Chapter 10: SEBI & Regulation
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Day 49: SEBI — Market Ka Policeman
Bina SEBI ke market ek jungle ho jaata!
2 min read
📖 1992 Ka Harshad Mehta Scam
Harshad Mehta ne bank receipts ka fraud karke ₹4,000 crore stock market mein pump kiya. SENSEX artificially sky-high ho gaya. Aam investors ne sab kuch investment kiya market mein. Phir scam expose hua — SENSEX crash. Lakhs of investors ruined!
Government soochi: "Koi system nahi tha — koi protect karne wala nahi tha!" Isliye 1992 mein SEBI ko statutory body banaya gaya — real powers ke saath! 👮
Harshad Mehta ne bank receipts ka fraud karke ₹4,000 crore stock market mein pump kiya. SENSEX artificially sky-high ho gaya. Aam investors ne sab kuch investment kiya market mein. Phir scam expose hua — SENSEX crash. Lakhs of investors ruined!
Government soochi: "Koi system nahi tha — koi protect karne wala nahi tha!" Isliye 1992 mein SEBI ko statutory body banaya gaya — real powers ke saath! 👮
SEBI Kya Hai?
SEBI = Securities and Exchange Board of India
Founded: 1988 (advisory), 1992 mein statutory powers mili
Headquarter: Mumbai
Reporting to: Finance Ministry, Government of India
SEBI = Stock market ka RBI! Jaise RBI banks regulate karta hai, SEBI stock market regulate karta hai!
Founded: 1988 (advisory), 1992 mein statutory powers mili
Headquarter: Mumbai
Reporting to: Finance Ministry, Government of India
SEBI = Stock market ka RBI! Jaise RBI banks regulate karta hai, SEBI stock market regulate karta hai!
SEBI Ke 4 Main Functions
🛡️ Investor Protection
Investors ko fraud, manipulation, insider trading se protect karna. SCORES portal pe complaints le sakto ho!
📋 Market Regulation
Exchanges (NSE, BSE), brokers, depositories (CDSL, NSDL) — sab ko regulate karna.
📊 Market Development
New products introduce karna (Mutual Funds, REITs, InvITs, derivatives) — market grow karna.
⚖️ Fair Practices
IPO process, disclosure requirements, insider trading rules — sab SEBI ke guidelines pe!
SEBI Ke Rules Jo Har Investor Ko Pataa Hona Chahiye
| Rule | Kya Hai |
|---|---|
| Insider Trading Ban | Company ke employees/insiders apni unpublished info pe stock trade nahi kar sakte! |
| Disclosure Norms | Listed companies quarterly results + material events disclose karni padti hain |
| IPO Guidelines | DRHP mandatory, 3-day subscription window, allotment rules fixed |
| Mutual Fund Regulation | AMCs ko SEBI registered hona must, NAV daily publish karna zaroori |
| Research Analyst Rules | Paid recommendations ke liye SEBI RA registration compulsory! |
🎉 SCORES Portal!
SEBI ka SCORES (SEBI COmplaints REdressal System) portal pe koi bhi investor broker, company ya market participant ke against complaint kar sakta hai — completely free! complaints.sebi.gov.in pe jaao. SEBI ne lakhs of complaints resolve ki hain! Yeh aapka right hai! 🙏
SEBI ka SCORES (SEBI COmplaints REdressal System) portal pe koi bhi investor broker, company ya market participant ke against complaint kar sakta hai — completely free! complaints.sebi.gov.in pe jaao. SEBI ne lakhs of complaints resolve ki hain! Yeh aapka right hai! 🙏
🎯 Takeaway:
SEBI = market ka watchdog. 1992 Harshad scam ke baad strong powers mili. Investor protection, regulation, development — teen kaam. Koi fraud ho — SCORES pe complain karo! Kal — SEBI Research Analyst (RA) Registration — NISM-XV exam ki toh!
SEBI = market ka watchdog. 1992 Harshad scam ke baad strong powers mili. Investor protection, regulation, development — teen kaam. Koi fraud ho — SCORES pe complain karo! Kal — SEBI Research Analyst (RA) Registration — NISM-XV exam ki toh!