A stock market is a platform where buyers and sellers meet in order to buy or sell shares/ certificates of a company.
A stock market is required to allow organised buying and selling. It organises the buyers and sellers according to their requirements in a transparent manner. If there is no stock market, the entire process would end up in choas.
SEBI stands for Securities and Exchange Board of India.
It can execute its power only on public limited companies.
The main role of SEBI is to maintain transparency and give approval for companies to give IPO
SEBI plays a regulatory role in giving resolutions in terms of conflicts.
Share holders and companies along with SEBI are the key players in stock market.