SEBI(Securities and Exchange board of India) is the stock market regulator, and it came into existance in April 12, 1988 as a non statutory body. It was given statury status in Jan 30,1992.
The Securities and Exchange Board of India (SEBI) is the regulator of the securities and commodity market in India owned by the Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.