SEBI Annual Report
SEBI's Annual Report is a comprehensive statutory document published each year covering market developments, regulatory initiatives, enforcement statistics, investor education activities, and financial accounts of SEBI, serving as the primary source of authoritative data on the Indian securities market.
SEBI is required by Section 18 of the SEBI Act 1992 to submit an annual report to the Central Government, which is then laid before both Houses of Parliament. The report provides the most comprehensive publicly available compilation of data on the Indian securities market and SEBI's regulatory activities. It is released typically around October-November for the preceding financial year (April-March).
The report is structured around several major sections: (a) macroeconomic overview of the Indian economy and global financial markets; (b) review of primary market activity — including IPO data, QIP issuances, rights issues, and debt capital markets; (c) secondary market statistics — equity, derivatives, currency, and commodity trading volumes, market capitalisation, and investor participation trends; (d) investor services — SCORES grievance data, investor education programmes, and IEPF activities; (e) regulation of intermediaries — registration statistics, inspections, and disciplinary actions; (f) enforcement — details of SEBI orders, penalties collected, debarments, and prosecutions launched; and (g) international cooperation — MOUs with foreign regulators and activities at IOSCO.
For researchers and analysts, SEBI's Annual Report is an invaluable primary source. The enforcement chapter provides granular data on the number of adjudication proceedings initiated and completed, total penalties imposed, disgorgement amounts, and the breakdown of violations by category. Market infrastructure data covers exchange membership, clearing member statistics, and depository account growth.
The SEBI Annual Report also includes SEBI's audited accounts, disclosing the regulator's income (primarily from fees and penalties), expenditure, and the size of the SEBI General Fund and the Investor Protection and Education Fund (IPEF). The report is freely available on SEBI's website (sebi.gov.in) and is a mandatory reference for anyone preparing market structure analysis, regulatory filings, or capital market research.