The Securities and Exchange Board of India SEBI is the regulator for the securities market in India. It was established in the year and given statutory powers on 30 January through the SEBI Act, Securities and Exchange Board of India SEBI was first established in the year AQF as a non-statutory body for regulating the, securities market.

It became an autonomous body by The Government of India on 12 April and given statutory powers in with SEBI Act being passed by the Indian Parliament. SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbaiand has Northern, Eastern, Southern and Western Regional Offices in New DelhiKolkataChennai and Ahmedabad respectively.

It has opened local offices at Jaipur and Bangalore and is planning to open offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year - Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues Control Act, Initially SEBI was a non statutory body without any statutory power.

However, inthe SEBI was given additional statutory power by the Government of India through an amendment to the Securities and Exchange Board of India Act, In April the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India. The SEBI is managed by its members, which consists of following:. After amendment ofcollective investment scheme brought under SEBI except NIDHI,chit fund and cooperatives.

Ajay Tyagi was appointed chairman on 10 January replacing U K Sinha.

Role of SEBI in Indian Capital Market | Accounting Education

The Board comprises [4]. List of former Chairmen: The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as " SEBI has three functions rolled into one body: It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in arcadis stock market executive function and it passes rulings and orders in its judicial capacity.

Though this makes it very powerful, there is an appeal process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is headed by Mr. Justice J P Devadhar, a former judge of the Bombay High Court. SEBI has taken a very proactive role in streamlining disclosure requirements to international standards.

What is the role of SEBI? – Stock Market Analysis

SEBI forex diamond settings enjoyed success as a regulator by pushing systematic reforms aggressively and successively. SEBI sebi role in stock market away with physical certificates that were prone to postal delays, theft and forgery, apart from making the settlement process slow and cumbersome by passing Depositories Act, SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco.

Supreme Court of India heard a Public Interest Litigation PIL filed by India Rejuvenation Initiative that had challenged the procedure for key appointments adopted by Govt of India.

The petition alleged that, "The constitution of the search-cum-selection committee for recommending the name of chairman and every whole-time members of SEBI for appointment has been altered, which directly impacted its balance and could compromise the role of the SEBI as a watchdog.

Further, it came into light that Dr KM Abraham the then whole time member of SEBI Board had written to the Prime Minister about malaise in SEBI. He said, "The regulatory institution is sebi role in stock market duress and under severe attack from powerful corporate interests operating concertedly to undermine SEBI".

He specifically said that Finance Minister's office, and especially his advisor Omita Paul, were trying to influence many cases before SEBI, including those relating to Sahara Group, Reliance, Bank of Rajasthan and MCX.

SEBI in its circular dated May 30, gave exit - guidelines for stock exchanges. It had asked many of these exchanges to either meet the required criteria or take a graceful exit.

The Indian stock market regulator SEBI had given the recognized stock exchanges two years to comply or exit the business. From Wikipedia, the free encyclopedia.

Archived from the original on 3 October Retrieved 26 September CB Bhave's 3-years at SEBI - CNBC-TV Retrieved 19 February Retrieved 25 October Retrieved 26 October Retrieved 27 October Retrieved 10 April Retrieved 11 April Retrieved from " https: Executive branch of the Indian government Regulatory agencies of India Organisations based in Mumbai Financial regulatory authorities of India Government agencies established in Government agencies of India Securities and Exchange Board of India Economic history of India —present Financial services companies based in Mumbai.

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By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view. SEBI Bhavan, Mumbai headquarters. Ajay TyagiChairman. Deputy Governor, Reserve Bank of India. Tapan Ray,Secretary, Ministry of Corporate Affairs. Wikimedia Commons has media related to Securities and Exchange Board of India.