Abstract

The case discusses the role played by the Securities and Exchange Board of India (SEBI) as a regulator of Indian capital markets. The case discusses in depth the capital market reforms initiated by SEBI. In spite of these reforms and increasing regulatory powers over the years, SEBI has been largely unsuccessful in controlling capital market scams. The case examines the strengths and weaknesses of SEBI as a regulatory organization. It describes the recent initiatives by SEBI to promote investor education and corporate governance, transparency and abidance of regulations among corporates.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Study and analyze the structure of capital markets in India and the role of SEBI.

Keywords

SEBI, Indian Capital Markets, Regulatory Agency, Capital Market Reforms in India, Financial Scams, Retail Investors, Demat Trading, Rolling Settlement