With the growth in the dealings of stock markets, lot of malpractices also started in stock markets such as price rigging, an unofficial premium on new issue, and delay in delivery of shares, violation of rules and regulations of stock exchange and listing requirements. Due to these malpractices the customers started losing confidence and faith in the stock exchange. So government of India decided to set up an agency or regulatory body known as Securities Exchange Board of India (SEBI).
The Securities and Exchange Board of India (SEBI), a statutory body appointed by an Act of Parliament (SEBI Act, 1992), is the chief regulator of securities markets in India.
The Preamble of the 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 the development of, and to regulate the securities market and for matters Connected there with or incidental there to".
Investment advice and Investment adviser
Any person who proposes to provide investment advice as defined under the regulations or Who qualifies under the definition of “Investment Adviser” shall be required to obtain a registration certificate from SEBI in order to continue to do this activity. Investelite Research is SEBI registered investment advisor our SEBI registration number INA000009959.
The term “investment advice” has been specifically defined under the regulations. It means Any form of advice provided in relation to investment, purchase, sale or dealing in securities Or investment products. It also includes advice on a portfolio of securities or investment Products and financial planning. Such advice may be provided as a written advice or an oral Recommendation.
In Investelite Research SEBI registered investment advisor we Provide investment advice through SMS on Clients registered Mobile number.
