How does development took plan in security market of india?
Answers
Answer:
The regulator said high-profile academic Ajay Shah was also prohibited from associating in any manner with any stock exchange, depository, market intermediary or listed company for two years. It also barred stock broker OPG Securities and its directors Sanjay Gupta and Sangeeta Gupta from accessing the securities market for five years.
The case dates back to 2015, when a whistleblower wrote a letter to Sebi alleging that NSE, India's largest stock exchange, gave preferential access to a few high-frequency traders and brokers to the exchange's trading platform. Sebi named the complainant as Ken Fong.
Explanation:
To safeguard the interests of investors and to regulate capital market with suitable measures.
To regulate the business of stock exchanges and other securities market.
To regulate the working of Stock Brokers, Sub-brokers, Share Transfer Agents, Trustees, Merchant Bankers, Underwriters, Portfolio Managers etc. and also to make their registration.
To register and regulate collective investment plans of mutual funds.
To encourage self-regulatory organisations.
To eliminate malpractices of security markets.
To train the persons associated with security markets and also to encourage investors' education.
To check insider trading of securities.
To supervise the working of various organisations trading in security market and also to ensure systematic dealings.
To promote research and investigations for ensuring the attainment of above objectives.