Securities and Exchange Board of India

SEBI or Securities and Exchange Board of India is the capital market regulator in India. It was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.

The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992

The basic function is to promote and regulate securities market. SEBI controls the activities of stock exchanges, safeguards the rights of the shareholders, provides security to the investments, and checks on the fraudulent activities. SEBI defines the code of conduct for the brokers, underwriters and other intermediaries.

SEBI has wide-range of regulatory, investigative and enforcement powers including the power to impose fines on violators.

SEBI is responsible for three main groups:

• The issuer of securities

• Investors

• Market intermediaries

It bans insider trading. It controls the stockbrokers and provides education regarding the market and analyses the trading.

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