Functional report of sebi full project
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ᴀɪᴍꜱ ᴀɴᴅ ᴏʙᴊᴇᴄᴛɪᴠᴇꜱ :
ᴛᴏ ᴜɴᴅᴇʀꜱᴛᴀɴᴅ ʜᴏᴡ ꜱᴇʙɪ ᴡᴏʀᴋꜱ.
ᴛʜᴇ ᴏᴠᴇʀᴀʟʟ ᴏʙᴊᴇᴄᴛɪᴠᴇꜱ ᴏꜰ ꜱᴇʙɪ ᴀʀᴇ ᴛᴏ ᴘʀᴏᴛᴇᴄᴛ ᴛʜᴇ ɪɴᴛᴇʀᴇꜱᴛ ᴏꜰ ɪɴᴠᴇꜱᴛᴏʀꜱ ᴀɴᴅ ᴛᴏ ᴘʀᴏᴍᴏᴛᴇ ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏꜰ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ ᴀɴᴅ ᴛᴏ ʀᴇɢᴜʟᴀᴛᴇ ᴛʜᴇ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ ᴏꜰ ᴛʜᴇ ꜱᴛᴏᴄᴋ ᴍᴀʀᴋᴇᴛ. ᴛʜᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇꜱ ᴏꜰ ꜱᴇʙɪ ᴀʀᴇ:
ᴛᴏ ʀᴇɢᴜʟᴀᴛᴇ ᴛʜᴇ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ ᴏꜰ ᴀ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ.ᴛᴏ ᴘʀᴏᴛᴇᴄᴛ ᴛʜᴇ ʀɪɢʜᴛꜱ ᴏꜰ ɪɴᴠᴇꜱᴛᴏʀꜱ ᴀɴᴅ ᴇɴꜱᴜʀɪɴɢ ꜱᴀꜰᴇᴛʏ ᴛᴏ ᴛʜᴇɪʀ ɪɴᴠᴇꜱᴛᴍᴇɴᴛ.ᴛᴏ ᴘʀᴇᴠᴇɴᴛ ꜰʀᴀᴜᴅᴜʟᴇɴᴛ ᴀɴᴅ ᴍᴀʟᴘʀᴀᴄᴛɪᴄᴇꜱ ʙʏ ʜᴀᴠɪɴɢ ᴛʜᴇ ʙᴀʟᴀɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ ꜱᴇʟꜰ-ʀᴇɢᴜʟᴀᴛɪᴏɴ ᴏꜰ ʙᴜꜱɪɴᴇꜱꜱ ᴀɴᴅ ɪᴛꜱ ꜱᴛᴀᴛᴜᴛᴏʀʏ ʀᴇɢᴜʟᴀᴛɪᴏɴꜱ.ᴇᴛᴄ.
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ᴅᴇᴛᴀɪʟ ʀᴇᴘᴏʀᴛ ᴏꜰ ᴘʀᴏᴊᴇᴄᴛ :
ɪɴɪᴛɪᴀʟʟʏ, ꜱᴇʙɪ ᴡᴀꜱ ᴀ ɴᴏɴꜱᴛᴀᴛᴜᴛᴏʀʏ ʙᴏᴅʏ ᴡɪᴛʜᴏᴜᴛ ᴀɴʏ ꜱᴛᴀᴛᴜᴛᴏʀʏ ᴘᴏᴡᴇʀ. ʜᴏᴡᴇᴠᴇʀ, ɪɴ 1995, ᴛʜᴇ ꜱᴇʙɪ ᴡᴀꜱ ɢɪᴠᴇɴ ᴀᴅᴅɪᴛɪᴏɴᴀʟ ꜱᴛᴀᴛᴜᴛᴏʀʏ ᴘᴏᴡᴇʀ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏꜰ ɪɴᴅɪᴀ ᴛʜʀᴏᴜɢʜ ᴀɴ ᴀᴍᴇɴᴅᴍᴇɴᴛ ᴛᴏ ᴛʜᴇ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ᴀɴᴅ ᴇxᴄʜᴀɴɢᴇ ʙᴏᴀʀᴅ ᴏꜰ ɪɴᴅɪᴀ ᴀᴄᴛ, 1992. ɪɴ ᴀᴘʀɪʟ 1988 ᴛʜᴇ ꜱᴇʙɪ ᴡᴀꜱ ᴄᴏɴꜱᴛɪᴛᴜᴛᴇᴅ ᴀꜱ ᴛʜᴇ ʀᴇɢᴜʟᴀᴛᴏʀ ᴏꜰ ᴄᴀᴘɪᴛᴀʟ ᴍᴀʀᴋᴇᴛꜱ ɪɴ ɪɴᴅɪᴀ ᴜɴᴅᴇʀ ᴀ ʀᴇꜱᴏʟᴜᴛɪᴏɴ ᴏꜰ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏꜰ ɪɴᴅɪᴀ.
