1. Introduction to SEBI The Securities and Exchange Board of India (SEBI) is the principal regulator of the securities market in India. It was established in 1988 as a non-statutory body and later given statutory status on April 12, 1992 , through the SEBI Act, 1992 . SEBI was formed to protect investors, regulate the securities market, and promote its orderly development. 2. Role of SEBI in Controlling the Stock Market SEBI exercises control over the stock market through various regulatory mechanisms: 2.1. Regulation of Market Participants SEBI regulates different participants in the stock market, including: Stock Exchanges (e.g., BSE, NSE) Brokers and Sub-Brokers Mutual Funds Foreign Institutional Investors (FIIs) Investment Advisors and Analysts Credit Rating Agencies 2.2. Implementation of Rules and Guidelines SEBI issues guidelines related to: Insider Trading (to prevent unfair advantage from confidential information) Listing and Delisting of Securities (ensuring proper...