ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Challenges before Securities and Exchange Board of India

Board of India L C Gupta In its critical assessment of the regulatory effectiveness of the Securities and Exchange Board of India, the author finds the stock market still plagued by price-rigging, opaqueness of trade and a ubiquitous sub-broker system. Even the guidelines designed to protect investors' interests fail in their objective. The SEBI can ensure effectiveness by instituting collective decision-making in its functioning and by insisting on better monitoring of corporate governance.

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