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...Wp improving the legal process in enforcement at sebi dharmishta raval indira gandhi institute of development research mumbai april http www igidr ac pdf publication general arun kumar vaidya marg goregaon e india email corresponding author ravalandraval gmail com abstract first statutory regulatory body that government set up post reforms was securities and exchanges board as a regulator for markets given powers to create subordinate legislation investigate wrong doing impose relevant penalties this paper we examine describe processes with focus on particularly quasi judicial functions make an attempt lay out principles ought drive such against which compare current workings propose series improvements through rule law could be further strengthened keywords market regulation jel code g k acknowledgements produced part financial sector project i march rst wemakeanattempttolayouttheprinciples would like thank m s sahoo ajay shah nipfp susan thomas finance group initial discussions denin...