Important Points for IC 99 - Asset Management Exam
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SEBI has defined roles of each of the intermediaries, issuers and market players, their functions and responsibilities and code of conduct for the smooth functioning of the Indian Security Market and protection of all investors.
As per Section 11 of the SEBI Act, 1992, it shall be the duty of the Board to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit.
Section 11(4) empowers SEBI to take measures for any pending investigation or inquiry in the interest of investors.
Section 11A : Board is to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities for protection of investors interests.
Section 11B : To issue directions to any person in the interest of investors.
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