Securities and Exchange Board of India is a government established in 1988 authority which controls the securities market in India. Indian Parliament passed SEBI Act 1992 in 1992 India which made SEBI a statutory body. SEBI functions to fulfill the requirements of the following three categories.
- Issuers –It provides a marketplace in which the issuers can increase finance properly.
- Investors –It ensure safety and supply of precise and accurate information
- Intermediaries –It enables a competitive professional market for intermediaries.
The headquarters of SEBI is situated in Mumbai. The regional offices of SEBI are located in Ahmadabad, Kolkata, Chennai and Delhi.
Securities and Exchange Board of India is administered by its board of members. The board of SEBI consist of:
- The Chairman by nominated by Government of India
- Two members from finance ministry
- One member from Reserve Bank of India
- Five members nominated by Union Government of India
- To control activities of stock exchange
- To safeguard the rights of stockholders and also to guarantee the security of their investment
- To avoid fraudulence by harmonizing its statutory regulations and self-regulating business.
- To administer and develop guidelines for intermediaries
- It manages the security markets in India
- It analysis the trading of stocks and safes the security market from the malpractices.
- It controls the stockbrokers and sub- stockbrokers
- It provides education regarding market to the investors to enhance their knowledge
- Alternative Investment Policy Advisory Committee (AIPAC)
- Corporate Bonds and Securitization Advisory Committee (CoBoSAC)
- Depository System Review Committee (DSRC)
- Primary Market Advisory Committee (PMAC)
- Qualified Audit Report Review Committee (QARC)
- Risk Management Review Committee (RMRC)
- SEBI Committee on Disclosures and Accounting Standards (SCODA)
- Takeover Regulations Advisory Committee
- Technical Advisory Committee
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