Securities & Exchange Board Of India (SEBI)- At a Glance

Introduction

SEBI is a Statutory Body , Under Act 1992 establishment of a Board to protect the interests of investors in Securities & to promote and regulate the Security market.

Established -12 April 1992 under SEBI Act , 1992
Jurisdiction – Government of India
Agency Executive – Upendra Kumar Sinha
SEBI Chairman- Upendra Kumar Sinha was appointed in 2011 replacing C.B.Bhave
Objective- To manage the fraudulent cases and stop fraudulent activities in stock market
Headquarter – Mumbai
Regional offices- Delhi , Kolkata , Chennai , Ahmedabad

Two major functions of SEBI Act, 1992

a. Regulatory Function

b. Development Function

SEBI promotes

a. The development of Securities Market

b. Protect the interests of investors in Securities

c. It is to regulate the Security market

Board members of SEBI

The Chairman (Nominated by Government of India)
Two Board members (Officers Appointed from Finance Ministry)
One member is appointed from RBI (Reserve Bank of India)
The other five member is appointed by the Government of India out of which minimum three of them is shall be Whole Time Member

Designation	Name
Chairman	U.K.Sinha
Whole time Member	Nishant Rathi
Joint Secretary , Ministry of finance	Prakash Chandra
Member Appointed	V.K.Jairath
Deputy Governor , RBI	N.S. Vishwanathan
Secretary , Ministry of Corporate affair	Naved Masood

History of SEBI

Initially SEBI was an Un-statutory Body without having Statutory Power
In 1995 SEBI was given an special Statutory Power by the Government of India under SEBI Act 1992
In 1998 SEBI was constituted as the regulator of Capital Market in India under a Resolution Passed by The Government of India

Roles of SEBI

In 1993 SEBI notified a regulations for the Mutual Fund
SEBI has also issued a Guideline for the Mutual funds from time to time for protecting there interests of investors
All the Mutual Fund which is promoted by Public sector of Private sector is purely monitored by SEBI
SEBI regulate the business in Stock market & any other securities market
It is to promoting investors education and training of intermediaries in Security Market
SEBI disallow insiders trading in Securities Market

SEBI also regulate –

Primary Market
Secondary Market
Mutual Funds
Foreign Institutional Investment (FII)

Three functions rolled into one body

Quasi-Legislative
Quasi-Judicial
Quasi-executive

Role of SEBI in IPO (Initial Public offering)

The rules and regulations related to Public Issues in India /IPO are purely governed by SEBI
Any New Organisation / Company going public in india i.e. Selling of IPO , Should get approval from SEBI
SEBI validate the IPO(Initial Publif offering) and make sure that document has complete information to help investors to take ready decision before applying shares in an IPO.

Major Department’s of SEBI

MIRSD – Market Intermediaries Regulation and supervision Department
DNPD - Derivatives and New Product Department
IVD - Investigation Department
LAD - Legal Affairs Department
IMD - Investment Management Department
ISD - Integrated Surveillance Department
MRD - Market Regulation Department
CFD - Corporation Finance Department