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Explain the powers SEBI has been vested with for discharging of its functions efficiently.

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SEBI has been vested with the following powers: 

1. To make and approve by-laws of stock exchanges. 

2. To enquire the stock exchange to amend their by-laws. 

3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges. 

4. Inspect the books of accounts of financial intermediaries. 

5. Compel certain companies to list their shares in one or more stock exchanges. 

6. Levy fees and other charges on the intermediaries for performing its functions. 

7. Grant license to any person for the purpose of dealing in certain areas. 

8. Delegate powers exercisable by it. 

9. Prosecute and judge directly the violation of certain provisions of the Companies Act. 

10. Power to impose monetary penalties.

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