Abstract
SEBI was set up in the year 1988 and hind to wait for almost four years before Securities and Exchange Board of India ordinance, 1992 was promulgated in the of that year followed by Securities and Exchange Board of India Act, 1992 conferring statutory powers. The SEBI act made provisions for establishment a Board with the twin major objectives: Promotion Development and Regulation of Securities market and Investor protection with regards to investor protection, no doubt SEBI the securities market to watch dog made an impact as investor felts that finally they had someone to complain to with regard to their grievances and problems. The study aims to measure the investors’education and their grievance redressal with reference to Securities and Exchange Board of India. With a developing financial market in India, there is an urgent need for more involvement of investors about the education and the grievance redressal in the financial market. Hence, it is important to enable them, depending on their needs, to understand the role of education, money, the need and use of savings, the advantages of using the formal financial sector and the various options to convert their savings into investments, the protection available to them. A realistic recognition of the attributes of these options, with the aim of spreading financial literacy, SEBI has been conducting following programmes across the country. SEBI has been taking various steps including regulatory measures to facilitate the redressal of investor grievances. The grievances lodged by investors are taken up with the respective listed company or intermediary and monitored on a regular basis.
Keywords: SEBI, education, financial literacy, ATR.
References
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