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ESTABLISHMENT OF SEBI

The Securities and Exchange Board Of India was established on 12 April,1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992

PREAMBLE

The preamble of Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as

"...to protect the interests of investors in securities and to promote development of, and to regulate the securities market and for matters connected therewith or incidential thereto"