 Securities and Exchange Board of India (SEBI)

 Established by the government of India on 12 April 1998

 Serves as interim administrative body to promote orderly and healthy growth of
securities market and for investor protection
 Statutory status 30th January 1992 – Act of Parliament known as the Securities and
Exchange Board of India Act,1992
 Main function- to systematize the securities market

Role of SEBI
 Keeping a check on malpractices and protect the interests of Investors
 Issuers - helped them in providing a market place in they can raise finance fairly and
easily
 Investors- helped them providing the necessary protection and by supply of accurate
and correct information
 Intermediaries- provides a competitive professional market

Role of Finance Ministry

 The role of Ministry of Finance is similar to the role of heart in the
Human body
 This is because in the monetized economy, nothing moves without money

 Especially in the government, when the entire functioning

is in the money terms

 All this makes the role of Ministry of Finance important and vital for smooth
functioning of the government

 It is generator ,distributor and custodian of the finances of the government

 As a generator it has to devise ways to generate more and more resources from the
existing resources as well as to find new sources of income to the government so as
to satiate the demand for money of the different ministries and departments

 As distributor it is its duty to use all its wisdom to ensure that the funds are
distributed. It has to be vigilant and keep check so as to ensure that the funds are
not wasted, through reckless spending. It has to keep balance between the
demands and the national priorities
 the role of the ministry is becoming more and more challenging due to the impact
of globalization, disinvestment, instable rupee etc

 It has to be on toes all the time maintaining a balance between the legislative acts
and their implementation, keeping the administrative apparatus vigilant and
effective so as to keep a check on the increasing economic offences.