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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
• 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