Stock exchange boad of india

Stock exchange board of india:


For proper development of indian stock market, the functioning of stock exchanges must be brought under the control and supervision of an independent reguletary agency. Central government, therfore established SEBI.


SEBI:


The SEBI was set up as an administrative body in april 1998.it was given statuary status on 30-1-92 by promulgation of sebi ordinance .the ordiance is considered to be an act of parliament.


OBJECTIVES:


1.the basic purpose of establishing sebi is to protect the intrest of the investors in securities.

2.to promote, developed and regulate the securities market and deal with the matters connected ther with or incidential thereto.


FEATURES OF SEBI:


1.the sebi shallers of be a body corporate established under sebi act with perpectual succesion and a commen seal.

2.the head office of the board shall be mumbai.sebi can have branch office at other places in india.

3.the board shall consist of the following members.


1. A chairmen.


2. Two members from amongest the official of the minister of central government deal with finance and law.


· Two other members.

· One menber among reserve bank of india.