SEBI has been given necessary autonomy and authority to regulate and develop an orderly market. Elucidate the statement in the light of statutory powers vested with SEBI.

With regulatory jurisdiction extended over the corporates with respect to issue of capital and transfer of securities, in addition to all intermediaries and persons associated with securities market, SEBI is vested with following statutory powers: protecting the interests of investors in securities, promoting the development of the securities market, and regulating the securities market. Its regulatory jurisdiction extends over corporates in the issuance of capital and transfer of securities, in addition to all intermediaries and persons associated with securities market. SEBI can: specify the matters to be disclosed and the standards of disclosure required for the protection of investors in respect of issues; issue directions to all intermediaries and other persons associated with the securities market in the interest of investors or of orderly development for securities market; and conduct enquiries, audits and inspection of all concerned and adjudicate offences under the Act. In short, it has been given necessary autonomy and authority to regulate and develop an orderly securities market.