Stock Exchanges in India are under the control of ____________.

The stock market in each country now is governed/controlled by the corresponding governing bodies in that country. Ex: SEC (Securities Exchange Commission) for USA , SEBI (Securities & Exchanges Board of India) for India. Earlier Stock Exchanges in India were continued to be regulated directly by the Government of India. In the year 1988 the Government of India constituted SEBI to act as the independent regulator of Stock exchanges, the primary market, Mutual Funds etc. Securities Scam of 1990-91 mastered by the stockbroker Harshad Mehta, exposed by journalist Sucheta Dalal, prompted Government to make SEBI a statutory and autonomous regulatory board with responsibilities, to cover both development & regulation of the market.