Securities and Exchange Board of India (SEBI), Functions of SEBI

By: EconomyWatch   Date: 29 June 2010

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Securities and Exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market. It became an autonomous body in 1992 and more powers were given through an ordinance. Since then it regulates the market through its independent powers.

 

 

 

Objectives of SEBI:

As an important entity in the market it works with following objectives:

1. It tries to develop the securities market.
2. Promotes Investors Interest.
3. Makes rules and regulations for the securities market.

Functions Of SEBI:

Find below SEBI's important functions:

1. Regulates Capital Market
2. Checks Trading of securities.
3. Checks the malpractices in securities market.
4. It enhances investor's knowledge on market by providing education.
5. It regulates the stockbrokers and sub-brokers.
6. To promote Research and Investigation

SEBI In India's Capital Market:

SEBI from time to time have adopted many rules and regulations for enhancing the Indian capital market. The recent initiatives undertaken are as follows:

  • Sole Control on Brokers:
    Under this rule every brokers and sub brokers have to get registration with SEBI and any stock exchange in India.
  • For Underwriters:
    For working as an underwriter an asset limit of 20 lakhs has been fixed.
     
  • For Share Prices
    According to this law all Indian companies are free to determine their respective share prices and premiums on the share prices.
     
  • For Mutual Funds
    SEBI's introduction of SEBI (Mutual Funds) Regulation in 1993 is to have direct control on all mutual funds of both public and private sector.

    Address and contact Details of SEBI are as follows:

    Head Office:
    Mittal court 'A' Wing, Ground floor
    224, Nariman Point, Mumbai - 400 021
    PH: 2850451,52,53,54,55 FAX:204 5633

    Northern Regional Office:Block No.1, Rajendra Bhawan
    Rajendra Place, District Centre
    New Delhi - 110 008
    PH: 573 2313, 9784 FAX: 5768992

    Eastern Regional Office:FMC Fortuna, 5th Floor, 234/3A
    AJC Bose Road, Calcutta - 700 020
    PH:240 2435, 4307, 6105 FAX: 240 4307

    Southern Regional Office:
    3rd Floor, D'Monte Building, 32
    D'Monte Colony, TTK Road, Alwarpet
    Chennai - 600 018.
    PH: 499 5676, 5525, 7385, 7480, 7540
    FAX: 499 8083

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