The elevation of Madhabi Puri Buch, who has been appointed as the chairperson of the Securities and Exchange Board of India (SEBI), assumed significance as she became the first woman to lead the market regulator in the country.
Context
The elevation of Madhabi Puri Buch, who has been appointed as the chairperson of the Securities and Exchange Board of India (SEBI), assumed significance as she became the first woman to lead the market regulator in the country.
About SEBI
- SEBI is a statutory regulatory body established on the 12th of April, 1992.
- It monitors and regulates the Indian capital and securities market while ensuring to protect the interests of the investors, formulating regulations and guidelines.
- The fundamental objective of SEBI is to safeguard the interest of all the parties involved in trading. It also regulates the functioning of the stock market. SEBI’s objectives are:
- To monitor the activities of the stock exchange.
- To safeguard the rights of the investors
- To curb fraudulent practices by maintaining a balance between statutory regulations and self-regulation.
- To define the code of conduct for the brokers, underwriters, and other intermediaries.
