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sebi sensex Nifty bse nse

Jun 03, 2018

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Kushal Walia
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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.

Agency overview:Formed 12 April 1992

Jurisdiction Government of India

Headquarters Mumbai, Maharashtra

Employees 643 (2012)

Agency executive U. K. Sinha, Chairman

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A security is a tradable asset of any kind.Securities are broadly categorized into:

debt securities (such as banknotes, bonds

and debentures),equity securities, e.g.,

common stocks; and,derivative contracts, such as forwards,

futures, options and swaps.

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Reasons for the establishment of SEBI

1. The capital market had witnessed a tremendousgrowth during the 1980’s characterized by the

increasing participation of the public.

2. This ever expanding investor population and

market capitalization led to a variety ofmalpractices on the part of

companies,brokers,merchant bankers,

investment consultants and others involved inthe securities market. 

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Reasons for the establishment of SEBI

3. The glaring examples of these malpractices includeexistence of self styled merchantbankers, unofficial

private placements, rigging of prices, unofficial premium

on new issues, non adherence of provisions of The

Companies Act, violation of rules and regulations of

stock exchanges and listing requirements, delay in

delivering shares etc.

4. These malpractices and unfair trade practices have

eroded investor confidence and multiplied investor

grievances 

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Functions and responsibilities

1. Quasi-Legislative: Drafting of regulations

2. Quasi-Executive: Conducting investigation and conduction of

action3. Quasi-Judicial: Passing rulings and ordersThe Preamble of the Securities and Exchange Board of India describes the basic

functions of the Securities and Exchange Board of India as "...to protect the

interests of investors in securities and to promote the development of, and to

regulate the securities market and for matters connected therewith or incidentalthereto".SEBI has to be responsive to the needs of three groups, which

constitute the market:

the issuers of securities

the investors

the market intermediaries.

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The SEBI is managed by its members, which consists offollowing:

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.

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SEBI has been vested with the following powers:

1.to approve by−laws of stock exchanges.sebi 

2.to require the stock exchange to amend their by−laws. 

3.inspect the books of accounts and call for periodicalreturns from recognized stock exchanges.

4.inspect the books of accounts of a financial

intermediaries.

5.compel certain companies to list their shares in one ormore stock exchanges.

6.registration brokers.

there are two types of brokers.

1.circuit broker 2.merchant broker

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The above were the 50 companies listed in NIFTY 50

and their market stratures when market closedyesterday.

The list is revised regularly. So if a company was

included in the list in 2012, it might be in the list today.

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KUSHAL WALIA