What is the role of SEBI in regulating financial markets in India

SEBI (Securities and Exchange Board of India) plays a crucial role in regulating financial markets in India, ensuring investor protection and maintaining the integrity of the securities market. In the case of the attachment of Arun Panchariya's bank and demat accounts in a GDR (Global Depository Receipts) manipulation case, SEBI's actions are in line with its regulatory objectives. Here are the key points regarding SEBI's role:

• Regulator: SEBI acts as the regulator for securities markets in India, ensuring proper rules and regulations are in place for fair trading practices.
• Investor Protection: SEBI safeguards the interests of investors by implementing measures to enhance transparency, provide relevant information, and prevent fraudulent activities.
• Market Integrity: SEBI ensures the integrity of the securities market by detecting and preventing market manipulation, insider trading, and other fraudulent practices.
• Supervision and Monitoring: SEBI monitors market activities, securities issuers, intermediaries, and related entities to maintain market discipline and protect investors' rights.
• Enforcement: SEBI has the authority to issue regulatory orders, impose penalties, and take legal action against entities found in violation of securities laws to maintain investor confidence and market stability.
• Regulatory Framework: SEBI sets regulations, guidelines, and frameworks to govern various aspects of the securities market, including GDR issues, to ensure compliance and protect investors' interests.

In the case of Arun Panchariya, the attachment of his bank and demat accounts is a result of SEBI's investigation into alleged manipulation of GDRs, aiming to ensure accountability and deter similar fraudulent actions.