History

The securities and exchange board of India (SEBI) is the regulator for the securities market in
India. The securities and exchange board of India was established on April 12,1992 in
accordance with the provision of the securities and exchange board of India Act 1992.

Before SEBI came into existence , the controller of capital issues (Controller) Act,,1947.
Initially SEBI was a non-statutory power when formed in 1998 and then statutory powers to
the SEBI given on 30 January 1992.

SEBI has its headquarters at the bandra kurla complex in Mumbai, and has another four
regional offices:

1. Northern – New Delhi

2. Eastern – Kolkata
3. Southern – Chennai and
4. Western – Ahmedabad

Objective of SEBI:
1. Protective functions are performed to protect the interest of investors and provide
safety for their investment.
 It involves to keep a check on price rigging i.e., manipulation of price of securities
with the main objectives of creating inflation
 It involves prevention of insider I.e., a person the company with sensitive information
that can affect the price of securities uses that information to make profit.
 To prohibit fraudulent and unfair trade practices i.e., not allowing the companies to
make misleading statement which will include the sale of purchase of securities by
any other person
2. Development functions are performed by SEBI promote and develop the activates
of the stock exchange and increased its business
 It promoters training of intermediaries of the securities market
 SEBI promotes the activities of the stock exchange by adopting flexible way
like internet trading and initial public offer of primary market

3. Regulatory Function are performed by SEBI regulate the business in stock

exchange

 Regulate the working of mutual fund and takeover of companies it conduct inquiries
and audit of stock exchange
 It conduct inquires and audit of stock exchanges
 It frames rules and regulates and a code of conduct to regulate the intermediaries

Responsibilities of SEBI
1. Issuers – SEBI provides a market place in which the issuers can rise finance fairly.
2. Investor – provides protections and supply of accurate and correct information
3. Intermediaries – provides a competitive professional market.

Organisation Structure of SEBI

The SEBI is managed by its members, which consists of the chairman who is
nominated by union government of India. Two members are i.e., officers from union
finance ministry. One member is from the reserve bank of India. Remaining five
members are nominated by union govt. of India; out of them at least three shall be
whole-time members.
Designation Name
Chairman Ajay Tyagi
Gurumoorthy Mahalingam
S.Raman
Madhabi Puri buch
Part time Members Shaktikanta Das
N.S. Vishwanathan
Arun P. Sathe
Tapan Ray