A Study on Role of Sebi as a Regulatory Authority in Indian Capital Market

Indian Capital market have shown tremendous growth in the post Liberalization era. It remains one of the most resilient globally and poised to be one of the top destinations for domestic and global business to expand and invest into. It promotes economic growth through the mobilization of long term saving and the savings get invested in the economy for productive purpose. The capital market deals with capital. Capital Market is generally understood as a market for long term funds and investments in long term instruments available in this market. Capital markets mean the market for all the financial instruments, short term and long term as so commercial industrial and government paper. Generally for the economic growth of a country an investment plays very important role. People expect best returns by investing some portion of their hard earned income into stock market such as shares, debentures, bonds etc,. More risk is associated with investment in stock market. For the protection of such investors interest and to safe guard their hard earned money a regulatory authority officially formed by Government of India, named as Securities and Exchange Board of India (SEBI). This research paper aims to gain insight into the role of SEBI as a regulatory authority and its impact on Indian Capital market. The study is descriptive in nature. Thus the findings have been made by analysis in order to know the role and impacts of SEBI in Indian Capital market.