In an attempt to draw attention to India’s flourishing stock market increase financial literacy and investor awareness. The Securities and Exchange Board of India (SEBI), working with significant financial institutions such as BSE, NSE, MCX, NCDEX, CDSL, NSDL, AMFI, ANMI, and CPAI erected the ‘BHARAT KAA SHARE BAZAAR‘ Pavilion for the 42nd India International Trade Fair (IITF), which takes place in New Delhi from November 14–November 27, 2023.
On November 14, 2023, the canopy was officially opened by SEBI Whole Time Member Shri Kamlesh Chandra Varshney, in the presence of significant securities market players. He served as Joint Secretary (Tax Policy and Legislation) in the Department of Revenue of the Government of India before this role. Market Intermediaries Regulation and Supervision Department, Legal Affairs Department-LAD1, Integrated Surveillance Department, Information Technology Department, Recovery & Refund Department, and Special Enforcement Cell are just a few of the departments that Shri Varshney will handle under his supervision.
Over the years, SEBI has led the way in putting investor-friendly policies into place and has made effective use of technology under India’s stock market, the basis of global prosperity. A more open and transparent market has been shaped in large part by initiatives including screen-based trading, rolling settlement, dematerialization of securities, Straight Through Processing, SCORES Mechanism (SEBI complaint Redress System) A centralized grievance redressal mechanism that operates online investors may file, track, and keep a digital record of the status of their complaints with convenience because of to this feature, ASBA facility (Applications Supported by Blocked Amount) is an extra payment option that SEBI, the capital market regulator for India, provides to improve the effectiveness of the current public issue procedure.
Reducing the amount of time between the Issue close date and the share listing is the ultimate goal, KRA mechanism The KRA shall confer with the relevant intermediary, discuss details of its observations, and change the KYC status to either “Modification Rejected and Cleared, if it discovers any of the aforementioned flaws or challenges with the update request, and E-KYC is the resident authentication mechanism used by bank and other similar businesses.
Residents can use Aadhaar to submit it as proof of identity and other details connected to them, utilizing documents like your Aadhaar Card. SEBI has given investor safety and awareness top priority, in addition to technology developments. The regulatory authority has constantly warned the public about unlawful money mobilization schemes and pushed for improved disclosure procedures.
The development of initiatives such as SMARTs demonstrates SEBI’s commitment to investor welfare. Online Dispute Resolution (ODR) is a type of dispute resolution that employs technology to simplify the resolution of conflicts between parties. It primarily involves negotiation, mediation arbitration, or a combination of all three, T+1 Settlement to the security transaction settlement cycle dates, which occur on the transaction date plus one day, and the creation of Investor Service Centers. SEBI has much to offer at the India International Trade Fair than just a static display.
In association with Industry Associations and Market Infrastructure Institutions (MIIs), SEBI will present a plethora of entertaining events, such as live events, skits, puppet performances, and chat programs with industry experts. By giving participants insightful understandings of the nuances of the financial markets and equipping them with the knowledge necessary to make wise investment decisions, these events seek to promote investor education and awareness.
As part of its commitment to fostering a financially literate and investor-aware community, SEBI is demonstrating its presence at the India International Trade Fair.
