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The document discusses the role and functions of the Securities and Exchange Board of India (SEBI). SEBI was established in 1988 as the regulator of the securities market in India. Its key roles include regulating stock exchanges, registering and regulating intermediaries like brokers, regulating mutual funds and takeovers, and promoting investor education. SEBI has regulatory and developmental functions, and powers to regulate the market like calling for information and approving stock exchange rules. The

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