74 chapter 3 the securities and exchange board of india 1 introduction the securities and exchange board of india sebi was constituted on 12 april 1988 as a non statutory ...
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...Chapter the securities and exchange board of india introduction sebi was constituted on april as a non statutory body through an administrative resolution government for dealing with all matters relating to development regulation market investor protection advise these given status powers ordinance promulgated january established february replaced by act parliament th preamble enshrines objectives protect interest in promote regulate functions were strengthened promulgation laws amendment which subsequently before three principal acts governing capital issues control restricted issuer s access controlled pricing b companies sets out code conduct corporate sector relation issue allotment transfer disclosures be made public c contracts provides transactions over stock exchanges had its origin during war when objective channel resources support effort retained some modifications means controlling raising ensure that national channelled into proper lines i e working paper series no price d...