Compiled By:

Akshita Sood: Roll no: 3234

Purnima Sharma Roll no: 3249
Divya Verma Roll no: 3294
Anjali Arya Roll no.:3296

Management of SEBI
TheSecurities and Exchange Board of India(SEBI)

is theregulator for thesecurities market in India.

Established in the year 1988
Given statutory powers on 12 April 1992 through
theSEBI Act, 1992.
Initially SEBI was a non statutory body.
In 1995, the SEBI was given additional statutory power
by the Government of India through an amendment to
theSecurities and Exchange Board of India Act, 1992.
In April 1988 the SEBI was constituted as the regulator
of capital markets in India under a resolution of the
Government of India.

HEADQUARTERS: Bandra Kurla Complex

inMumbai
MANAGEMENT
The chairman who is nominated by Union
Government of India.
Two members, i.e., Officers from Union
Finance Ministry.
One member from the Reserve Bank of
India.
The remaining five members are
nominated by Union Government of India,
out of them at least three shall be wholetime members.

ORGANISATIONAL STRUCTURE
SEBI is working as a corporate sector.
Its activities are divided into five departments.

Each department is headed by an executive

director.
The head office of SEBI is in Mumbai and it
has branch office in Kolkata, Chennai and
Delhi.
SEBI has formed two advisory committees to
deal with primary and secondary markets.
These committees consist of market players,
investors associations and eminent persons.

SEBI COMMITTEES
Technical Advisory Committee
Committee for review of structure of market

infrastructure institutions
Advisory Committee for the SEBI Investor Protection
and Education Fund
Takeover Regulations Advisory Committee
Primary Market Advisory Committee (PMAC)
Secondary Market Advisory Committee (SMAC)
Mutual Fund Advisory Committee
Corporate Bonds & Securitization Advisory
Committee

POWERS OF SEBI
For the discharge of its functions efficiently, SEBI has
been vested with the following powers:
To approve bylaws of stock exchanges.
To require the stock exchange to amend their
bylaws.
Inspect the books of accounts and call for periodical
returns from recognized stock exchanges.
Inspect the books of accounts of financial
intermediaries.
Compel certain companies to list their shares in one
or more stock exchanges.

REGULATION OF SECURITY
MARKET
The Indian stock market is regulated as per the

guidelines laid down by theSecurities andExchange

Board of India (SEBI).
A regulating body called the Securities and
Exchange Board of India (SEBI) wasestablished
in1992 with a view of protecting the interest of
investors. This body laysdown regulationsin order
to ensure orderly growth and smooth functioning of
theIndian capitalmarket.

FUNCTIONS OF SEBI
SEBI has three important functions. These are:
Protective functions
Developmental functions
Regulatory functions

PROTECTIVE FUNCTIONS
It Checks Price Rigging
It Prohibits Insider trading
SEBI prohibits fraudulent and Unfair Trade

Practices
SEBI undertakes steps to educate investors so
that
SEBI promotes fair practices and code of
conduct in security market

DEVELOPMENTAL FUNCTIONS

SEBI promotes training of intermediaries of

the securities market.

SEBI promotes training of intermediaries of
the securities market.

REGULATORY FUNCTIONS
SEBI has framed rules and regulations and a code

of conduct.
SEBI registers and regulates the working of stock
brokers, sub-brokers, share transfer agents,
trustees, merchant bankers and all those who are
associated with stock exchange in any manner.
SEBI registers and regulates the working of
mutual funds etc.
SEBI regulates takeover of the companies.
SEBI conducts inquiries and audit of stock
exchanges.

GUIDELINES BY SEBI
Eligibility norms for companies issuing

security.
Pricing by companies issuing securities.
Pre Issue obligations.
Contents of offer document.

References
www.google.com
Wikipedia
Business Studies

(by: RK Sharma &

Shashi K. Gupta)