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S.E.B.I(SECURITY AND EXCHANGE

BOARD OF INDIA)

Presented By:-ARPAN GHOSH

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In 1988 the Securities and Exchange Board of India (SEBI) was established by the Government of India through an executive resolution, and was subsequently upgraded as a fully autonomous body (a statutory Board) in the year 1992 with the passing of the Securities and Exchange Board of India Act (SEBI Act) on 30th January 1992.PREAMBLEThe Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as“…..to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto”

Establishment

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The Board shall consist of the following members, namely:- a)a Chairmanb)Two members, One from amongst the officials of the Ministry

of the Central Government dealing with Finance and second from administration of the Companies Act, 1956.

c)One member from amongst the officials of the Reserve Bank of India.

d)Five other members of whom at least three shall be the whole-time members to be appointed by the central Government.

Organization’s Structure

Management of the Board

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The primary objective of SEBI is to promote healthy and orderly growth -of the securities market and secure investor protection. The objectives of SEBI are as follows:

To protect the interest of investors, so that, there is a steady flow of savings into the capital market.

To regulate the securities market and ensure fair practices. To promote efficient services by brokers, merchant bankers, and

other intermediaries, so that, they become competitive and professional.

Objectives of SEBI

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The SEBI Act, 1992 has entrusted with two functions, they are◦Regulatory functions And◦Developmental functions

Functions of SEBI

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Regulation of stock exchange and self regulatory organizations. Registration and regulation of stock brokers, sub-brokers,

Registrars to all issues, merchant bankers, underwriters, portfolio managers etc.

Registration and regulation of the working of collective investment schemes including mutual funds.

Prohibition of fraudulent and unfair trade practices relating to securities market.

Prohibition of insider trading Regulating substantial acquisition of shares and takeover of

companies.

Regulatory Functions

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Promoting investor’s education Training of intermediaries Conducting research and publishing information useful to

all market participants. Promotion of fair practices Promotion of self regulatory organizations

Developmental Functions

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Thank You