Registered Stock Exchanges are regulated marketplaces where securities such as shares, bonds, and derivatives are listed and traded under the supervision of the Securities and Exchange Board of India (SEBI). These exchanges ensure transparency, investor protection, and fair trading practices within the financial markets.

In India, the two primary registered stock exchanges are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Both are governed by SEBI’s stringent regulatory framework, which ensures that companies listed on these exchanges meet specific disclosure and compliance norms. Each exchange provides a platform for investors to buy and sell securities electronically, promoting efficiency and liquidity in the market.

Every registered stock exchange must adhere to SEBI’s guidelines under the Securities Contracts (Regulation) Act, 1956. This includes maintaining proper record-keeping, ensuring fair price discovery, and protecting investors from market manipulation or insider trading. The exchanges also have dedicated surveillance mechanisms and compliance systems to monitor trading activity in real time.

Additionally, registered exchanges play a vital role in the economy by enabling capital formation. Through Initial Public Offerings (IPOs) and other listings, companies can raise funds for growth, while investors gain opportunities to participate in their financial progress. This interaction between issuers and investors strengthens India’s financial ecosystem.

Overall, registered stock exchanges form the backbone of India’s capital market infrastructure, ensuring that all market participants operate within a fair, transparent, and regulated environment. Understanding their function helps investors make informed decisions while staying compliant with SEBI’s rules and best practices.