SEBI

Security Exchange Board Of

India
History
 The World Bank and the International
Monetary Fund (IMF) have introduced a
benchmark i.e., Financial Services Assessment
Programme (FSAP)

 The Securities and Exchange Board of India ,

set up in1988 under a administrative
arrangement ,given statutory powers with the
enactment of the SEBI Act 1992.
 The SEBI got legal teeth through ordinance
issued on 30 january 1992.

 The ordinance was repealed by the SEBI Act

on 4 april, 1992.
 SEBI The Securities and Exchange Board of
India (SEBI ) is the regulator for the securities
market in India. It was formed officially by the
Government of India in 1992 with SEBI Act
1992 being passed by the Indian Parliament.
Introduction
 Supervision of board:-
 The Board of SEBI may be superseded by

central
governmrnt if it is of the opinion that ,on
account of
grave emergency,the board is unable to
discharge
the functions and duties imposed on it under
the
provisions of the Act.
 Important role of SEBI:
 Important role of SEBI Power of the board to

order investigation Power of investigating

authority Prohibition to dealing in certain
securities Prohibition of unfair trade practice,
fraudulence Duty to co-operate
Composition Of SEBI Board
 The board consists of a chairman , two
members from the govt. of india,ministries of
law and finance,one member from the RBI.

 Two other member oppointed by the central

government who hav good knowledge of
security market.
Objectives Of SEBI
 The three main objectives are-

 To protect interest of investors in security.

 To promote the development of securities

market.
 To regulate the securities market.