Capital market provides long-term debt and equity finance for the government and the corporate sector. Thus, capital market plays an essential role in the economic development of any country. Various measures have been adopted in the last decade to make the securities market in India better regulated, more efficient and safer. One of such measure in India is establishment of the regulator of Indian capital market – Securities and Exchange Board of India (SEBI) in 1988. This paper analysis the role of SEBI in Indian stock market, formed officially by the Government of India, as regulatory body to protect investor's interest and money.
Indian Capital Market, SEBI, Regulation, Reformer, Investor's Protection
