Securities And Exchange Board Of India (SEBI)
Securities And Exchange Board Of India (SEBI) <ul><li>History </li></ul><ul><li>It was formed officially by the Government...
The basic objectives of the Board(PREAMBLE)   <ul><li>The Preamble of the Securities and Exchange Board of India describes...
Organization structure NAME DESIGNATION Upendra Kumar Sinha Chairman Prashant Saran Whole Time Member CA.  T.V. Mohandas P...
<ul><li>Initially SEBI was a non statutory body without any statutory power. However in 1995, the SEBI was given additiona...
SEBI Administration  <ul><li>The Securities and Exchange Board of India Act, 1992 is having retrospective effect and is de...
Functions of SEBI <ul><li>SEBI has three functions rolled into one body: quasi-legislative, quasi-judicial and quasi-execu...
<ul><li>SEBI has enjoyed success as a regulator by pushing systemic reforms aggressively and successively (e.g. the quick ...
<ul><li>SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam...
Powers of SEBI <ul><li>1 to approve by−laws of stock exchanges. </li></ul><ul><li>2.to require the stock exchange to amend...
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Securities and exchange board of indiaupdated (sebi

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Securities and exchange board of indiaupdated (sebi

  1. 1. Securities And Exchange Board Of India (SEBI)
  2. 2. Securities And Exchange Board Of India (SEBI) <ul><li>History </li></ul><ul><li>It was formed officially by the Government of India in 1992 with SEBI Act 1992[2] being passed by the Indian Parliament. SEBI is headquartered in the business district of Bandra-Kurla complex in Mumbai, and has Northern, Eastern, Southern and Western regional offices in New Delhi, Kolkata, Chennai and Ahmedabad. </li></ul>
  3. 3. The basic objectives of the Board(PREAMBLE) <ul><li>The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as &quot;...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto&quot; </li></ul>
  4. 4. Organization structure NAME DESIGNATION Upendra Kumar Sinha Chairman Prashant Saran Whole Time Member CA. T.V. Mohandas Pai Director, Infosys Dr. Thomas Mathew Joint Secretary, Ministry of Finance V. K. Jairath Member Appointed Anand Sinha Deputy Governor, Reserve Bank of India
  5. 5. <ul><li>Initially SEBI was a non statutory body without any statutory power. However in 1995, the SEBI was given additional statutory power by the Government of India through an amendment to the securities and Exchange Board of India Act 1992. In April, 1998 the SEBI was constituted as the regulator of capital market in India under a resolution of the Government of India. </li></ul>
  6. 6. SEBI Administration <ul><li>The Securities and Exchange Board of India Act, 1992 is having retrospective effect and is deemed to have come into force on April 12, 1992. Relatively a brief act containing 35 sections, the SEBI Act governs all the Stock Exchanges and the Securities Transactions in India. A Board by the name of the Securities and Exchange Board of India (SEBI) was constituted under the SEBI Act to administer its provisions. It consists of one Chairman and five members. </li></ul>
  7. 7. Functions of SEBI <ul><li>SEBI has three functions rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeals process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is presently headed by a former Chief Justice of a High court - Mr. Justice NK Sodhi. A second appeal lies directly to the Supreme Court. </li></ul>
  8. 8. <ul><li>SEBI has enjoyed success as a regulator by pushing systemic reforms aggressively and successively (e.g. the quick movement towards making the markets electronic and paperless rolling settlement on T+2 basis). SEBI has been active in setting up the regulations as required under law. </li></ul>
  9. 9. <ul><li>SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco.It had increased the extent and quantity of disclosures to be made by Indian corporate promoters. More recently, in light of the global meltdown,it liberalised the takeover code to facilitate investments by removing regulatory structures. In one such move, SEBI has increased the application limit for retail investors to Rs 2 lakh, from Rs 1 lakh at present </li></ul>
  10. 10. Powers of SEBI <ul><li>1 to approve by−laws of stock exchanges. </li></ul><ul><li>2.to require the stock exchange to amend their by−laws. </li></ul><ul><li>3.inspect the books of accounts and call for periodical returns from recognized stock exchanges. inspect the books of accounts of a financial intermediaries. </li></ul><ul><li>4.compel certain companies to list their shares in one or more stock exchanges. </li></ul><ul><li>5. levy fees and other charges on the intermediaries for performing its functions. </li></ul><ul><li>6.grant license to any person for the purpose of dealing in certain areas. </li></ul><ul><li>7.delegate powers exercisable by it. </li></ul><ul><li>8.prosecute and judge directly the violation of certain provisions of the companies Act. </li></ul>

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