Abstract

The securities market in India is regulated by the Securities and Exchange Board of India constituted under the Securities and Exchange Board of India Act, 1992. The Board has to protect interests of investors and promote and regulate the securities market. Recently, the Parliament of India has passed the Securities Laws Act, 2014, in order to give more powers to the Board for calling for information for any person including banks or any other authority, calling for information from any outside authority and search and seizure. It can regulate any Ponzi or money collecting scheme, access call data records of people involved in such illicit schemes and arrest defaulters. The Act has also allowed for setting up special courts to fast track the investigation and prosecution in matters relating to securities market. The case of Sahara Group companies and NSEL is the most important case, which has made headlines worldwide. The present chapter will give an overview of securities market in India to the readers. It will give an insight into trends in the primary and secondary market, different issues in securities market in India and their regulation including recent scams and investigations undertaken by SEBI.