AN EMPIRICAL STUDY ON RECEIPT AND REDRESSAL OF GRIEVANCES (with Special Reference to SEBI)

Dr. Jeelan Basha.V

Volume : VI, Issue : I, January - 2017

AN EMPIRICAL STUDY ON RECEIPT AND REDRESSAL OF GRIEVANCES (with Special Reference to SEBI)

Dr. Jeelan Basha. V

Abstract :

For a growing and dynamic economy like India, capital markets play an important role in not just attracting domestic and foreign investment but also mirror the state of affairs in our country. In order to present the Indian dream favorable hub of investors, it is important that our capital markets have a strong and non-manipulative infrastructure. To ensure this, there is Securities and Exchange Board of India (SEBI) - capital market regulator of India. With the advent of new technology, SEBI will have to continuously upgrade its manpower and improve its capacities to deal with situations of corporate frauds.

The objectives are to study on receipt and redressal of grievances by SEBI and also provide findings/ results based on analysis. The study is analytical in nature and used secondary data analysis to attain its objectives. The data used for the study covers seventeen years from 1997-98 to 2014-15. Both descriptive and inferential statistics are used. , it is concluded that SEBI is expediting its action taken against companies under different categories witnessing Compound Annual growth rate of 19.45% during the study period. Receipt of grievances and its redressal by SEBI are declined over the study period evidencing-0.08035 and -0.10303 respectively. Hence, it is understood that SEBI is effectively regulating as watch dog.