A Story of Establishment of SEBI

The Securities and Exchange Board of India (SEBI) was established in 1988, following recommendations from various committees and the need for regulatory oversight in the Indian capital markets. Initially an interim non-statutory board, SEBI obtained statutory status in 1992. Its objectives include promoting market development, ensuring investor protection, and regulating the securities market. Over the years, SEBI's role has been expanded. Under its guidance, India's capital market has evolved into a dynamic global player, marked by achievements such as transitioning to a disclosure-based regulatory regime and contributing significantly to market progress.