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The Securities and Exchange Board of India (SEBI) is a regulatory body that oversees the securities market in India. It is responsible for regulating the issuance and trading of securities, protecting the interests of investors, and promoting the development of the securities market.
It is not uncommon for regulatory bodies like SEBI to issue directives or take action against individuals or companies that are found to be in violation of regulations or laws. In the statement "Sebi to banks: Attach Sahara firm, Roy accounts," the mention of attaching accounts suggests that SEBI has ordered banks to freeze or seize certain accounts belonging to a company called Sahara and an individual named Roy. This could be a legal action taken in response to a violation of securities regulations or as part of an ongoing investigation.