ᴛʜᴇ ᴄʜᴀɪʀᴍᴀɴ ᴡʜᴏ ɪꜱ ɴᴏᴍɪɴᴀᴛᴇᴅ ʙʏ ᴜɴɪᴏɴ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏꜰ ɪɴᴅɪᴀ.ᴛᴡᴏ ᴍᴇᴍʙᴇʀꜱ, ɪ.ᴇ., ᴏꜰꜰɪᴄᴇʀꜱ ꜰʀᴏᴍ ᴜɴɪᴏɴ ꜰɪɴᴀɴᴄᴇ ᴍɪɴɪꜱᴛʀʏ.ᴏɴᴇ ᴍᴇᴍʙᴇʀ ᴏꜰ ᴛʜᴇ ʀᴇꜱᴇʀᴠᴇ ʙᴀɴᴋ ᴏꜰ ɪɴᴅɪᴀ.ᴛʜᴇ ʀᴇᴍᴀɪɴɪɴɢ ꜰɪᴠᴇ ᴍᴇᴍʙᴇʀꜱ ᴀʀᴇ ɴᴏᴍɪɴᴀᴛᴇᴅ ʙʏ ᴜɴɪᴏɴ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏꜰ ɪɴᴅɪᴀ, ᴏᴜᴛ ᴏꜰ ᴛʜᴇᴍ ᴀᴛ ʟᴇᴀꜱᴛ ᴛʜʀᴇᴇ ꜱʜᴀʟʟ ʙᴇ ᴡʜᴏʟᴇ-ᴛɪᴍᴇ ᴍᴇᴍʙᴇʀꜱ.
ᴛʜᴇ ꜱᴇʙɪ ᴘᴇʀꜰᴏʀᴍꜱ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴛᴏ ᴍᴇᴇᴛ ɪᴛꜱ ᴏʙᴊᴇᴄᴛɪᴠᴇꜱ. ᴛᴏ ᴍᴇᴇᴛ ᴛʜʀᴇᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇꜱ ꜱᴇʙɪ ʜᴀꜱ ᴛʜʀᴇᴇ ɪᴍᴘᴏʀᴛᴀɴᴛ ꜰᴜɴᴄᴛɪᴏɴꜱ. ᴛʜᴇꜱᴇ ᴀʀᴇ:
ᴘʀᴏᴛᴇᴄᴛɪᴠᴇ ꜰᴜɴᴄᴛɪᴏɴꜱᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛᴀʟ ꜰᴜɴᴄᴛɪᴏɴꜱʀᴇɢᴜʟᴀᴛᴏʀʏ ꜰᴜɴᴄᴛɪᴏɴꜱ.
ᴘʀᴏᴛᴇᴄᴛɪᴠᴇ ꜰᴜɴᴄᴛɪᴏɴꜱ:
ᴛʜᴇꜱᴇ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴀʀᴇ ᴘᴇʀꜰᴏʀᴍᴇᴅ ʙʏ ꜱᴇʙɪ ᴛᴏ ᴘʀᴏᴛᴇᴄᴛ ᴛʜᴇ ɪɴᴛᴇʀᴇꜱᴛ ᴏꜰ ɪɴᴠᴇꜱᴛᴏʀ ᴀɴᴅ ᴘʀᴏᴠɪᴅᴇ ꜱᴀꜰᴇᴛʏ ᴏꜰ ᴛʜᴇ ɪɴᴠᴇꜱᴛᴍᴇɴᴛ.
