Introduction
SEBI abbreviates to Securities and Exchange Board of India. It is the regulator of all finance market of India. Finance market includes all the tradable financial assets that are broadly divided into three main subcategories: debt securities, equity securities and derivative securities. Though it was established in the year of 1988, it was enacted with statuary powers only on the 12th of April, 1992 in accord with the necessities of Securities and Exchange Board of India Act (shortly referred as SEBI Act) , 1992.The Government of India legitimately formed the Securities and Exchange Board of India in the year 1988. But it was on 12th April, 1922 Securities and Exchange Board of India was given the statutory powers with Securities and Exchange Board of India Act, 1992 being approved by the Parliament of India. The SEBI Bhavan, headquarters of Securities and Exchange Board of India is at the Bandra Kurla Complex in Mumbai which is referred to as the business district. It has its regional offices in New Delhi in Northern region, Kolkata in Eastern region, Chennai in Southern region and Ahmedabad in Western Region respectively.
Before even Securities and Exchange Board of India came into existence it was the Controller of Capital Issues that was acting as the regulating body for the finance market of India which had its statutory powers derived from the Capital Issues (Control) Act that was established in the year 1947.Firstly Securities and Exchange Board of India was not a statutory body which had no statutory power. However Securities and Exchange Board of India was given supreme authority by the Government of India in the year 1995 by making an improvement to the Securities and Exchange Board of India Act, 1992. In April, 1988 under a resolution of the Government of India, the SEBI was established as the regulator of finance markets in India. It has lately established local offices at Jaipur and Bengaluru and is also planning to open working offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh shortly.
The Securities and Exchange Board of India is managed by its board members that consist of: 1. The Chairman, who is nominated by the Union Government of India. 2. Two members of the board who are officers from the Union Finance Ministry. 3. A member from The Reserve Bank of India. 4. The last 5 members are selected by the Union Government of India. Out of the 5 members being selected by the Union Government of India at least 3 shall be whole time members of the board.
Various departments of Securities and Exchange Board of India:
- MARKET INTERMEDIARIES REGULATION AND SUPERVISION DEPARTMENT (MIRSD)
- MARKET REGULATION DEPARTMENT (MRD)
- CORPORATION FINANCE DEPARTMENT (CFD)
- INVESTMENT MANAGEMENT DEPARTMENT (IMD)
- INTEGRATED SURVEILLANCE DEPARTMENT (ISD)
- INVESTIGATIONS DEPARTMENT (IVD)
- ENFORCEMENT OF DEPARTMENT (EFD)
- LEGAL AFFAIRS DEPARTMENT (LAD)
- ENQUIRIES AND ADJUDICATION DEPARTMENT (EAD)
- OFFICE OF INVESTOR ASSISTANCE AND EDUCATION (OIAE)
- GENERAL SERVICES DEPARTMENT (GSD)
- DEPARTMENT OF ECONOMIC AND POLICY ANALYSIS (DEPA)
- OFFICE OF THE CHAIRMAN (OCH)
- INFORMATION TECHNOLOGY DEPARTMENT
- THE REGIONAL OFFICES (RO's)
Various Committees of Securities and Exchange Board of India:
Secondary Market Advisory Committee (SMAC)SEBI Committee on Disclosures and Accounting Standards (SCODA)
Advisory Committee for the SEBI Investor Protection and Education Fund
Risk Management Review Committee (RMRC)
Committee on Clearing Corporations
Members of Advisory Committee on Mutual Funds
Technical Advisory Committee
High Level Committee for reviewing the SEBI (Prohibition of Insider Trading) Regulations, 1992
Corporate Bonds and Securitization Advisory Committee (CoBoSAC)
Depository System Review Committee (DSRC)
Advisory Committee for the SEBI Investor Protection and Education Fund
Primary Market Advisory Committee (PMAC)
Contact details:
Website: www.sebi.gov.in/
Plot No.C4-A,'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051Tel : +91-22-26449000 / 40459000
Fax : +91-22-26449019-22 / 40459019-22
E-mail : [email protected]
Interactive Voice Response System (IVRS):
Tel : +91-22-26449950 / 40459950
Toll Free Investor Helpline: 1800 22 7575