promote the development of and to regulate the securities market by such measures as it thinks fit.

promote the development of and to regulate the securities market by such measures as it thinks fit.
With the aforesaid object in view, under Section 11 (2)the Board has been entrusted
with the following functions :
'-fZff Reguj!iting the.l>!!sin~!n s~2-cJs.exchanges and any other securities markets.
(b) Registering and ~gulating the working of stock brokers, sub-brokers, share transfer
./ agents, bankers to issue, trustees of trust deeds, registrars to issue, merchant bankers,
underwriters, portfolio managers, investment advisers and such other inter
mediaries who may be associated with securities markets in any manner.
(c) Registering and regulating working of depositories, custodians of securities,
Foreign Institutional Investors, credit rating agencies and such other inter
mediaries as Board may, by notification, specify.
(d) Registering and regulating working of venture capital funds and collective
I investmen~ schemes, induding mutual funds.
(e) Registering and regulating self-regulatory organisations (like stock exchanges).
.,Aft Prohibiting fraudulent and unfair trade practices relating to securities market.
(g) Promoting investors education and training of intermediaries of securities markets.
(h) Prohibiting insider trading in securiJies.
(i) Regulating"substantialacquisiHon of shares and take over of companies.
(j) Calling for information from undertaking under inspection, conducting
enquiries and audits of stock exchanges, mutual funds and intermediaries and
self-regulatory organisations in the securities market.
(kt Calling for information and record from any bank or any other authority or board or corporation established or constituted by or under any Central, State or ProvinciallAct in respect of any transaction in securities which are under investigation or inquiry by the Board.
(l) Performing such functions and exercising such powers under the provisions of the Securities Contracts (Regulation) Act, 1956, as may be delegated to it by the Central Government.
(m) Conducting research for the above purposes.
(n) Calling information from agencies or furnishing information to agencies as
may be specified by the Board.
Ao) Performing such other functions as may be assigned to SE,BI.
(p) "ide the SEBI (Amendment) Act 2002 (w.eJ. 29.10.2002), SEBI has also been empowered to inspect any book or register or other document or record of any listed public company or a public company (not being intermediaries referred to in Section 12) which intends to get its securities listed on any recognized stock exchange. Such inspection may be ordered if the Board has reasonable grounds to believe that such company has been indulging in insider trading or fraudulent and unfair trade practices relating to securities market [Sec. 11(2A)].
Powers of SEBI
A. Under SEBI Act, 1992
1. Sub-section (4) of Section 11, added by SEBI (Amendment) Act, 2002 (w.e.f.
29.10.2002) empowers SEBI, in the interest of investors or securities market, to