ᴀꜱ ᴘʀᴏᴛᴇᴄᴛɪᴠᴇ ꜰᴜɴᴄᴛɪᴏɴꜱ ꜱᴇʙɪ ᴘᴇʀꜰᴏʀᴍꜱ ꜰᴏʟʟᴏᴡɪɴɢ ꜰᴜɴᴄᴛɪᴏɴꜱ:
(ɪ) ɪᴛ ᴄʜᴇᴄᴋꜱ ᴘʀɪᴄᴇ ʀɪɢɢɪɴɢ:
ᴘʀɪᴄᴇ ʀɪɢɢɪɴɢ ʀᴇꜰᴇʀꜱ ᴛᴏ ᴍᴀɴɪᴘᴜʟᴀᴛɪɴɢ ᴛʜᴇ ᴘʀɪᴄᴇꜱ ᴏꜰ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ᴡɪᴛʜ ᴛʜᴇ ᴍᴀɪɴ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴏꜰ ɪɴꜰʟᴀᴛɪɴɢ ᴏʀ ᴅᴇᴘʀᴇꜱꜱɪɴɢ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴘʀɪᴄᴇ ᴏꜰ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ. ꜱᴇʙɪ ᴘʀᴏʜɪʙɪᴛꜱ ꜱᴜᴄʜ ᴘʀᴀᴄᴛɪᴄᴇ ʙᴇᴄᴀᴜꜱᴇ ᴛʜɪꜱ ᴄᴀɴ ᴅᴇꜰʀᴀᴜᴅ ᴀɴᴅ ᴄʜᴇᴀᴛ ᴛʜᴇ ɪɴᴠᴇꜱᴛᴏʀꜱ.
(ɪɪ) ɪᴛ ᴘʀᴏʜɪʙɪᴛꜱ ɪɴꜱɪᴅᴇʀ ᴛʀᴀᴅɪɴɢ:
ɪɴꜱɪᴅᴇʀ ɪꜱ ᴀɴʏ ᴘᴇʀꜱᴏɴ ᴄᴏɴɴᴇᴄᴛᴇᴅ ᴡɪᴛʜ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ꜱᴜᴄʜ ᴀꜱ ᴅɪʀᴇᴄᴛᴏʀꜱ, ᴘʀᴏᴍᴏᴛᴇʀꜱ ᴇᴛᴄ. ᴛʜᴇꜱᴇ ɪɴꜱɪᴅᴇʀꜱ ʜᴀᴠᴇ ꜱᴇɴꜱɪᴛɪᴠᴇ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴡʜɪᴄʜ ᴀꜰꜰᴇᴄᴛꜱ ᴛʜᴇ ᴘʀɪᴄᴇꜱ ᴏꜰ ᴛʜᴇ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ. ᴛʜɪꜱ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ɪꜱ ɴᴏᴛ ᴀᴠᴀɪʟᴀʙʟᴇ ᴛᴏ ᴘᴇᴏᴘʟᴇ ᴀᴛ ʟᴀʀɢᴇ ʙᴜᴛ ᴛʜᴇ ɪɴꜱɪᴅᴇʀꜱ ɢᴇᴛ ᴛʜɪꜱ ᴘʀɪᴠɪʟᴇɢᴇᴅ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ʙʏ ᴡᴏʀᴋɪɴɢ ɪɴꜱɪᴅᴇ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴀɴᴅ ɪꜰ ᴛʜᴇʏ ᴜꜱᴇ ᴛʜɪꜱ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴛᴏ ᴍᴀᴋᴇ ᴀ ᴘʀᴏꜰɪᴛ, ᴛʜᴇɴ ɪᴛ ɪꜱ ᴋɴᴏᴡɴ ᴀꜱ ɪɴꜱɪᴅᴇʀ ᴛʀᴀᴅɪɴɢ, ᴇ.ɢ., ᴛʜᴇ ᴅɪʀᴇᴄᴛᴏʀꜱ ᴏꜰ ᴀ ᴄᴏᴍᴘᴀɴʏ ᴍᴀʏ ᴋɴᴏᴡ ᴛʜᴀᴛ ᴄᴏᴍᴘᴀɴʏ ᴡɪʟʟ ɪꜱꜱᴜᴇ ʙᴏɴᴜꜱ ꜱʜᴀʀᴇꜱ ᴛᴏ ɪᴛꜱ ꜱʜᴀʀᴇʜᴏʟᴅᴇʀꜱ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ ᴛʜᴇ ʏᴇᴀʀ ᴀɴᴅ ᴛʜᴇʏ ᴘᴜʀᴄʜᴀꜱᴇ ꜱʜᴀʀᴇꜱ ꜰʀᴏᴍ ᴍᴀʀᴋᴇᴛ ᴛᴏ ᴍᴀᴋᴇ ᴀ ᴘʀᴏꜰɪᴛ ᴡɪᴛʜ ʙᴏɴᴜꜱ ɪꜱꜱᴜᴇ. ᴛʜɪꜱ ɪꜱ ᴋɴᴏᴡɴ ᴀꜱ ɪɴꜱɪᴅᴇʀ ᴛʀᴀᴅɪɴɢ. ꜱᴇʙɪ ᴋᴇᴇᴘꜱ ᴀ ꜱᴛʀɪᴄᴛ ᴄʜᴇᴄᴋ ᴡʜᴇɴ ɪɴꜱɪᴅᴇʀꜱ ᴀʀᴇ ʙᴜʏɪɴɢ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ᴏꜰ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴀɴᴅ ᴛᴀᴋᴇꜱ ꜱᴛʀɪᴄᴛ ᴀᴄᴛɪᴏɴ ᴏɴ ɪɴꜱɪᴅᴇʀ ᴛʀᴀᴅɪɴɢ.
