The Securities and Exchange Board of India ( SEBI) is the regulator for the securities market in India established on April 12,1992 through the SEBI Act,1992
Initially SEBI was a non statutory body without any statutory power. However in the year of 1995, the SEBI was given additional statutory power by the Government of India through an amendment to the Securities and Exchange Board of India Act 1992.
SEBI has it's Headquarter in Mumbai with Northern, Eastern, Southern and Western Regional Offices in New Delhi,Kolkata,Chennai and Ahmedabad.
The SEBI is managed by its members, which consists of
- The chairman who is nominated by Union Government of India
- Two members, i.e. Officers from Union Finance Ministry
- One member from The Reserve Bank of India
- The remaining 5 members are nominated by Union Government of India, out of them at least 3 shall be whole-time members.
- the issuers of securities
- the investors
- the market intermediaries
- Quasi Legislative
- Quasi Judicial and
- Quasi Executive
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