The Securities and Exchange Board of India (SEBI) was constituted as a non-statutory body on April 12, 1988
through a resolution of the Government of India for protecting the interests of
investors investing in securities along with regulating the securities market.
Having its headquarters in Mumbai, it has several regional offices across the
country including New Delhi, Chennai, Kolkata, Ahmedabad. SEBI also regulates
how the stock market and mutual funds function.
Objectives of SEBI
Following are some of the objectives of SEBI:
Protection: This is one of the
most important objectives of SEBI. It involves protection of the interests of
investors by providing guidance and ensuring that the investment is done in a
safe and secure manner.
2. Preventing fraudulent
and malpractices which are related to trading and rules and regulation of the
3. To maintain a balance
between statutory regulations and self-regulation.
4. To develop a code of
conduct for the financial intermediaries such as brokers, underwrites, etc.
The Structure of SEBI
SEBI India follows a corporate structure. It has
Board of Directors, Senior Management, Department Heads and several other
SEBI board comprises of nine members. The Board
consists of the following members.
A) The Chairman –
Nominated by the Indian Union Government.