(ɪɪɪ) ꜱᴇʙɪ ᴘʀᴏʜɪʙɪᴛꜱ ꜰʀᴀᴜᴅᴜʟᴇɴᴛ ᴀɴᴅ ᴜɴꜰᴀɪʀ ᴛʀᴀᴅᴇ ᴘʀᴀᴄᴛɪᴄᴇꜱ:
ꜱᴇʙɪ ᴅᴏᴇꜱ ɴᴏᴛ ᴀʟʟᴏᴡ ᴛʜᴇ ᴄᴏᴍᴘᴀɴɪᴇꜱ ᴛᴏ ᴍᴀᴋᴇ ᴍɪꜱʟᴇᴀᴅɪɴɢ ꜱᴛᴀᴛᴇᴍᴇɴᴛꜱ ᴡʜɪᴄʜ ᴀʀᴇ ʟɪᴋᴇʟʏ ᴛᴏ ɪɴᴅᴜᴄᴇ ᴛʜᴇ ꜱᴀʟᴇ ᴏʀ ᴘᴜʀᴄʜᴀꜱᴇ ᴏꜰ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ʙʏ ᴀɴʏ ᴏᴛʜᴇʀ ᴘᴇʀꜱᴏɴ.
(ɪᴠ) ꜱᴇʙɪ ᴜɴᴅᴇʀᴛᴀᴋᴇꜱ ꜱᴛᴇᴘꜱ ᴛᴏ ᴇᴅᴜᴄᴀᴛᴇ ɪɴᴠᴇꜱᴛᴏʀꜱ ꜱᴏ ᴛʜᴀᴛ ᴛʜᴇʏ ᴀʀᴇ ᴀʙʟᴇ ᴛᴏ ᴇᴠᴀʟᴜᴀᴛᴇ ᴛʜᴇ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ᴏꜰ ᴠᴀʀɪᴏᴜꜱ ᴄᴏᴍᴘᴀɴɪᴇꜱ ᴀɴᴅ ꜱᴇʟᴇᴄᴛ ᴛʜᴇ ᴍᴏꜱᴛ ᴘʀᴏꜰɪᴛᴀʙʟᴇ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ.
(ᴠ) ꜱᴇʙɪ ᴘʀᴏᴍᴏᴛᴇꜱ ꜰᴀɪʀ ᴘʀᴀᴄᴛɪᴄᴇꜱ ᴀɴᴅ ᴄᴏᴅᴇ ᴏꜰ ᴄᴏɴᴅᴜᴄᴛ ɪɴ ꜱᴇᴄᴜʀɪᴛʏ ᴍᴀʀᴋᴇᴛ ʙʏ ᴛᴀᴋɪɴɢ ꜰᴏʟʟᴏᴡɪɴɢ ꜱᴛᴇᴘꜱ:
(ᴀ) ꜱᴇʙɪ ʜᴀꜱ ɪꜱꜱᴜᴇᴅ ɢᴜɪᴅᴇʟɪɴᴇꜱ ᴛᴏ ᴘʀᴏᴛᴇᴄᴛ ᴛʜᴇ ɪɴᴛᴇʀᴇꜱᴛ ᴏꜰ ᴅᴇʙᴇɴᴛᴜʀᴇ-ʜᴏʟᴅᴇʀꜱ ᴡʜᴇʀᴇɪɴ ᴄᴏᴍᴘᴀɴɪᴇꜱ ᴄᴀɴɴᴏᴛ ᴄʜᴀɴɢᴇ ᴛᴇʀᴍꜱ ɪɴ ᴀ ᴍɪᴅᴛᴇʀᴍ.
