Securities and Exchange Board of India - Role as a Regulator

 
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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Case Details:

Price:

Case Code : FINC036 For delivery in electronic format: Rs. 400;
For delivery through courier (within India): Rs. 400 + Rs. 25 for Shipping & Handling Charges

Themes

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Case Length : 14 Pages
Period : 1999 - 2004
Pub. Date : 2005
Teaching Note : Not Available
Organization : SEBI
Industry : -
Countries : India

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.

Issues:

» Examine the roles and responsibilities of a capital market regulator

» Understand the capital market reforms initiated by a regulatory authority and their benefits to the retail investors

» A Identify the loopholes in the financial system that allows capital market scams to happen and suggest a suitable course of action to avoid them

» Appreciate the complexity of a growing market like China

» Discuss the future of Indian capital market and the role of SEBI

» Appreciate the complexity of a growing market like China

» Discuss the future of Indian capital market and the role of SEBI

Contents:

  Page No.
Introduction 1
The Genesis of SEBI 2
The Regulator 3
The Setback 3
The Reformer 6
The Crash 7
The Reasons 8
Restoring Investor Confidence 9
Exhibits 11

Keywords:

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

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