The Securities and Exchange Board of India declares in their mission statement that their job is to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Basically, this translates into the Securities and Exchange Board of India maintaining the interests of investors and investment opportunities in order for them to remain fair, transparent and fiscal responsibility on the part of traders and companies alike. It is important for the board that overlooks the management of the Securities and Exchange Board of India remain free from any conflicts of interest and remains impartial in their decision making process. This protects both traders and companies from any undue liability thrust upon them from the board members allegiance to any specific individual or company.
The Security and Exchange Board of India was created by the government of India to help regulate share trading practices and ensure that individuals and companies who exchange securities are covered by laws that protect them. It also promotes fair trading practices within the industry and investigates claims made that are related to share trading and securities investment. It is also responsible for enforcing penalties imposed and pushing legislation that supports reform in the share trading and securities industry.
Since its inception in 1992 the Securities and Exchange Board of India has ensure that the industry has been protected by illegal investment and insider trading. It has ensured that the stock markets that operate within India provide their clientele with a transparent method of overlooking and undertaking business transactions for the benefit of individuals and companies. It is also responsible for ensuring trade is conducted fairly and in a mutually beneficial faction for both parties who undertake a securities based transaction. It is the first line and the last line in regards to the protection of those involved with securities exchange transactions in India.