NAME-Rahul Waghchawre

Roll no-MS1718091

Project on SEBI

Introduction:-
SEBI is managed by six members
–
one chairman (nominated by
CentralGovernment), two members (officers of
central ministries), one member (fromRBI) and
remaining two members nominated by Central
Government.
About SEBIESTABLISHMENT OF SEBI

The Securities and Exchange Board of India

was established on April 12,1992 in accordance
with the provisions of the Securities and
ExchangeBoard of India Act, 1992.
PREAMBLE
 The Preamble of the Securities and Exchange
Board of India describes thebasic functions of
the Securities and Exchange Board of India
as"...to protect the interests of investors in
securities and to promote thedevelopment of,
and to regulate the securities market and for
mattersconnected therewith or incidental
thereto"
SEBI
-
These Guidelines have been issued by the
Securities and Exchange Board of India under
Section 11 of the Securities and Exchange
Board of India Act,1992.(a) These Guidelines
may be called the Securities and Exchange
Board of India (Disclosure and Investor
Protection) Guidelines, 2000.(b) These
Guidelines shall come into force from the date
specified by theBoard

Functions & Responsibilities-

SEBI has to be responsive to the needs of three
groups, which constitute themarket:

The issuers of securities

The investors

The market intermediaries.SEBI has three

functions rolled into one body:quasi-
legislative,quasi- judicial and quasi-executive.
It drafts regulations in its legislative capacity,
itconducts investigation and enforcement
action in its executive function andit passes
rulings and orders in its judicial capacity.
Though this makes itvery powerful, there is an
appeals process to create accountability. There
isa Securities Appellate Tribunal which is a
three-member tribunal and ispresently headed
by a former Chief Justice of a High court -Mr.
JusticeN.K.Sodhi. A second appeal lies directly
to theSupreme Court.SEBI hasenjoyed success
as a regulator by pushing systemic reforms
aggressively and successively. SEBI has been
active in setting up the regulations asrequired
under law.SEBI has also been instrumental in
taking quick andeffective steps in light of the
global meltdown and the Satyam fiasco. Ithad
increased the extent and quantity of
disclosures to be made by Indiancorporate
promoters. More recently, in light of the global
melt down, itliberalised the takeover code to
facilitate investments by removing regulatory
structures. In one such move, SEBI has
increased the application limit forretail
investors to Rs 2 lakh, from Rs 1 lakh at
present