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Everything You Need to Know About Regulatory Bodies of the Indian Stock Market

Regulatory Bodies

If we have to explain the Indian stock market in one word, then it’d be “dynamic.” It has impressive growth potential and is governed by a robust regulatory framework designed to safeguard your interests, maintain market integrity, and promote transparency.

At the epicentre of this framework are a handful of regulatory bodies that are tasked with overseeing various aspects of the capital markets. Join us as dive deep into every aspect of the regulatory bodies of the Indian stock market with a focus on the role of SEBI-Registered Research Analyst Ashutosh Bhardwaj in ensuring compliance and facilitating informed investment decisions.

Securities and Exchange Board of India (SEBI)

At the helm of India’s regulatory structure for capital markets, we’ve got the Securities and Exchange Board of India (SEBI). Established in 1988, SEBI works as a statutory body that regulates and oversees the securities markets in India. Here’s what it does:

  1. Regulation and Supervision: SEBI formulates rules and regulations that govern various market participants, including stock exchanges, brokers, listed companies, and last but certainly not least, investors. Other than that, it conducts inspections and audits to ensure proper cooperation with regulatory requirements.
  2. Investor Protection: SEBI safeguards the interests of the investors by promoting fair practices, preventing fraudulent activities, and enhancing transparency in the securities markets.
  3. Market Development: SEBI plays a crucial role in the development and growth of the Indian capital markets by introducing reforms, facilitating innovation, and encouraging education and awareness among investors.

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are the two premier stock exchanges in India where equity shares, derivatives, bonds, and other financial instruments are traded.

Both these exchanges operate under the regulatory oversight of SEBI and have distinct operational frameworks and trading mechanisms.

  1. NSE: Established in 1992, NSE is reportedly the largest stock exchange in India, especially when you consider trading volume and market capitalization. Apparently, it operates an automated trading system that is renowned for its technological infrastructure and product innovation.
  2. BSE: Founded in 1875, BSE is Asia’s oldest stock exchange. It operates on a trading floor system known as BOLT (BSE Online Trading) that to this day remains a key player in the Indian Financial ecosystem.

Securities Appellate Tribunal (SAT)

The Securities Appellate Tribunal (SAT) is the appellate authority for decisions made by SEBI. It provides a forum for aggrieved parties to challenge regulatory actions or sanctions. Established under the Securities and Exchange Board of India Act, 1992, SAT works independently of SEBI and has the jurisdiction to hear appeals against SEBI’s orders that are related to regulatory enforcement, disciplinary actions, and market misconduct.

  1. Adjudication of Disputes: SAT is committed to adjudicating disputes between market participants and regulatory authorities. It makes sure that there is fair and impartial resolution of conflict. Its judicial functions contribute to the overall integrity and credibility of the regulatory framework, fostering investor confidence in the process.
  2. Judicial Review: SAT is responsible for conducting a judicial review of SEBI’s decisions to examine the legality, procedural fairness, and substantive merits of regulatory actions. Through its jurisdiction, SAT provides a mechanism for corrective measures in cases of perceived regulatory overreach, thereby upholding the principles of natural justice.

The Wisdom of SEBI-Certified Research Analysts

If you are looking for sources to get valuable insights and research reports, then you’ve got to trust a certified research analyst. They are the ones you need in order to make informed investment decisions. Platforms like Logical Nivesh, which is apparently run by Ashutosh Bhardwaj can offer you relevant information in the easiest and most reliable way possible.


The regulatory landscape of the Indian stock market is characterized by the proactive oversight of regulatory bodies like SEBI, the operational efficiency of stock exchanges like NSE and BSE, and the invaluable contributions of SEBI-Registered Research Analysts such as Ashutosh Bhardwaj of Logical Nivesh.

By adhering to regulatory standards and making the best out of reliable information, these regulatory bodies contribute to the resilience of the Indian capital markets.

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