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1.Securities and Exchange Board of India (SEBI) from time to time, has been issuing various circulars for effective surveillance of the securities market. 2. In order to enable the users to have an access to all the applicable circulars at one place, the Master Circular on Surveillance of Securities Market has been prepared. 3. This Master Circular is a compilation of the circulars issued by Integrated Surveillance Department, which are operational as on date of this circular. 4. The list of applicable Circulars has been appended. In case of any inconsistency between the Master Circular and the applicable circulars, the content of the relevant circular shall prevail.