1. Mr. Rajeev Mehta was the Chairman of Topaz Bank. The bank was earning fairly well and shareholders were receiving regular dividends. The market price of their shares was performing well. The bank was about to announce taking over the ‘AME Bank.’ Mr. Rajeev Mehta expected that the market share of their bank would rise once the takeover is announced in the public. Being a part of the bank, Rajeev was not allowed to buy shares of Topaz bank. He called one of his wealthy friend Rashid and asked him to invest Rs.5 crores in shares of his bank promising him the capital gains. As expected, the share prices went up by 40% and the market price of Rashid’s shares was now? 7 crores. He earned a profit of Rs. 2 crores. He gave Rs. 1 crore to Mr. Sanjay Nehra and kept Rs. 1 crore with himself. On regular inspection and by conducting inquiries of the brokers involved, the Securities and Exchange Board of India (SEBI) was able to detect this irregularity. The SEBI imposed a heavy penalty on Rajeev Mehta. In context to the above situation identify and elaborate the functions that were performed by SEBI (10 Marks) 

The answer should be a min of 800 Words or else not consider. Please prepare as per requirement