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Established 1992
Jurisdiction India
Head Chairman
Chairman CB Bhave
Official Website
Website www.sebi.gov.in
Objectives of SEBI
• Securities & Exchange Board of India (SEBI) formed
under the SEBI Act, 1992 with the prime objective of
– Protecting the interests of investors in securities,
– Makes rules and regulations for the securities market.
– It tries to develop the securities market.
Focus being the greater investor protection, SEBI has
become a vigilant watchdog
FUNCTIONS OF SEBI
A) Registration And Regulation Of The Working Of
Intermediaries
Primary Market Secondary Market
Portfolio Managers
• SEBI also has the authority to initiate penal actions against an erring MF.
– Stock Watch System, which has been put in place, surveillance over
insider trading would be further strengthened.
? If the issue size is more than Rs. 20 crores, merchant bankers are required to file
prospectus at SEBI, Mumbai office.
SEBI Guidelines- FOR INVESTORS
• Guidelines for new issues made by new companies
• New issues made by Private Ltd Companies
• Public issues by existing listed companies
• Listing of shares on the O.T.C.
• Underwriting is optional if the issue is made to the
public and should not include reserved or preferential
quota or employee’s quota
• Composite issues
• New financial instruments
• Reservation in issues
• Deployment of issue proceeds
• Lock in period
SEBI Guidelines- To Investors
• Deal with a registered member of the stock exchange
• Deals to be done in trading ring
• Give specific orders to buy or sell within fixed price
limits
• Contract notes to be passed
• Deal to be registered with the stock exchange in
Block Book
• Collect a settlement table from the stock
exchange
• Keep separate record of dealings
• Execute periodic settlements of dues and
delivery of shares
• Insist on delivery