THE ROLE OF SEBI IN FACILITATING CORPORATE GOVERNANCE IN INDIA

Abstract

This study examines the Role of SEBI in Facilitating Corporate Governance in India. The Securities and Exchange Board of India (SEBI) plays a pivotal role in shaping and enforcing corporate governance practices in India, ensuring the integrity and transparency of the securities market. Established in 1988 and granted statutory powers in 1992, SEBI's primary objective is to protect investor interests, enhance market confidence, and promote fair practices in the financial markets. SEBI's influence on corporate governance is manifested through its comprehensive regulatory framework, which includes formulating guidelines and regulations for listed companies. Key initiatives include the introduction and enforcement of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, which consolidate various governance norms into a unified framework, enhancing transparency and accountability. SEBI mandates strict disclosure requirements, promoting regular and accurate reporting of financial performance and significant developments, thereby fostering investor trust and informed decision-making.