law: Securities and Exchange Board of India Act, 1992
  11.Functions of
  
  Board.- 
  (1) Subject to the provisions
  
  of this Act, it shall be the duty of the Board to protect the interests of
  
  investors in securities and to promote the development of, and to regulate the
  
  securities market, by such measures as it thinks fit.
  (2) Without prejudice
  
  to the generality of the foregoing provisions, the measures referred to therein
  
  may provide for- 
  (a)
  
  regulating the business in stock exchange and any other securities markets;
  
  
  (b) registering and regulating the working of stock brokers, sub-brokers, share
  
  transfer agents, bankers to an issue, trustees of trust deeds, registrars to an
  
  issue, merchant bankers, underwriters, portfolio managers, investment advisers
  
  and such other intermediaries who may be associated with securities markets in
  
  any manner;
  (c)
  
  registering and regulating the working of collective investment schemes,
  
  including mutual funds;
  (d)
  
  promoting and regulating self-regulatory organizations;
  (e)
  
  prohibiting fraudulent and unfair trade practices relating to securities
  
  markets;
  
  (f) promoting investors' education and training of intermediaries of securities
  
  markets;
  
  (g) prohibiting insider trading in securities;
  (h)
  
  regulating substantial acquisition of shares and take-over of companies;
  
  (i) calling for information from, undertaking inspection, conducting inquiries
  
  and audits of the stock exchange and intermediaries and self-regulatory
  
  organizations in the securities market;
  (j)
  
  performing such functions and exercising such powers under the provision of the
  
  Capital Issues (Control) Act, 1947 (29 of 1947) and the Securities Contracts
  
  (Regulation) Act, 1956, (42 of 1956) as may be delegated to it by the Central
  
  Government;
  (k)
  
  levying fees or other charges for carrying out the purposes of this section;
  
  (l) conducting research for the above purposes;
  (m)
  
  performing such other function as may be prescribed.