Securities & Exchange Board of India (Sebi)

8/14/2019 Securities & Exchange Board of India (Sebi)

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SECURITIES & EXCHANGEBOARD OF INDIA (SEBI)


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HISTORY

Set up originally in 1988 by Govt. of India

Acquired statutory form in 1992 underSEBI Act 1992

Chairman is MR.CB Bhave

Headquartered in Mumbai


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OBJECTIVES

Established in 1992 with three main objectives

To protect the interest of investors in securities

To promote the development of securities market

To regulate the securities market

To promote efficient services by brokers and other

intermediaries.


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SEBI MANAGEMENTA Board by the name of the Securities and Exchange Board of

India (SEBI) was constituted under the SEBI Act.

It consists of one Chairman and five members.

One each from the department of Finance and Law of the

Central Government.

One from the Reserve Bank of India.


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One from the Reserve Bank of India.

And two other persons and having its head office in

Bombay and regional offices in Delhi, Calcutta andMadras.

The Central Government reserves the right toterminate the services of the Chairman or anymember of the Board.


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ORGANISATION STRUCTURE

Board comprise of:

Chairman - Mr CB Bhave Joint Secretary, Ministry of Finance - Mr KP Krishnan Secretary, Ministry of Corporate Affairs - Mr Anurag Goel Director, National Judicial Academy, Bhopal - Dr G Mohan

Gopal Whole Time Member, SEBI - Mr MS Sahoo Whole Time Member, SEBI - Dr KM Abraham Whole Time Member, SEBI - Mr Prashant Saran Deputy Governer, RBI - Smt. Usha Thorat
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FUNCTIONS OF SEBI

REGULATORY FUNCTIONS

Regulation of stock exchange and self regulatoryorganisations.

Registration and regulation of stock brokers,

merchant bankers and such other intermediaries.

Registration and regulation of mutual funds andcollective investment schemes


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Cond

Prohibition of fraudulent and unfair trade practices.

Prohibition of insider trading in securities.

Regulating substantial acquisitions of shares and

take over of companies


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FUNCTIONS OF SEBI

DEVELOPMENTAL FUNCTIONS

Promoting investors education.

Training of intermediaries

Conducting research and published information usefulto all market participants.

Promoting & Regulating Self Regulatory Organizations


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POWERS OF SEBI

Power to call periodical returns from recognised stock exchanges.

Power to call any information or explanation from stock exchanges

or their members.

To direct enquiries to be made in relation to affairs of stock

exchanges or their members.

Power to grant approval to bye-laws of recognised stock exchanges.


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Cond

Power to make or amend bye-laws of recognised stock

exchanges.

Power to compel listing of securities by public companies.

Power to control and regulate stock exchanges.

Power to grant registration to market intermediaries.

Power to levy fees or other charges for carrying out thepurpose of regulation.


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INVESTOR PROTECTION

MEASURES

Simplification of share transfer and allotment procedure

Unique order code number

Time stamping of contracts

Role of sub-brokersRole of sub-brokers

Investor protection fundInvestor protection fund


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RESERVE BANK OF INDIA (RBI)


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Introduction The Reserve Bank of India is the central bank of India.

It was established on April 1, 1935.

In accordance with the provisions of the Reserve Bank of

India Act, 1934.

Headquarters -Mumbai, Maharashtra, India.

RBI has been fully owned by the Government of India since

nationalization in 1949


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Organization of RBI

Central Board of Directors

( 20 directors)

Governor(one)

(Chairman & full-time officer)

Deputy Governor(four)

Directors(fifteen)


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Contd

Local Boards

Eastern

Region

(kolkata)

WesternRegion

(Mumbai)

NorthernRegion

(new Delhi)

SouthernRegion

(Chennai)


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CONT.

The organization of RBI can be broadly

divided into three parts:-

1) Central Board of Directors.

2) Local board.

3) Offices of RBI.


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Present & Past GovernorsSir Osborne A. Smith

April 1, 1935 to June 30, 1937

Dr. Manmohan Singh

September 16, 1982 to January 14,1985


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Contd..

Dr.Y.V.Reddy

Sep 5, 2003 to sep 5, 2008

Dr D. Subbarao

Sep 5, 2008 to onwards


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Administrative

department of RBI

Department of currency management.

Department of banking supervision.

Rural planning and credit department.

Department of banking operation and development.

Exchange control department.

Industrial & export credit department.


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Contd..

Department of administrative & personnel management.

Department of government & bank accounts.

Department of Non-Banking supervision.

Internal dept management department.

Inspection department.

Department of information & technology.


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Objective and reasons for the

establishment of rbi

To manage the monetary & credit system of the country.

To stabilize internal & external value of rupee. For balance & systematic development of banking in the country.

For the development of the organized money market in the country.

For proper arrangement of agriculture finance.


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Contd

For proper arrangement of industrial finance.

For proper arrangement of public debts.

To establish monetary relations with other countries of the world

& international financial institutions.

For centralization of cash reserves of commercial banks.

To maintain balance between the demand and supply of currency.


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ROLE OF RBI

Issue of notes.

Banker, Agent, & advisor to the government.

Bankers bank.

Custodian of Foreign Exchange Reserve.

Regulation of banks

Credit control.


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Securities & Exchange Board of India (Sebi)

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