CORPORATE LEGAL PRACTICE

Security Exchange Board of India (SEBI) launches SAA₹THI app

February 6, 2022
141 Views
3 Min Read

Introduction

All the investors invest their hard-earned money in the security market so that they can earn some profit. But most of the investors invest in the market without having any knowledge about the market due to which they have to suffer losses. To educate the investors and to protect the interest of investors, the Security Exchange Board of India (SEBI) has launched the “Saa₹thi” app. This app will provide investors the basic knowledge about the securities market. This mobile app is an initiative of SEBI to educate investors about the security market, mutual funds, trading and settlement, KYC process, recent developments related to the market, investor grievances redressal mechanism, etc.

Features of the app

  • The app is available in both Hindi and English.
  • The app is available for both Android and iOS versions and can be downloaded from Play Store and App Store respectively.
  • Saa₹thi will give easy access to relevant information like trading, market entry, and investment.
  • The app will also promote transparency in markets and increase awareness.
  • All the updated and authentic information is provided through the app.
  • The information provided in the app is in simple language so that even a beginner can understand the complex concept of security markets.
  • Shortly the app will be available in vernacular languages
  • The app provides a complaint redressal system in which investors can ask their queries through mail and call and fill their complaints.
  • The app also provides the access to webinars conducted by SEBI.
  • The app has tutorial videos about the basics of investment.

About Security Exchange Board of India

  • The Securities and Exchange Board of India is the highest regulatory body with regards to the functioning of the Security Markets, Stock Exchanges, Commodities Markets, etc. in India.
  • SEBI was formed in 1988 as a non-statutory body.
  • It was made an Autonomous and Independent Regulatory body after the passing of the Securities and Exchange Board of India Act, 1992 by the Indian Parliament.
  • SEBI functions under the Ministry of Finance.
  • SEBI now has statutory powers with regards to regulation of the Securities and Commodities market in India.
  • The main objective of SEBI is to facilitate the growth and development of the capital markets and to ensure that the interests of investors are protected.

Functions of SEBI

The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as

“To protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto.”

Functions of SEBI can be divided into 3 types –

  1. Quasi-Legislative – It drafts regulations in its legislative capacity
  2. Quasi-Executive – It conducts an investigation and enforcement action
  3. Quai-Judicial – It passes rulings and orders in its judicial capacity

Powers of SEBI

  • To regulate and approve by-laws of stock exchanges
  • Inspect the books of accounts of recognized stock exchanges and call for periodical returns
  • Inspect the books of financial Intermediaries.
  • Compel certain companies to get listed on one or more stock exchanges
  • To handle the registration of broker
Print Friendly, PDF & Email


About the author

Chirayu Sharma (Joint Secretary, Students Research & Reporting Advisory Board, Indian Law Watch)

Chirayu is a B A LL.B student from IDEAL Institution of Management and Technology and School of Law, Karkardoma. Chirayu is avid reporter and researcher with Indian Law Watch. He received Honorable Mention Award in URJAA”THE BATTLE OF WORDS” in IIMT and School of Law (18th and 19th October, 2019)

VIEW MORE