It was established by the Government of India on 12 April 1988 as an interim administrative body to promote orderly and healthy growth of the securities market and for investor protection. It was given statutory status in 1992 through an Act of Parliament.
(I) Identify the regulatory body which has been highlighted above.
(II) State the three objectives of the regulatory body identified in part (I).
(III) State any two functions that are performed for the development of the securities market by the regulatory body identified in part (I).