Securities and Exchange Board of India
The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.It was officially established by The Government of India in the year 1988 and given statutory powers in 1992 with SEBI Act 1992 being passed by the Indian Parliament. SEBI has its Headquarters at the business district of Bandra Kurla Complex in Mumbai, and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai and Ahmedabad respectively.
Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.
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. In April, 1988 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India.
The SEBI is managed by its members, which consists of following: a) The chairman who is nominated by Union Government of India. b) Two members, i.e. Officers from Union Finance Ministry. c) One member from The Reserve Bank of India. d) The remaining 5 members are nominated by Union Government of India, out of them at least 3 shall be whole-time members.
The office of SEBI is situated at SEBI Bhavan, Bandra Kurla Complex, Bandra East, Mumbai- 400051, with its regional offices at Kolkata, Delhi,Chennai & Ahmadabad. It has recently opened local offices at Jaipur and Bangalore and is
Organization structure
Name | Designation |
---|---|
Upendra Kumar Sinha | Chairman |
Prashant Saran | Whole Time Member |
Rajeev Kumar Agarwal | Whole Time Member |
S Raman | Whole Time Member |
Prakash Chandra | Joint Secretary, Ministry of Finance |
V. K. Jairath magya | Member Appointed |
Anand Sinha | Deputy Governor, Reserve Bank of India |
Naved Masood | Secretary, Ministry of Corporate Affairs |
Raje Kumar | Part Time Member |
Name | From | To |
---|---|---|
C. B. Bhave | 18 February 2008 | 18 February 2011 |
M. Damodaran | 18 February 2005 | 18 February 2008 |
G. N. Bajpai | 20 February 2002 | 18 February 2005 |
D. R. Mehta | 21 February 1995 | 20 February 2002 |
S. S. Nadkarni | 17 January 1994 | 31 January 1995 |
G. V. Ramakrishna | 24 August 1990 | 17 January 1994 |
Dr. S. A. Dave | 12 April 1988 | 23 August 1990 |