• Promote development of securities market • Regulating the securities market Regulations issued by SEBI • The SEBI registers and regulates the intermediaries in the primary & Secondary market . • Some of the major intermediaries it regulates are merchant bankers, underwriters, bankers to an issue, registrars to an issue and share transfer agents and debenture trustees. • Secondary market intermediaries are brokers, sub brokers , stock exchanges, FII, Custodian, Depositories, MF, VC funds. • The registration can be cancelled or suspended by SEBI as per manner prescribed in the regulations Investor grievance
• Investor grievance are usually due to delays in
dispatch of allotment letters, refund orders, misleading statements in advertisements or in the prospectus, delay in transfer of securities, non-payment of interest or dividend. • These grievance are dealt with either SEBI or department of company affairs Ombudsman • SEBI issued ombudsman regulation in 2003 to provide fair and transperent system of redressal of grievance. • These regulation empower an investor to get redressal against both the company and the intermediaries. • Complaints dealt by ombudsman act are • 1. Complaints received against intermediaries or listed companies. • 2. to consider that complain and facilitate resolution • 3. to approve friendly settlement of dispute between the parties. • 4. to adjudicate such complaints in the event of failure of settlement . Investor Protection Measures • Various types: • Non receipt of dividend • Non receipt of refund/ allotment letter • Complain related to brokers, sub brokers, intermediatries • Complain related to derivate exchange, stock exchange. Investor Education • Quick reference guide to investors • Notices issued to public for risk involved in Collective investment schemes • Information for CIS were also advertised.