Project Report on SEBI
Introduction:SEBI is managed by six members – one chairman (nominated by Central
Government), two members (officers of central ministries), one member (from
RBI) and remaining two members nominated by Central Government.
About SEBI
ESTABLISHMENT OF SEBI
The Securities and Exchange Board of India was established on April 12,
1992 in accordance with the provisions of the Securities and Exchange
Board of India Act, 1992.
PREAMBLE
The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as
"...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto"
SEBIThese Guidelines have been issued by the Securities and Exchange Board of
India under Section 11 of the Securities and Exchange Board of India Act,
1992.
(a) These Guidelines may be called the Securities and Exchange Board of
India (Disclosure and Investor Protection) Guidelines, 2000.
(b) These Guidelines shall come into force from the date specified by the
Board.
Functions & ResponsibilitiesSEBI has to be responsive to the needs of three groups, which constitute the market:
The issuers of securities
The investors
The market intermediaries.
SEBI has three functions rolled into one body: quasi-legislative, quasijudicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeals process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is presently headed by a former Chief Justice of a High court -Mr. Justice
N.K.Sodhi. A second appeal lies directly to the Supreme Court.SEBI has enjoyed success as a
Government), two members (officers of central ministries), one member (from
RBI) and remaining two members nominated by Central Government.
About SEBI
ESTABLISHMENT OF SEBI
The Securities and Exchange Board of India was established on April 12,
1992 in accordance with the provisions of the Securities and Exchange
Board of India Act, 1992.
PREAMBLE
The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as
"...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto"
SEBIThese Guidelines have been issued by the Securities and Exchange Board of
India under Section 11 of the Securities and Exchange Board of India Act,
1992.
(a) These Guidelines may be called the Securities and Exchange Board of
India (Disclosure and Investor Protection) Guidelines, 2000.
(b) These Guidelines shall come into force from the date specified by the
Board.
Functions & ResponsibilitiesSEBI has to be responsive to the needs of three groups, which constitute the market:
The issuers of securities
The investors
The market intermediaries.
SEBI has three functions rolled into one body: quasi-legislative, quasijudicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeals process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is presently headed by a former Chief Justice of a High court -Mr. Justice
N.K.Sodhi. A second appeal lies directly to the Supreme Court.SEBI has enjoyed success as a