✅Initially SEBI was a non-statutory body. SEBI was constituted in April 1988 as a regulator of the capital market in India under a proposal of the Government of India.
✅The term capital market refers to the facilities and institutional arrangements through which growth and investment in both long-term funds, debt and equity are made.
✅Headquarters: SEBI has its headquarters in Mumbai and regional offices located in Ahmedabad, Kolkata, Chennai and Delhi.
✅ Structure: All decisions of SEBI are taken collectively by its board, which consists of a chairman and eight other members.
✅ It also appoints various committees to examine the important issues of the time.
✅Action: Its main function is to protect the interests of investors in securities, promote and regulate the securities market.
✅Securities are traditional financial instruments used to raise capital from the public and private markets.
✅There are mainly three types of securities: equity - which gives ownership to the holders; Loans - Loans repaid from time to time with compulsory payments; And hybrid - securities that have both debt and equity properties.
✅ To register and regulate the working of intermediaries like stock brokers, merchant bankers, portfolio managers, investment advisors etc. associated with securities markets.
SEBI is a semi-legislative, semi-judicial and semi-executive body.
✅ It can draft regulations, make inquiries, pass rules and impose fines.
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