What is the full form of SEBI?
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What is the full form of SEBI?
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The full form of SEBI is the Securities and Exchange Board of India. It is owned by the government of India which regulates and monitors the securities market of India. It was founded on 12th April 1988 and headquartered in Mumbai. Ajay Tyagi is the current chairman of SEBI. It has 4 regional offices in
(New Delhi, Chennai, Kolkata, Ahmadabad )and 17 local offices in India.
Objective
To preserve the interest of buyers in investment and promote the development of the capital market.
Members of SEBI
The chairman is nominated by the Union Government of India.
One member nominated from the Reserve bank of India.
Five members are nominated by Union Government of India, out of five members three must be whole-time members.
SEBI committees
These are the SEBI committees:
Primary Market Advisory Committee
Secondary Market Advisory Committee
Corporate Bonds & Securitisation Advisory Committee
Mutual Fund Advisory Committee
Technical Advisory Committee
Advisory Committee
Takeover Regulations Advisory Committee
Committee for analysis of the infrastructure of institutions
Function of SEBI
SEBI is responsible for protecting the interest of Traders and investors and make sure that no fraudulent happens in the stock market.
SEBI ensure that capital market transaction takes place in a secure and easy way.
SEBI is responsible to promote the development of the securities market.
To forbid insider trading in securities.
Power of SEBI
To check the book of account of financial intermediaries.
Ensure certain companies to list their shares in one or more Securities exchanges.
To approve the stocks exchange according to laws.
Registration of agents
