Securities and Exchange Board of India (SEBI)

The Securities and Exchange Board of India (SEBI) was established in the year 1992 to protect the investors’ interests in securities investment. The board also takes the responsibility to promote the development of the securities market while at the same time regulating them. The board was established in accordance with the Securities and Exchange Board of India Act, 1992. SEBI is headquartered at Mumbai and is having its regional bases in Delhi, Kolkata and Chennai.

The primary functionality of SEBI is to regulate the securities market in India. Mr. M. Damodaran is the chairman of the board. The Securities and Exchange Board of India consists of a number of whole time members and also outside members. Generally, the outside members are represented from the Finance Ministry and Reserve Bank of India.

The three functions that SEBI performs simultaneously are quasi-judicial, quasi-executive and quasi-legislative.

The legislative division of the board drafts the rules; the executive division of the board conducts enquiries and enforces actions and the judicial division passes the orders and rulings.In order to make the board accountable for its policies, there is a Securities Appellate Tribunal. The Tribunal is presently headed by Justice Mr. NK Sodhi. The other two members of the Tribunal are – Mr. Arun Bhargava and Mr. Utpal Bhattacharya.

The functional groups under the Securities and Exchange Board of India are the following:
Issues and Listing
Legal Affairs
Trading
FII
Corp Debt Market
Venture Capital
Demat/Depositories
Mutual Fund
Derivatives
CIS
Portfolio Managers
Takeovers
Prosecution
The legal framework of the Securities and Exchange Board of India includes forming:
Acts
Rules
Regulations
General Orders
Guidelines
Circulars
The board guides the investors by providing information on complaint forms, complaint status, recognition of stock exchanges, relevant addresses, awareness campaign and scheduled workshops.

The orders and rulings generated from the Securities and Exchange Board of India are the following:
Orders of Tribunal (SAT)
Orders of Member (TCN)
Orders of Chairman/Member
Orders of Corporatisation/Demutualisation Scheme
Court Orders
Orders of AO
Summons/Notices
The board also organizes workshops with a goal to educate the investors about the investing processes. The workshop reading materials and workshop presentations are available online from the official website of the board. The board also renders guidances on the Do’s & Don’ts and rights & responsibilities of the investors. Contact Details of Securities and Exchange Board of India: Securities and Exchange Board of India
Plot No.C4-A,’G’ Block,
Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Tel: +91-22-26449000 / 40459000
Fax: +91-22-26449016-20 / 40459016-20

 

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Last Updated on : 27th June 2013

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