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Security and exchange board of 

India.

Sebi is the regulator for the securities market inIndia.

The security and exchange board of India was

established on April 12, 1988 by the centralgovernment to control and regulate the stockexchanges functioning in India.

SEBI was given statutory status on 31 January 1992and its started functioning when sebi act was passed.

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SEBI has its head office in Mumbai

and other offices in New Delhi, Calcutta andChennai.

Chairman ± Mr. M. Damodaran.

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Objective of sebi

It tries to develop the securities market.

Promotes Investors Interest.

Makes rules and regulations for the securitiesmarket.

It protects the right and interests of investor.

To provide suitable education and guidance toinvestor.

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Function of sebi

To protect the interests of investors.

To regulate and control the business on sockexchanges and other security markets.

To make registration and to regulate the functioningof intermediaries.

To issue guidelines to companies regarding capitalissues.

To conduct inspection, inquiries and audits of stockexchanges.

To restrict insider trading activity.

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Power of sebi

Power relating to stock exchanges andintermediaries.

Power relating to monetary penalties.

Power to initiate actions relating to functionsassigned.

Power relating to insider trading.

Power to regulate business of stock exchange.

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File complaints in courts and notifyregulation without prior approval of 

Government. Regulatory power to campanies in

the issuance of capital, transfer of securities etc.

Call for document from allcategories of market intermedaries.

More powers are now given to SEBI.

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SEBI is working for broadening themembership of stock exchange,

shortening settlement periods,improving transparency of transactions, promotingprofessionalism among brokers and

encouraging the stock exchanges tocomputerise their function.

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Dematerialisation of shares is onearea where the sebi claims to have

made significance.

One singular success which the sebiclaim to have made has been inpushing screen based trading.

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Registration with sebi of intemediaries.

Merchant bankers.

Registrar and share transfer agent.

Underwriters. Portfolio manager.

Stock brokers.

Sub-brokers.

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List of defaulting companies to

investors.

1 AASHI INDUSTRIES LTD

2 BETA NAPHTHOL LIMITED

3 HINDUSTAN INDUSTRIAL CHEMICALS LTD

4 INDO AMERICAN CREDIT CORPORATION LTD5 INDO AMERICAN OPTICS LTD

6 JAYANT VITAMINS LTD

7 MOTOROL ENTERPRISE LTD

8 OJAS TECHNOCHEM PRODUCTS LTD

9 PANJWANI PACKAGING LTD10 PANKAJ AGRO PROTINEX LTD

11 TOPLINE SHOES LTD

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 Action taken by sebi for defaulting

companies.

Letter along with the complaintwere sent to the companies

advising them to resolve thegrievances and submit status reportto sebi with in 30 days.

These companies has not responded

to sebi¶s letter to resolve thecomplaint.

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Such companies are laible to paythe penalty of 1,00,000 Rs. eachday during which such failurecontinues or one crore rupeeswhichever is less.

If any company defaults in solvingthe grievance and submit the reportsebi takes action against thesecompanies and the directors.