About SEBI

Establishment: 1988

Become Statutory Body: 12 April 1992

Headquarters: Mumbai

Chairman: Upendra Kumar Sinha

The Securities and Exchange Board of India ( SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992

REGIONAL OFFICES

Northern: New Delhi

Eastern: Kolkata

Southern: Chennai

Western: Ahmedabad

MEMBERS OF SEBI

1. The chairman who is nominated by Union Government of India.

2. Two members, i.e., Officers from Union Finance Ministry.

3. One member from the Reserve Bank of India.

4. The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.

FUNCTIONS AND RESPONSIBILITY

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

the issuers of securities

the investors

the market intermediaries.

POWERS

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

1. to approve by−laws of stock exchanges.

2. to require the stock exchange to amend their by−laws.

3. inspect the books of accounts and call for periodical returns from recognized stock exchanges.

4. inspect the books of accounts of financial intermediaries.

5. compel certain companies to list their shares in one or more stock exchanges.

6. registration brokers.

There are two types of brokers:

1. circuit broker

2. merchant broker

SEBI committees

1. Technical Advisory Committee

2. Committee for review of structure of market infrastructure institutions

3. Advisory Committee for the SEBI Investor Protection and Education Fund

4. Takeover Regulations Advisory Committee

5. Primary Market Advisory Committee (PMAC)

6. Secondary Market Advisory Committee (SMAC)

7. Mutual Fund Advisory Committee

8. Corporate Bonds & Securitization Advisory Committee