(ʙ) ꜱᴇʙɪ ɪꜱ ᴇᴍᴘᴏᴡᴇʀᴇᴅ ᴛᴏ ɪɴᴠᴇꜱᴛɪɢᴀᴛᴇ ᴄᴀꜱᴇꜱ ᴏꜰ ɪɴꜱɪᴅᴇʀ ᴛʀᴀᴅɪɴɢ ᴀɴᴅ ʜᴀꜱ ᴘʀᴏᴠɪꜱɪᴏɴꜱ ꜰᴏʀ ꜱᴛɪꜰꜰ ꜰɪɴᴇ ᴀɴᴅ ɪᴍᴘʀɪꜱᴏɴᴍᴇɴᴛ.
ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛᴀʟ ꜰᴜɴᴄᴛɪᴏɴꜱ:
ᴜɴᴅᴇʀ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛᴀʟ ᴄᴀᴛᴇɢᴏʀɪᴇꜱ ꜰᴏʟʟᴏᴡɪɴɢ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴀʀᴇ ᴘᴇʀꜰᴏʀᴍᴇᴅ ʙʏ ꜱᴇʙɪ:
(ɪ) ꜱᴇʙɪ ᴘʀᴏᴍᴏᴛᴇꜱ ᴛʀᴀɪɴɪɴɢ ᴏꜰ ɪɴᴛᴇʀᴍᴇᴅɪᴀʀɪᴇꜱ ᴏꜰ ᴛʜᴇ ꜱᴇᴄᴜʀɪᴛɪᴇꜱ ᴍᴀʀᴋᴇᴛ.
(ɪɪ) ꜱᴇʙɪ ᴛʀɪᴇꜱ ᴛᴏ ᴘʀᴏᴍᴏᴛᴇ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ ᴏꜰ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ ʙʏ ᴀᴅᴏᴘᴛɪɴɢ ᴀ ꜰʟᴇxɪʙʟᴇ ᴀɴᴅ ᴀᴅᴀᴘᴛᴀʙʟᴇ ᴀᴘᴘʀᴏᴀᴄʜ ɪɴ ꜰᴏʟʟᴏᴡɪɴɢ ᴡᴀʏ:
(ᴀ) ꜱᴇʙɪ ʜᴀꜱ ᴘᴇʀᴍɪᴛᴛᴇᴅ ɪɴᴛᴇʀɴᴇᴛ ᴛʀᴀᴅɪɴɢ ᴛʜʀᴏᴜɢʜ ʀᴇɢɪꜱᴛᴇʀᴇᴅ ꜱᴛᴏᴄᴋ ʙʀᴏᴋᴇʀꜱ.
(ʙ) ꜱᴇʙɪ ʜᴀꜱ ᴍᴀᴅᴇ ᴜɴᴅᴇʀᴡʀɪᴛɪɴɢ ᴏᴘᴛɪᴏɴᴀʟ ᴛᴏ ʀᴇᴅᴜᴄᴇ ᴛʜᴇ ᴄᴏꜱᴛ ᴏꜰ ɪꜱꜱᴜᴇ.
(ᴄ) ᴛʜᴇ ᴇᴠᴇɴ ɪɴɪᴛɪᴀʟ ᴘᴜʙʟɪᴄ ᴏꜰꜰᴇʀ ᴏꜰ ᴘʀɪᴍᴀʀʏ ᴍᴀʀᴋᴇᴛ ɪꜱ ᴘᴇʀᴍɪᴛᴛᴇᴅ ᴛʜʀᴏᴜɢʜ ᴛʜᴇ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ.
