What is the full form of SEBI | SEBI full form | full form of SEBI | SEBI full details

Securities and Exchange Board of India, SEBI


SEBI stands for Securities and Exchange Board of India. SEBI was established on 12 April 1992 by the Government of India to regulate the securities market of India.

Headquarters

SEBI is headquartered in Mumbai, Maharashtra, India. It has four regional offices Ahmadabad, Kolkata, Chennai and New Delhi. SEBI has opened local offices at Bangalore and Jaipur and planning to open offices at Chandigarh, Kochhi, Patna, Bhubaneshwar and Guwahati.

History

SEBI was established on 12 April 1988 by Government of India. It had been given statuary powers with SEBI Act 1992 in 1992 passed by the Indian Government.

Members

SEBI is managed by its members. Those members are:
  • Chairman: Chairman is nominated by Union Government of India.
  • Eight Members: Out of eight, one member from the Reserve Bank of India, two members are the officers from the Union Finance Ministry and the remaining five members are nominated by Union Government of India.
  • Note: Out of these eight members, three must be whole-time members.

Powers of SEBI

SEBI is incorporated with some necessary powers to function properly. These powers are:

  • Imposes fees and other charges on the intermediaries for performing its function.
  • Check the books of accounts of financial intermediaries.
  • Ensure certain companies to list their shares in one or more stock exchanges.

Objective

The main objective of SEBI is to protect the interest of investors in securities and promote the development of securities market.

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