MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) Mumbai Stock Exchange (BSE) does not have data on the number of investors for the last
10 years. However, data is available since 2004 when client code registration was introduced.
The data since 2004 would indicate that there has been a steady increase in the number of
client code registrations in the last 7 years, during which such registrations increased by
around 28 times, as would be evident from the table below.
SI.No. Registration of client code Nos.
1 Upto 31-12-2004 636,509
2 Upto 31-12-2005 13,29,675
3 Upto 31-12-2006 35,07,287
4 Upto 31-12-2007 92,24,804
5 Upto 31-12-2008 1,36,70,565
6 Upto 31-12-2009 1,62,23,436
7 Upto 31-10-2010 1,84,28,313
(b) does not arise.
(c) Under the provisions of the Securities & Exchange Board of India (SEBI) Act 1992,
SEBI has been mandated to protect the interest of investors in securities and to promote the
development of,and to regulate the securities market. Towards the achievement of this
objective, SEBI has framed various regulations / guidelines under the SEBI Act 1992, the
Companies Act 1956, the Securities Contracts (Regulation) Act, 1956 and Depositories Act
1996.SEBI adopts a multi pronged approach to investor protection that focuses on quick
redressal of investor grievances, educating investors to enable them to take informed
investment decisions, taking deterrent enforcement actions against errant entities, promoting
investor associations, compensating investors for defaults and identifying systemic causes of
investor grievances and rectifying them so as to improve the confidence of the common
investors.