Q: What are the powers of securities and exchange board of India ?

Ans: SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity.

Powers: 

For the discharge of its functions efficiently, SEBI has been vested with the following powers: 

to approve by−laws of Securities exchanges.

to require the Securities exchange to amend their by−laws.

inspect the books of accounts and call for periodical returns from recognised Securities exchanges.

inspect the books of accounts of financial intermediaries.

compel certain companies to list their shares in one or more Securities exchanges.

registration of Brokers and sub-brokers.

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