2. GROUP MEMBERS
NAME ROLL NO
ONKAR BIRJE 05
VINAYAK HALAPETI 13
PRITEE PINGALE 38
SAIPARESH WALAWALKAR 52
SOMESH ZUJAM 54
3. Contents
Introduction
Board
Objectives
Powers of SEBI
Functions
Role of SEBI
SEBI guidelines
Departments under SEBI
SMAC
Current plans
Amendment bill
Major Challenges faced by SEBI
4. INTRODUTION
The Securities and Exchange Board of India was
established by the Government of India on 12th April
1988 as an interim administration body to promote
orderly and healthy growth of the securities market and
for investor protection.
It was functioned under the overall administrative
control of the Ministry of Finance of the GOI.
The SEBI was given the statutory powers on 30th Jan
1992 through an Ordinance.
The Ordinance was later replaced by an Act of
Parliament known as the Securities and Exchange Board
of India Act 1992.
6. Mr. U. K. Sinha
Chairman, SEBI
Mr. Rajeev Kumar Agarwal
Whole-Time Member, SEBI
Mr. Prashant Saran
Whole-Time Member, SEBI
Mr. Manoj Joshi
Joint Secretary,
Department of
Economic Affairs,
Ministry of Finance
Mr. Naved Masood
Secretary,
Ministry of Corporate
Affairs
Mr. Prakash C. Chhotaray
IRS (Retired Chairman
of Income Tax Settlement
Commission
Mr. R Gandhi
Deputy Governor
Reserve Bank of
India
Mr. S. Raman
Whole-Time Member, SEBI
7. OBJECTIVES
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:
Regulation of Stock Exchange:
Protection to the Investors
Checking the insider Trading
Control over Brokers
9. FUNCTIONS
Section 11 of the SEBI Act , there are mainly two types of
functions. They are;
1.Regulatory Functions
2.Developmental Functions
10. 1. Regulatory Functions
o Regulating stock exchanges and any other securities
markets.
o Registering and regulating intermediaries
o Promoting and regulating self-regulatory organizations
o Prohibiting insider trading
o Regulating substantial acquisition of share and take over
of companies.
o Levying fees or other charges for carrying out the
purpose of this section.
11. 2. Developmental Functions
• 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
12. ROLE OF SEBI
To make rules and regulation
To educate brokers and investors
To encourage investor
Safeguard the investors interest
Development of stock and share markets
To stop all fraud and malpractices
Provide license to brokers
13. SEBI Guidelines
• SEBI has brought out a number of guidelines separately,
from time to time, for primary market, secondary
market, mutual funds, merchant bankers, foreign
institutional investors, investor protection etc.
• 1. Guidelines for Primary Market.
(a). New Company
(b). New Company set-up by Existing Companies
(c). Private and closely held companies
(d). Existing Listed companies
14. • 2. Guidelines for Secondary Market:
Stock Exchange
Brokers
• 3.Foreign Institutional Investors(FII)
Allowed to invest
Restriction on the volume
15. • 4.Guidelines to issue of Bonus Shares
Provision in the Articles of Association
The bonus is made out of free reserves
No bonus issue can be made within 12 months of any
public issue/rights issue.
5. Guidelines for Companies Act
• Free pricing of issues.
• Underwriting made mandatory.
• Issue of shares at par.
17. VARIOUS DEPARTMENTS
UNDER SEBI
The Primary Market.
The Issue Management and Intermediaries Department.
The Secondary Market.
Institutional Investment Department (MF and FII),
Mergers and Acquisition.
Legal Department (all legal matters).
18. SECURITIES MARKET
AWARENESS CAMPAIGN (SMAC)
1. Workshops
2. Advertisements
3. Educative Material
4. Website dedicated to investors Education
5. All India Radio
6. Cautionary Message on Television
19. RELATION WITH THE CENTRAL
GOVERNMENT
The activities of SEBI are financed by grants from Central
Government, in addition to fees, charges etc. collected
by SEBI.
The fund called SEBI General Fund is set up, to which, all
fees, charges and grants are credited.
This fund is used to meet the expenses of the Board and
to pay salary of staff and members of the body
20. Current Plans of SEBI
To impose restrictions on willful defaulters
overhaul of private investment fund regulation
To reduce listing time period for firms
Risk profiling of listed firms intermediaries
To introduce mutual fund retirement plans with tax
benefits
21. AMENDMENT BILL
SEBI AMENDMENT BILL, 2013:-
Passed by the Rajya Sabha on 5th September 2013.
Widen the area for eligible candidates for the post of
Presiding Officer at the Securities Appellate Tribunal (SAT).
The Bill extends eligibility criteria for SAT Presiding Officer’s
role & includes sitting or retired Judges of a High Court with a
minimum service of 7 years.
22. Major Challenges faced by SEBI
Cross Border Trading
Issuers & Investors are expanding their horizons beyond
their home markets
Investors becoming much more demanding
Penetration of mutual fund in India
23. • REGIONAL OFFICES
1. New Delhi
2. Kolkata
3. Chennai
4. Ahmadabad
• LOCAL OFFICES
1. Jaipur
2. Bangalore
3. Guwahati
4. Bhubaneswar
5. Patna
6. Kochi
7. Chandigarh
SEBI Bhavan, Mumbai Headquarters (in
Bandra Kurla Complex)
