SEBI (Securities and Exchange Board of India) is the regulatory authority that oversees the securities and capital markets in India. Established in 1992, SEBI’s primary role is to protect the interests of investors, ensure transparency, and promote fair practices in the securities market. It functions as an autonomous body under the Ministry of Finance, Government of India.

The main objectives of SEBI include regulating stock exchanges, monitoring market intermediaries, and preventing fraudulent or unfair trade practices. SEBI ensures that companies listed on the stock exchange follow proper disclosure norms and provide accurate information to investors. It also regulates activities of entities such as mutual funds, portfolio managers, merchant bankers, and brokers to maintain integrity in the financial system.

Key functions of SEBI are divided into three categories — protective, regulatory, and developmental. The protective function safeguards investors from malpractices, the regulatory function sets and enforces rules for market participants, and the developmental function promotes financial literacy and technological advancement within the markets. SEBI also plays a crucial role in approving IPOs, takeovers, and corporate restructuring activities, ensuring that all such transactions comply with legal and ethical standards.

For investors, SEBI acts as a guardian by providing a secure environment to invest and trade. It also facilitates grievance redressal through platforms like SCORES (SEBI Complaints Redress System). By promoting transparency, accountability, and efficiency, SEBI contributes to the stability and growth of India’s financial markets.

In summary, SEBI is the cornerstone of India’s securities market, working to build trust, prevent manipulation, and ensure fair participation for all investors — from individuals to institutions.