Securities and Exchange Board of India (SEBI) protects the interests of investors in securities and encourages the growth and development of the securities market. SEBI is managed by its members, which includes a Chairman, two Officers from Union Finance Ministry, one member from RBI, five members are nominated by Union Government of India. The key objectives of SEBI are: investor protection, regulation of stock markets in India, check for insider trading and control the financial Intermediaries.
SEBI
SEBI is the regulator for the securities market in India. SEBI was officially set up by The Government of India in the year 1988. Before SEBI was born, Controller of Capital Issues was the regulatory authority, it derived authority from the Capital Issues (Control) Act, 1947.
Functions of SEBI
Securities and Exchange Board of India (SEBI) is actually an apex body for all round development and regulation of the securities market in India. SEBI aspires to eliminate the bad practices prevalent in the Indian capital market and build an environment to facilitate mobilization of resources through the securities market.
Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India (frequently referred to as SEBI) was established in 1988 and given statutory powers on 12 April 1992. At first SEBI was a non statutory body with no statutory power. SEBI has relished success being a regulator by pushing systematic reforms boldy and successively. In this article we have discussed about the departments of SEBI, powers and functions of SEBI, and guidelines issued by Securities and Exchange Board of India (SEBI).