The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India. Upendra Kumar Sinha was appointed chairman on 18 February 2011 replacing C. B. Bhave. The Board comprises
Chairman Upendra Kumar Sinha
SEBI has to be responsive to the needs of three groups, which constitute the market:
* the issuers of securities
* the investors
* the market intermediaries.
For the discharge of its functions efficiently, SEBI has been invested with the necessary powers which are:
1. to approve by−laws of stock exchanges.
2. to require the stock exchange to amend their by−laws.
3. inspect the books of accounts and call for periodical returns from recognised stock exchanges.
4. inspect the books of accounts of a financial intermediaries.
5. compel certain companies to list their shares in one or more stock exchanges.
6. levy fees and other charges on the intermediaries for performing its functions.
7. grant licence to any person for the purpose of dealing in certain areas.
8. delegate powers exercisable by it.
9. prosecute and judge directly the violation of certain provisions of the companies Act.
1. Technical Advisory Committee
2. Committee for review of structure of market infrastructure institutions
3. Members of the Advisory Committee for the SEBI Investor Protection and Education Fund
4. Takeover Regulations Advisory Committee
5. Primary Market Advisory Committee (PMAC)
6. Secondary Market Advisory Committee (SMAC)
7. Mutual Fund Advisory Committee
8. Corporate Bonds & Securitization Advisory Committee
9. Takeover Panel
10. SEBI Committee on Disclosures and Accounting Standards (SCODA)
11. High Powered Advisory Committee on consent orders and compounding of offences
12. Derivatives Market Review Committee
13. Committee on Infrastructure Funds
The Insurance Regulatory and...