Study Notes: Banking and Finance |

Dear BA’ins,

Today in the study Notes we Discuss about SEBI

The Securities and Exchange Board of India

The Securities and Exchange Board of India (SEBI) is the
regulator for the securities market in India

“Its Basic function is to protect the interests of investors
in securities and to promote the development, and to regulate the securities
market and for matters connected there with or incidental there to”

The Securities and Exchange Board of India was established
on April 12, 1992 in accordance with the provisions of the Securities and
Exchange Board of India Act, 1992.

SEBI has to be responsive to the needs of three groups,
which constitute the market:

The issuers of securities

The investors

The market intermediaries.

Headquarters

Its headquarters at
the business district of Bandra Kurla Complex in Mumbai (Maharashtra), and has Northern,
Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai
and Ahmedabad respectively. It has opened local offices at Jaipur and Bangalore.

Management of the Board.

The Board shall consist of the following members, namely: –

(a) A Chairman;

(b) Two members from amongst the officials of the [Ministry] of the Central Government dealing with Finance

(d) Five other members of whom at least three shall be the
whole-time members to be appointed by the central Government.

Chairman- Upendra Kumar Sinha

Powers

For the discharge of its functions efficiently, SEBI has
been vested with the following powers:

– To approve by−laws of stock exchanges.

– To require the stock exchange to amend their by−laws.

– Inspect the books of accounts and call for periodical
returns from recognized stock exchanges.

– Inspect the books of accounts of financial intermediaries.