SECURITIESANDEXCHANGEBOARDOFINDIA(SEBI) Forproperevolutionanddirectionofanysectorormarketandtoallowperfectcompetitionand preventionofmalpractises,anoverseeingbodyisrequired.Thisbodyiscalledastheregulator. TheSecuritiesandExchangeBoardofIndia(SEBI)istheregulatorofthesecuritiesmarketa marketwhereinstrumentssuchas,shares,stocks,derivatesofshares,commoditiesetc. Theabsenceofconditionsofperfectcompetitioninthesecuritiesmarket makestheroleoftheRegulatorextremelyimportant.Theregulatorensures thatthemarketparticipantsbehaveinadesiredmannersothatsecurities marketcontinuestobeamajorsourceoffinanceforcorporateand governmentandtheinterestofinvestorsareprotected.

SEBIwasformedtoprotecttheinterestsofinvestorsinsecuritiesandtopromotethedevelopment of,andtoregulatethesecuritiesmarketandhelpretailandinstitutionalinvestors. SEBIistheregulatory authorityinIndiaestablishedunderSection3ofSEBIAct,1992.SEBIAct, 1992providesSEBIthefollowingpowers (a)protectingtheinterestsofinvestorsin securities (b)promotingthedevelopmentofthesecuritiesmarket;and (c) regulatingthesecuritiesmarket. Itsregulatoryjurisdictionextendsover corporatesintheissueofcapitalandtransferofsecurities,inadditionto allintermediariesandpersonsassociatedwithsecuritiesmarket. Ithaspowersfor: 1. Regulatingthebusinessinstockexchangesandanyothersecurities markets 2. Registeringandregulatingtheworkingofstockbrokers,subbrokers etc. 3. Promotingandregulatingselfregulatoryorganizations 4. Prohibitingfraudulentandunfairtradepractices 5. Callingforinformationfrom,undertakinginspection,conducting inquiriesandauditsofthestockexchanges,intermediaries,self regulatoryorganizations,mutualfundsandotherpersonsassociatedwiththesecuritiesmarket.

ThecurrentSEBIBoardcomprisesof: ShriU.K.SinhaCHAIRMAN ShriM.S.Sahoo,WholeTimeMember,SEBI Dr.K.M.Abraham,WholeTimeMember,SEBI T.V.MohandasPai ,Director,InfosysTechnologiesLtd. ShriPrashantSaran,WholeTimeMember,SEBI. Dr.ThomasMathew,JointSecretary(CapitalMarkets),DepartmentofEconomicAffairs, MinistryofFinance ShriV.K.Jairath,MemberAppointed ShriAnandSinha,DeputyGovernor,ReserveBankofIndia ShriDKMittal ,Secretary ,MinistryofCorporateAffairs

Thesememberstogetherlookintotheoperationsofthesecuritiesmarketanddependingonthe powersconferredontheBoardundertheSEBIAct,theregulateandprotectinterestoftheinvestors throughitsvariousdepartments.

ThedepartmentsinSEBIare: MarketIntermediariesRegulationandSupervisionDepartment: The Market Intermediaries Regulation and Supervision Department is responsible for the registration,supervision,compliancemonitoringandinspectionsofallmarketintermediariesin respect of all segments of the markets viz. equity, equity derivatives, debt and debt related derivatives.

MarketRegulationDepartment: s responsible for supervising the functioning and operations (except relating to derivatives) of securities exchanges,theirsubsidiaries,andmarketinstitutions suchas Clearingandsettlement organizationsandDepositories. DerivativesandNewProductsDepartments: This department is responsible for supervising the functioning and operations of derivatives exchanges,andaddressesibvestorcomplaints.

CorporationFinanceDepartment: The Corporation Finance Department deals with matters relating to (i) Issuance and listing of securities, including initial and continuous listing requirements (ii) corporate governance and accounting/auditing standards (iii) corporate restructuring through Takeovers / buy backs (iv) Delistingetc. InvestmentManagementDepartment: TheInvestmentManagementdepartmentisresponsibleforregisteringandregulatingmutualfunds, venturecapitalfunds,foreignventurecapitalinvestors,collectiveinvestmentschemes,including plantationschemes,ForeignInstitutionalInvestors,PortfolioManagersandCustodians. IntegratedSurveillanceDepartment: The intergrated Surveillance department is responsible for monitoring market activity through marketsystems,datafromotherdepartmentsandanalyticalsoftware. InvestigationsDepartment: TheInvestigationsdepartmentisresponsiblefor: Conductinginvestigationsonpotentiallyillegalmarketactivities. Providingreferralstotheenforcementdepartment. AssistingtheenforcementdepartmentinenforcingSEBIactionagainstviolators. EnforcementDepartment: EnforcementDepartmentisresponsibleforproceedingsrelatedtoregulatoryactionandobtaining redressforviolationsofsecuritieslawsandregulationsagainstallmarketparticipants,issuersand individualsandotherentitiesthatbreachsecuritieslawsandregulations. LegalAffairsDepartment: ItisresponsibletoprovidelegalcounseltotheBoardandtoitsotherdepartments,andtohandle nonenforcementlitigation. EnquiriesandAdjudicationDepartment: Handlesquasijudicialmattersandprovidetimelyhearingsandinitiateadjudicationbroughtbythe otherDepartmentsagainstallegedviolatorswhoarewithinSEBIsdisciplinaryjurisdiction. OfficeOfInvestorAssistanceandEducation: TheofficewillsupportSEBIsoperationsbyhandlinginvestorcomplaintscentrallyandbethefocal pointofSEBIsinvestoreducationeffort. GeneralServicesDepartment: ThisdepartmentsupportsalloftheinternaloperationsofSEBI. TreasuryandAccountsDivision: TheDivisionwillhandleworkrelatedto:

DevelopmentofSEBIsinternalbudgetandaccountingsystems PresentationofreportsandbudgetstotheSEBIBoard Maintaininginternalaccountingrecords,developinginternalcontrolsystemsforcollectionsand disbursementsandotherfinancialcontrols ManagingSEBIsinvestments FacilitiesManagementDivision: The division willberesponsiblefortheestablishmentandmaintenanceofthephysicalfacility housingtheregulatorandrelatedneeds. DepartmentofEconomicandPolicyAnalysis: TheDepartmentwillhandleitsfunctionsthroughthefollowingDivisions: DivisionofPolicyAnalysis(DPA) DivisionofEconomicAnalysis(DEA) OfficeoftheChairman: ThishasimprtantsubdivisionssuchasOfficeofInternationalAffairs,CommunicationsDivision, HumanResourcesDivisionandOfficeoftheExecutiveAssistanttotheChairman. InformationTechnologyDepartment: ThisdepartmentwouldperformitsroleasthetechnicalsupportgroupforSEBI. ENDS