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* The head office of the board is situated in Mumbai & its
regional offices are at Delhi, Calcutta and Chennai.
ë The board consists of :-:- a Chairman;
ë Two members from the ministries of the central
government dealing with finance & law;
ë One member from the Reserve Bank of India;

ë Five other members of whom at least three shall be the


full time members appointed by Central government.
ë Chairman & other members ± persons of ability, integrity
& standing having special knowledge or experience of
law,finance,economics,accountancy,administration or
other discipline which in the opinion of central govt, shall
be useful to SEBI.
2    
 
 
 
2  

 
 
i. Regulate the business in stock exchange &
other securities markets.
ii. Registering and regulating the working of the
depositories ,participants ,foreign institutional
investors & other intermediaries,as board may
specify.
iii. Registering and regulating the working of
venture capital funds and collective investment
schemes, including mutual funds.
iv. Registering & regulating self regulatory
organisations(SRO).
v. Prohibiting fraudulent & unfair trade practices
related to securities market.
vi. Promoting investors education and training of
intermediaries of securities markets.
vii. Prohibiting insider trading in securities.
viii. Regulating substantial acquisition of shares &
take over of companies.
ix. Calling for information from, undertaking
inspection, conducting enquiries & audits of
stock exchanges, mutual funds, SRO¶s.
x. Performing such functions under Securities
Contract (Regulation) Act,1956 as delegated
to SEBI by the Central govt.
Powers of SEBI-
SEBI-
i. The discovery & production of books of
accounts & other documents at place & time
specified by SEBI.

ii. Summoning and enforcing the attendance of


persons & examining them on oath.

iii. Inspection of any books, registers or any other


document of any person like stock brokers,
share transfer agents, of the company & other
intermediaries in securities markets.
„