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State any three ‘Development functions’ of Securities and Exchange Boards of India (SEBI).

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Developmental Functions: The following are the developmental functions of the SEBI:

i. To impart training to the intermediaries. (Intermediaries include share brokers, Sub-brokers, Share Transfer Agents, Issue Registrars, Merchant Bankers, Portfolio Managers, etc.)

ii. To develop the capital market by adapting a flexible approach.

iii. To carry on research work and publish different kinds of information for the convenience of all the parties operating in the capital market.

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