Question

State with reason whether the following statement is True or False:

The objective of SEBI is to protect interest of the companies.

पर्याय

• True

• False

Answer 1

This statement is False.

Reasons:

The main objectives of SEBI are as under.

1. To promote fair dealing by the issue of securities and to ensure a market place where (they) companies or institutions can raise funds at relatively low cost.
2. To provide protection to the investors and protect their rights and interests so that there is a steady flow of savings into the market.
3. To regulate and develop a code of conduct and fair practices by intermediaries like brokers etc. with a view to make them competitive and professional.
4. It aims at protecting investors and safeguarding the rights and interests of small to big investors alike.
5. It aims to provide a code of conduct for all the players in the market like brokers and provide the best professional and competitive atmosphere in the Indian Capital market.
6.  6. SEBI therefore is more pro–investor than pro – company.