The objective of SEBI
is to protect interest of the companies.
Ans. False.
Reasons:
The main objectives of
SEBI are as under.
1. To
promote fair dealing by the issue of securities and to ensure a market place
where (they) companies or institutions can raise funds at relatively low cost.
2. To
provide protection to the investors and protect their rights and interests so
that there is a steady flow of savings into the market.
3. To
regulate and develop a code of conduct and fair practices by intermediaries
like brokers etc. with a view to make them competitive and professional.
4.
It aims at protection to investors and safeguard the rights and interest of
small to big investors alike.
5.
It aims to provide a code of conduct of all the players in the market like
brokers and provide the best of professional and competitive atmosphere in the
Indian Capital market.
6. SEBI therefore is more pro – investor than pro – company.