ʀᴇɢᴜʟᴀᴛᴏʀʏ ꜰᴜɴᴄᴛɪᴏɴꜱ:
ᴛʜᴇꜱᴇ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴀʀᴇ ᴘᴇʀꜰᴏʀᴍᴇᴅ ʙʏ ꜱᴇʙɪ ᴛᴏ ʀᴇɢᴜʟᴀᴛᴇ ᴛʜᴇ ʙᴜꜱɪɴᴇꜱꜱ ɪɴ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ. ᴛᴏ ʀᴇɢᴜʟᴀᴛᴇ ᴛʜᴇ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ ᴏꜰ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ ꜰᴏʟʟᴏᴡɪɴɢ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴀʀᴇ ᴘᴇʀꜰᴏʀᴍᴇᴅ:
(ɪ) ꜱᴇʙɪ ʜᴀꜱ ꜰʀᴀᴍᴇᴅ ʀᴜʟᴇꜱ ᴀɴᴅ ʀᴇɢᴜʟᴀᴛɪᴏɴꜱ ᴀɴᴅ ᴀ ᴄᴏᴅᴇ ᴏꜰ ᴄᴏɴᴅᴜᴄᴛ ᴛᴏ ʀᴇɢᴜʟᴀᴛᴇ ᴛʜᴇ ɪɴᴛᴇʀᴍᴇᴅɪᴀʀɪᴇꜱ ꜱᴜᴄʜ ᴀꜱ ᴍᴇʀᴄʜᴀɴᴛ ʙᴀɴᴋᴇʀꜱ, ʙʀᴏᴋᴇʀꜱ, ᴜɴᴅᴇʀᴡʀɪᴛᴇʀꜱ, ᴇᴛᴄ
(ɪɪ) ᴛʜᴇꜱᴇ ɪɴᴛᴇʀᴍᴇᴅɪᴀʀɪᴇꜱ ʜᴀᴠᴇ ʙᴇᴇɴ ʙʀᴏᴜɢʜᴛ ᴜɴᴅᴇʀ ᴛʜᴇ ʀᴇɢᴜʟᴀᴛᴏʀʏ ᴘᴜʀᴠɪᴇᴡ ᴀɴᴅ ᴘʀɪᴠᴀᴛᴇ ᴘʟᴀᴄᴇᴍᴇɴᴛ ʜᴀꜱ ʙᴇᴇɴ ᴍᴀᴅᴇ ᴍᴏʀᴇ ʀᴇꜱᴛʀɪᴄᴛɪᴠᴇ.
(ɪɪɪ) ꜱᴇʙɪ ʀᴇɢɪꜱᴛᴇʀꜱ ᴀɴᴅ ʀᴇɢᴜʟᴀᴛᴇꜱ ᴛʜᴇ ᴡᴏʀᴋɪɴɢ ᴏꜰ ꜱᴛᴏᴄᴋ ʙʀᴏᴋᴇʀꜱ, ꜱᴜʙ-ʙʀᴏᴋᴇʀꜱ, ꜱʜᴀʀᴇ ᴛʀᴀɴꜱꜰᴇʀ ᴀɢᴇɴᴛꜱ, ᴛʀᴜꜱᴛᴇᴇꜱ, ᴍᴇʀᴄʜᴀɴᴛ ʙᴀɴᴋᴇʀꜱ ᴀɴᴅ ᴀʟʟ ᴛʜᴏꜱᴇ ᴡʜᴏ ᴀʀᴇ ᴀꜱꜱᴏᴄɪᴀᴛᴇᴅ ᴡɪᴛʜ ꜱᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇ ɪɴ ᴀɴʏ ᴍᴀɴɴᴇʀ.
(ɪᴠ) ꜱᴇʙɪ ʀᴇɢɪꜱᴛᴇʀꜱ ᴀɴᴅ ʀᴇɢᴜʟᴀᴛᴇꜱ ᴛʜᴇ ᴡᴏʀᴋɪɴɢ ᴏꜰ ᴍᴜᴛᴜᴀʟ ꜰᴜɴᴅꜱ ᴇᴛᴄ.
(ᴠ) ꜱᴇʙɪ ʀᴇɢᴜʟᴀᴛᴇꜱ ᴛᴀᴋᴇᴏᴠᴇʀ ᴏꜰ ᴛʜᴇ ᴄᴏᴍᴘᴀɴɪᴇꜱ.
Answer:
The overall objectives of SEBI are to protect the interest of investors and to promote the development of stock exchange and to regulate the activities of the stock market. The objectives of SEBI are: To monitor the actions of a stock exchange. To protect the rights of investors and ensuring safety to their investment.