SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

BY

RAHUL YADAV

INTRODUCTION
SEBI has been set up under the SEBI act to (i) protect the interest of the investors in securities and (ii) promote the development of, and regulate, the securities market

ORIGIN OF SEBI
The government of India set up the Securities and Exchange Board of India (SEBI) on 12 April, 1988.
(i) Collect information and advise the government

on matters relating to capital markets; (ii) See to the licensing and regulation of merchant banks, mutual funds etc; (iii) Prepare the legal drafts for regulatory and developmental roles of SEBI.

ESTABLISHMENT OF SEBI
The SEBI is a body corporate. It consists of
(i) A chairman appointed by the Government.
(ii) Two members from amongst officials of the Ministry of Government of India dealing with finance and administration of the Companies appointed by the Government.

(iii) One member from amongst the officials of, and nominated by the RBI. (iv) Five members of whom at least two should be whole time members nominated by the Government.

DEFINITIONS
Board

Chairman
Existing Securities and Exchange Board

 Fund

Member
Notification Securities

OBJECTIVES OF SEBI
Investor protection

Ensuring the fair practices by the issuers of securities, namely, companies so that they can raise resources at least cost.
Promotion of efficient services by brokers, merchant bankers and other intermediaries so that they become competitive and professional.

ORGANIZATION OF SEBI
Primary Market Department
Issue Management Intermediaries Department Secondary Market Department

Institutional Investment Department

Advisory Committee