Objectives

• Protect interest of the investor in securities

• 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.