The capital market in India stretches back to the 18th century, when East India Company securities were exchanged. The Indian capital market has come a long way from its inception in the early 1900s. The SEBI legislation of 1992 created India's securities and exchange board, or SEBI, as a regulator of the country's stock markets. SEBI's principal responsibilities include safeguarding the interests of investors and developing and regulating the Indian securities markets. SEBI was established in 1999. A new set of reforms by SEBI can bring India up to par with other major global capital markets in terms of market fairness and freedom. In order to make this possible, it must reexamine its internal structure and operation in great detail. SEBI must balance the costs of regulation with the benefits of market expansion.. Investors' faith in the Indian Capital Market has been undermined by the global economic slump, depressions, mal-practices, and other frauds in the Capital Markets. Because of the rapid globalisation of financial markets, SEBI's function as a regulator and market development has grown increasingly difficult. Several important points are made in this article, including the importance of SEBI in investor protection policies, as well as current market trends and the evolution of investor protection laws over the last two decades.

KEYWORDS: Securities Exchange Board of India, Stock Exchange, Capital Market.