SEBI Act · 11
Functions of the Board
Duty to protect investors and regulate the market — registering intermediaries, prohibiting fraudulent and unfair trade practices, regulating takeovers, and calling for information.
Library
Civil & Commercial
Securities and Exchange Board of India Act, 1992
1992 · Ministry of Finance · 35 sections
Establishes SEBI to protect investors and regulate the securities market, with wide powers of investigation, direction and penalty, and an appeal to the Securities Appellate Tribunal.
Most-invoked sections
SEBI Act · 11B
Power to issue directions
SEBI may issue directions to any person or intermediary in the interests of investors or the securities market, including disgorgement of wrongful gains.
SEBI Act · 12A
Prohibition of manipulative and deceptive devices, insider trading
No person shall use manipulative devices, engage in insider trading, or acquire control in contravention of regulations.
SEBI Act · 15HA
Penalty for fraudulent and unfair trade practices
Penalty of not less than ₹5 lakh up to ₹25 crore or three times the profits made, whichever is higher.
SEBI Act · 15T
Appeal to the Securities Appellate Tribunal
Any person aggrieved by an order of SEBI or an adjudicating officer may appeal to the SAT within forty-five days; a further appeal lies to the Supreme Court on a question of law (s. 15Z).
The text shown is a working summary used inside Nyaya for grounding and UI preview. For verbatim reproduction, refer to the bare Act published on indiacode.nic.in.