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This user manual provides instructions on how to use the Springer Nature Word template effectively. It is intended as a guide for Springer Nature book and chapter authors in understanding how the template functions. This user guide has been prepared in the form of a sample chapter which at the same time explains the different features offered by this tool. The concept of stock trading in India can be dated back to the eighteenth century. It was only in 1925 that first legislation to govern security trading was passed, Bombay Securities Contracts Control Act, 1925 (“BSCC Act”) with an objective to safeguard public interest. Though this Act failed miserably in achieving its objective. With independence came the legislation governing Securities in the Indian Capital markets, however there were a lot of aspects that had been untouched by the said legislation. With the implementation of the Liberalization and Globalization policy, India became a hub for foreign direct investments and Indian companies also started raising more capital through the markets in order to join the race of the developed economies. There was no such governing body until 1988 which could regulate the entire security market in India. However, with the formulation of the Securities and Exchange Board of India in 1988 and Securities and Exchange Board of India Act in 1992, a lot of revolutionary change came into the legal framework of different aspects of the financial market. Government very smartly slipped in the provision of formulation of Securities Appellate Tribunal in order to keep a check on the powers of the SEBI. With time, SAT has kept on intervening in instances where SEBI has overstepped while adjudicating a matter. This present paper focuses on the scam which took place in the capital markets in the last decade and decoding instances where both SEBI through formulation of different regulations and SAT by assessing the orders of the SEBI has intervened in the domain of the capital market to ensure the trust of the investors and protect their funds.

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Capital Market in India and Regulatory Tussle Between SEBI and SAT

  • 章节

  • 发表日期：

    2026年

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  • Milan Prajapati,
  • Manisha Patawari

摘要

This user manual provides instructions on how to use the Springer Nature Word template effectively. It is intended as a guide for Springer Nature book and chapter authors in understanding how the template functions. This user guide has been prepared in the form of a sample chapter which at the same time explains the different features offered by this tool. The concept of stock trading in India can be dated back to the eighteenth century. It was only in 1925 that first legislation to govern security trading was passed, Bombay Securities Contracts Control Act, 1925 (“BSCC Act”) with an objective to safeguard public interest. Though this Act failed miserably in achieving its objective. With independence came the legislation governing Securities in the Indian Capital markets, however there were a lot of aspects that had been untouched by the said legislation. With the implementation of the Liberalization and Globalization policy, India became a hub for foreign direct investments and Indian companies also started raising more capital through the markets in order to join the race of the developed economies. There was no such governing body until 1988 which could regulate the entire security market in India. However, with the formulation of the Securities and Exchange Board of India in 1988 and Securities and Exchange Board of India Act in 1992, a lot of revolutionary change came into the legal framework of different aspects of the financial market. Government very smartly slipped in the provision of formulation of Securities Appellate Tribunal in order to keep a check on the powers of the SEBI. With time, SAT has kept on intervening in instances where SEBI has overstepped while adjudicating a matter. This present paper focuses on the scam which took place in the capital markets in the last decade and decoding instances where both SEBI through formulation of different regulations and SAT by assessing the orders of the SEBI has intervened in the domain of the capital market to ensure the trust of the investors and protect their funds.