M.D.COLLEGE T.Y.F.

M ROLE OF SEBI TO STOP SCAMES

UNIVERSITY OF MUMBAI
PROJECT ON

ROLE OF SEBI TO STOP SCAMES

Bachelor of Commerce
Financial Markets
Semester VI
(2015-2016)

Submitted
In partial Fulfillment of the requirement for the
Award of Degree of Bachelor of Commerce – Financial Market.

Submitted By,
MR.TEJAS VILAS BHEKARE.

Roll No. - 03

Under Guidance,
PROF. Priyanka Prasad

MAHARSHI DAYANAND COLLEGE OF ARTS, SCIENCE &

COMMERCE PAREL, MUMBAI – 400 012.

B.COM(FINANCIAL MARKETS)
M.D.COLLEGE T.Y.F.M ROLE OF SEBI TO STOP SCAMES

MAHARSHI DAYANAND COLLEGE

OF ARTS, SCIENCE & COMMERCE
PAREL, MUMBAI – 400 012.

CERTIFICATE

This is to certify that MR.TEJAS VILAS BHEKARE. of B.Com

(Financial Markets) Semester VI (2015-2016) has successfully
completed the project on ROLE OF SEBI TO STOP SCAMES under the
guidance of PROF. Priyanka Prasad

Course Coordinator Principal

Project Guide/Internal Examiner External Examiner

B.COM(FINANCIAL MARKETS)
M.D.COLLEGE T.Y.F.M ROLE OF SEBI TO STOP SCAMES

DECLARATION

I am MR. TEJAS VILAS BHEKARE. The student of B. com

(Financial Markets) Semester VI (2015-2016) hereby declares that I
have completed the Project on ROLE OF SEBI TO STOP SCAMES.
The information submitted is true and original to the best of my
knowledge.

Signature of student

Name of Student

MR. TEJAS VILAS BHEKARE.

Roll No. 03

B.COM(FINANCIAL MARKETS)
M.D.COLLEGE T.Y.F.M ROLE OF SEBI TO STOP SCAMES

ACKNOWLEDGEMENT

The college, the faculty, the classmates & the atmosphere, in the college
were all the favorable contributory factors right from the point when the
topic was to be selected till the final copy was prepared. It was a very
enriching experience throughout the contribution from the following
individuals in the form in which it appears today. We feel privileged to
take this opportunity to put on record my gratitude towards them.
PROF. KUNAL SONI SIR made sure that the resource was made
available in time & also for immediate advice & guidance throughout
making this project. The principal of our college DR. T.P.GHULE and
our Vice-Principal Mrs. SANJEEVANI PHATAK has always been
inspiring & driving force. We are thankful to Mr. SANTOSH SHINDE
associated with administration part of Financial Markets & Banking &
Insurance section has been very helpful in making the infrastructure
available for data entry.

B.COM(FINANCIAL MARKETS)
M.D.COLLEGE T.Y.F.M ROLE OF SEBI TO STOP SCAMES

EXECUTIVE SUMMARY

Since the empowerment of the Securities and Exchange Board of India (SEBI)
through an Act of Parliament in 1992, SEBI has come up with a number of
initiatives aimed at regulating and developing the Indian securities market and
improving its safety and efficiency. These initiatives have made an impact on
nearly every aspect of the market. Some of those initiatives have transformed the
market fundamentally. Particularly noteworthy is the growth in the following:

• Market capitalization

• Number of listed firms

• Trading volumes and turnover both in the spot and futures markets.

There is a growing network of financial intermediaries that operate in a highly

competitive environment while being governed by a tight set of norms. India has
one of the most sophisticated new equity issuance markets. Disclosure
requirements and the accounting policies followed by listed companies for
producing financial information are comparable to the best regimes in the world.

The Indian securities market is among the safest and the most efficient trading
destinations internationally. The Indian corporate governance code is compared to
the Sarbanes Oxley Act of the USA. India has one of the fastest growing and well-
developed asset management businesses in the world, with state-owned as well as
private sector players. That said, the Indian market is often hostage to some scam
or the other from time to time. Effective enforcement of compliance is cited as one
of the reasons for these unsavory episodes.

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M.D.COLLEGE T.Y.F.M ROLE OF SEBI TO STOP SCAMES

INDEX

SR.
NO PARTICULARS PG. NO
1 1
INTRODUCTION
STOCK MARKET

SEBI

2 OVERVIEW OF SECURITIES MARKET IN INDIA 6

3 ROLE OF REGULATION 8

4 POWERS AND FUNCTION OF SEBI 12

REGULATION OF STOCK EXCHANGES AND
5 SUBSIDIARIES 15

6 OBJECTIVES 20
ORGANAISATION REGULATING SECURITIES
7 MARKETS IN INDIA 22

8 SECURITIES MARKET REGULATION PRIOR TO SEBI 24

PROMOTION AND REGULATION OF SELF
9 REGULATORY ORGANISATIONS 27

10 ROLE OF SEBI ON INDIAN STOCK MARKET 29

11 LIMITATIONS OF SEBI 35

12 GOVERNANCE OF STOCK EXCHANGES 37

INVESTOR EDUCATION AND THE TRAINING OF
13 INTERMEDIARIES 39
ROLE OF SEBI TO STOP SCAMS
14 40

15 COCLUSION 50

16 BIBLIOGRAPHY 52

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