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
regulator for the securities market in India
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.
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:
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.
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.
(a) A Chairman;
(b) Two members from amongst the officials of the [Ministry]
of the Central Government dealing with Finance
(c) One member from amongst the officials of [the Reserve
Bank];
Bank];
(d) Five other members of whom at least three shall be the
whole-time members to be appointed by the central Government.
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:
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.
returns from recognized stock exchanges.
– Inspect the books of accounts of financial intermediaries.
– Compel certain companies to list their shares in one or
more stock exchanges.
more stock exchanges.