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(b) Economic development: Through easy funds mobilizing, the boosted production fetches more
capital, enhancing economic development.
(c) National projects: As stock exchange promotes, the capital formation rate the projects which brings
National Prosperity can be easily undertaken.

Securities and exchange board of India (SEBI)
The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the
securities market in India. It was established on 12 April 1992 through the SEBI Act, 1992.
Powers
For the discharge of its functions efficiently, SEBI has been vested with the following powers:
1. To approve by-laws of stock exchanges, SEBI
2. To enquire the stock exchange to amend their by-laws.
3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges.
4. Inspect the books of accounts of financial intermediaries.
5. Compel certain companies to list their shares in one or more stocks exchanges.
6. Levy fees and other charges on the intermediaries for performing its functions.
7. Grant license to any person for the purpose of dealing in certain areas.
8. Delegate powers exercisable by it.
9. Prosecute and judge directly the violation of certain provisions of the Companies Act.
10. Power to impose monetary penalties.