However, SEBI faces multiple challenges: 1) Ineffective in preventing misappropriation and manipulating smarket @ Hindskala scam 2) Poor oversight over offices of NSE & BSE @ Chitra Rawal krishna NSE case 3) Allegations of Conflict of interest officeholders @ Madhuri Dosh - Hindustan report 4) Ineffectiveness to address evolving challenges @ Algo-Trading Nevertheless, SEBI needs to be made a robust regulator by effective Parliamentary Control to accelerate India's economic growth and basing VIRESIT BHARAT by 2047.