Page 7 - Lesson Note 4

a. To advise SEBI on matters relating to the regulation of intermediaries for ensuring investors

protection in the primary market.

b. To advise SEBI on issues related to the development of primary market in India.

c. To advise SEBI on disclosure requirements for companies.

d. To advise for changes in legal framework to introduce simplification and transparency in the

primary market.

e. To advise the board in matters relating to the development and regulation of the secondary

market in the country.

The committees are however non statutory in nature and the SEBI is not bound by the advice of
the committee. These committees are a part of SEBI’s constant endeavor to obtain a feedback

from the market players on various issues relating to the regulations and development of the

market.