Explain the powers SEBI has been vested with for discharging of its functions efficiently.
Answers
SEBI has been vested with the following rights:
1. Formulation and approval of sub-rules of stock exchange.
2. Inquiries of stock exchanges to improve their business.
3. Inspect the books of accounts and repay the periodic repayment from recognized stock exchanges.
4. Check books of financial intermediaries accounts.
5. Force some companies to be listed on one or more stock exchanges of their shares.
6. Fees for levy fees and other charges for arbitrators.
SEBI has been assigned with the following powers:
1.) Preparation and approval by-laws related to stock exchanges.
2.) Amendment of stock exchange related to amending their by-laws.
3). Inspection of the books of accounts and call for periodical returns stock exchanges.
4.) Inspection of financial intermediaries.
5). Enlist their shares in one or more stock exchanges.
6.) Levy fees and other charges
7.) Grant license
9.) Prosecute and judge directly the violation if any
10.) Power of imposing monetary penalties.