The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India.
It was formed officially by the Government of India in 1992 with SEBI Act 1992 being passed by the Indian Parliament. SEBI is headquartered in the business district of Bandra Kurla Complex complex in Mumbai, and has Northern, Eastern, Southern and Western regional offices in New Delhi, Kolkata, Chennai and Ahmedabad.
Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.
Name Designation
Upendra Kumar Sinha Chairman
Prashant Saran Whole Time Member
Rajeev Agarwal Whole Time Member
Dr. Thomas Mathew Joint Secretary, Ministry of Finance
V. K. Jairath Member Appointed
Anand Sinha Deputy Governor, Reserve Bank of India
Naved Masood Secretary,Ministry of Corporate Affairs
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.
The SEBI is managed by fix members , i.e. by chairman which is nominated by central government & members ,i.e. officers of central ministry , one member from RBI & remaining two are nominated by central government . The office of SEBI is situated at Mumbai with its regional officies at Kolkata , Delhi & Chennai.
FOR MORE INFORMATION CLICK
http://www.sebi.gov.in/
http://en.wikipedia.org/
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