SEBI (Securities and Exchange Board of India) was initially established as a non-statutory body in 1988 and given statutory powers through the SEBI Act, 1992. It is headquartered in Mumbai, with regional offices in Delhi, Chennai, Kolkata, and Ahmedabad.
Key Functions
- Protective: Investor education, preventing insider trading and fraudulent practices
- Developmental: Training market intermediaries, promoting fair practices
- Regulatory: Registering and regulating stock exchanges, brokers, mutual funds, FIIs, investment advisers, research analysts
Key Legislation
- SEBI Act, 1992
- Securities Contracts (Regulation) Act, 1956 (SC(R)A)
- Depositories Act, 1996
- Companies Act, 2013 (shared jurisdiction with MCA)