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Alisha Khan - LLM - Dissertation - Synopsis

The document discusses the role and performance of the Securities and Exchange Board of India (SEBI) as the regulator of the securities market in India. It aims to critically analyze SEBI's effectiveness over the years from the perspective of both intermediaries and investors. Several issues are explored, including market risks and scams that have occurred, SEBI's establishment and powers, its role in regulating different intermediaries, implementing corporate governance principles, and the setbacks it has faced in regulating the capital market. Criticism of SEBI's performance from both intermediaries and investors is also examined. Suggestions are provided in the conclusion on strengthening SEBI's effectiveness.

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289 views4 pages

Alisha Khan - LLM - Dissertation - Synopsis

The document discusses the role and performance of the Securities and Exchange Board of India (SEBI) as the regulator of the securities market in India. It aims to critically analyze SEBI's effectiveness over the years from the perspective of both intermediaries and investors. Several issues are explored, including market risks and scams that have occurred, SEBI's establishment and powers, its role in regulating different intermediaries, implementing corporate governance principles, and the setbacks it has faced in regulating the capital market. Criticism of SEBI's performance from both intermediaries and investors is also examined. Suggestions are provided in the conclusion on strengthening SEBI's effectiveness.

Uploaded by

Alisha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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A CRITICAL STUDY OF SEBI AS REGULATOR OF SECURITIES

MARKET

SYNOPSIS:

The Securities and Exchange Board of India (SEBI) is a regulatory body with independent
powers set up to control and regulate the Securities Market in India. Despite the activities and
functioning of the Board, there are still a lot of malpractices, insider trading and rosy pictures
presented by managers to investors about the security of investments, in the form of high
dividends and capital gains which actually do not exist. This is posing a big problem to investors
and to SEBI. This research aims to study the functioning of Indian Capital Market in light of
different scams, and how such scams changed the picture of Capital market in India, and the
reform brought thereafter. The Second part of the research aims to study and understand the
functioning and powers of SEBI. The third part aims to study the relationship between the SEBI
and different market players. The fourth part aims to analyses role of SEBI in implementing the
principles of Corporate Governance. Lastly, the dissertation critically analyses the performance
of SEBI over the years from both intermediaries and investor’s perspective. Moreover, examines
the setbacks faced by SEBI in regulating the Capital market.

I. INTRODUCTION

II. RISKS IN INDIAN CAPITAL MARKET- In this chapter following aspects will be dealt;-

 The Role of the Indian Capital Market


 Members of the Indian Capital Markets
 The Development in Indian Capital Market since 1992
 Regulatory Framework for the Primary Market
 Primary Market Reforms
 Regulations further revised and strengthened in 1996
 Regulations for mutual funds revised in 1996
 Secondary Market Reforms
 The Scams that changed questioned the regulatory framework of Scurities market.
 The Impact of the Scam and Lessons from these Scam Activities
 The Strategy of the Scam
 Need for the Capital Market Reforms
 The Indian Capital Market Settlement System
 Present state of the Indian Capital Market

III. THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI): ITS


ESTABLISHMENT AND PERFORMANCE:- In this chapter following aspects will be dealt;-

 The Birth of SEBI


 Establishment and Incorporation of the Board
 Term of Office and Conditions of Service of Chairman and Members of the Board
 Removal of a Member from Office
 Meetings
 Vacancies not to Invalidate Proceedings of the Board
 Officers and Employees of the Board
 Functions and Responsibilities of the Board
 The Powers of SEBI
 Power of Inspection
 Powers of the Court
 Power Regarding the Protection of Investors
 Power to Issue Directions (Section 11B)
 Power to Carry out Investigation (Section 11C)
 Cease and Daesist Proceedings
 Registration Certificate
 The Efficiency of SEBI
 The Survival of SEBI

IV. SEBI AS REGULATOR: In this chapter following aspects will be dealt;-


 Intermediaries governed by SEBI
 SEBI Efforts towards Investors’ Education
 SEBI Regulations for Stock Brokers
 SEBI (Disclosure and Investor Protection) Guidelines, 2000
 SEBI Guidelines
 Information Disclosure by Issuing Companies
 SEBI’s Stock Watch System
 Investor Education Guide
 The Trading of Securities
 The Transfer of Securities
 Depository and Dematerialization
 Grievance Redressal
 Status of Investors’ Grievances
 SEBI’s Handling of Disgorgement Money
 Settlement by SEBI
 Initiatives by Central Government
 Recent Steps/Reforms by SEBI

V. EVALUATION OF THE ADOPTION OF THE CORPORATE GOVERNANCE


PRINCIPLES BY COMPANIES: In this chapter following aspects will be dealt;-

 The Corporate Governance Rules in India


 The Evolution of Corporate Governance
 The Role of Good Corporate Governance
 Principles of Good Corporate Governance
 The London 1991 Committee on Corporate Governance
 SEBI Guidelines on Corporate Governance
 Corporate Governance – Code of Conduct
 The Code of Best Practice for Directors

VI. REALITY OF SEBI’S PERFORMANCE:- In this chapter following aspects will be dealt;-
 From Perspective of Intermediaries
 From Perspective of Investors
 The Set Backs of SEBI as a Capital Market Regulator

VII. CONCLUSION & SUGGESTION

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