Published Paper Details:

The Securities and Exchange Board of India (SEBI) has emerged as a cornerstone in defining and molding the framework of the Indian securities market. This research paper delves into the audacious journey of SEBI, tracing its pivotal role in establishing the intricate securities market system in India. By scrutinizing the nature of the Indian securities market and dissecting SEBI's multifaceted role, this study aims to provide a comprehensive understanding of the market dynamics. Additionally, the paper explores the challenges encountered by SEBI in its regulatory endeavors. The Indian securities market, characterized by its complexity and dynamism, has undergone significant transformations over the years. SEBI, as the regulatory watchdog, has been instrumental in shaping the contours of this market ecosystem. The paper begins by exploring the historical evolution of the Indian securities market, highlighting key milestones and regulatory shifts that have influenced its current structure. A critical analysis of SEBI's role unfolds, emphasizing its proactive measures in maintaining market integrity, ensuring investor protection, and fostering transparency. SEBI's functions extend beyond mere regulatory oversight; it actively contributes to the development and enhancement of market infrastructure. By implementing innovative policies and frameworks, SEBI has sought to strike a balance between fostering market growth and safeguarding investor interests. Furthermore, the study delves into the challenges faced by SEBI in fulfilling its regulatory mandate. From addressing market volatility to adapting to technological advancements, SEBI navigates a myriad of challenges inherent to the ever-evolving financial landscape. The paper explores the regulatory dilemmas faced by SEBI, such as striking a balance between innovation and risk mitigation, and the ongoing quest for effective enforcement mechanisms. The paper also sheds light on the global context, drawing comparisons with international regulatory frameworks. By benchmarking SEBI's practices against global standards, this research contributes to the ongoing discourse on regulatory convergence and divergence. Understanding the global landscape provides insights into potential areas of improvement for SEBI and identifies best practices that can be adopted to enhance the efficiency of the Indian securities market.In conclusion, this research paper serves as a comprehensive analysis of the Indian securities market, focusing on the instrumental role played by SEBI in its evolution. By examining the nature of the market, evaluating SEBI's functions, and addressing the challenges encountered, the paper offers valuable insights for policymakers, market participants, and scholars. The findings contribute to the broader discourse on regulatory frameworks, offering a nuanced understanding of the delicate balance required to foster a thriving securities market while safeguarding the interests of all stakeholders.