Question 2GS2GS2

Securities and Exchange Board of India (SEBI) is a statutory body formed in 1992. It is a quasi-legislative and quasi of political body by passi andes, quasi, passing penalties etc. to ensure that the interests of investors are protected and also ensures the development and regulation of financial markets.

Main Body

Functions performed by SEBI: It performs functions for 2 benf are - (1) ISSUERS - help to raise fixable (stockes brokers) invest trust money and protect their interests (2) Intermediaries => promote a competitive healthy shares market & healthy shares market Impact financial coercion to investors. It pretects the interests of the investors by strict regulation over share market and throws various innovations - SCORES platform - grievance federal Regulation over illegal activities like insider trading, fraudulent practices. Securities Appellate Tribunal => any aggrieved party from SEBI is chosen can appeal in SAT.

— LAVANYA GAUR · AIR 57

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Topper

LAVANYA GAUR

AIR 572024

Subject & Paper

GS2GS2

Topic

Statutory, Regulatory and Quasi-judicial Bodies

Regulatory Bodies

Securities and Exchange Board of India

Writing Stats

Total words

Paragraphs

formal

Tone

Linked PYQ

Vinod is an honest and sincere IAS officer. Recently, he has taken over as Managing Director of the State Road Transport Corporation, his sixth transfer in the past three years. His peers acknowledge his vast knowledge affability and uprightness. The Chairman of the State Road Transport Corporation is a powerful politician and is very close to the Chief Minister. Vinod comes to know about many alleged irregularities of the Corporation and the high-handedness of the Chairman in financial matters. A Board Member of the Corporation belonging to the Opposition Party meets Vinod and hands over a few documents along with a video recording in which the Chairman appears to be demanding bribe for placing a huge order for the supply of QMR tyres. Vinod recollects the Chairman expediting the clearing of pending bills of QMR tyres. Vinod confronts the Board Member as to why he is shying away from exposing the Chairman with the so-called solid proof he has with him. The members inform him that the Chairman refuses to yield to his threats. He adds that Vinod may earn recognition and public support if he himself exposes the Chairman. Further, he tells Vined that once his party comes to power, Vinod’s professional growth would be assured. Vinod is aware that he may be penalised if he exposes the Chairman and may further be transferred to a distant place. He knows that Opposition Party stands a better chance of coming to power in the forthcoming elections. However, he also realises that the Board Member is trying to use him for his own political gains. (a): As a conscientious civil servant, evaluate the options available to Vinod. (b): In the light of the above case, comment upon the ethical issues that may arise due to the politicization of bureaucracy.

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