Securities and Exchange Board of India (SEBI)
In India, the securities market is regulated by the Securities and Exchange Board of India, alternatively known by the acronym, SEBI. It was formed in 1988 and made into a statutory board on 12th Aoril 1992 via the passing of the SEBI Act of 1992. It is headquartered in Mumbai’s BKC Complex (Bandra-Kurla Complex). It has its northern, southern, western and eastern regional offices in New Delhi, Chennai, Ahmedabad and Kolkata respectively. Besides that, it has local offices at Jammu, Chandigarh, Lucknow, Kochi, Bangalore, Patna and in many other cities. Before SEBI came into being, the regulatory authority for securities in India was the Controller of Capital Issues. The current chairman of SEBI is Ajay Tyagi.