ROLL NO: 321. CLASS: SYBBI. GROUP NO: 1 SEBI ACT 1992 INTRODUCTION: The Securities and Exchange Board of India Act, 1992 (the SEBI Act) is an Act of the Parliament of India enacted for regulation and development of securities market in India. It was amended in the years 1995, 1999 and 2002 to meet the requirements of changing needs of the securities market. HISTORY It was officially established by the Government of India in the year 1988 and given statutory powers in 1992 with SEBI Act, 1992 being passed by the Indian Parliament. In April 12,1988 the SEBI was constituted as the regulatory of capital market in India under of the government of India (as a non-statutory body). It was later made a statutory body on April 4,1992 and it came to be known as the SEBI Act, 1992. Controller of capital issue was the regulatory authority of the SEBI came into existence; it derived authority from the capital issue (Control Act, 1947). POWERS OF THE SEBI 1. Power to Inspect – Section 11 (3). 2. Power of Civil Court exercisable by SEBI – Section 11(3). 3. Power of SEBI where inquiry or investigation is pending – Section 11(4). 4. Powers relating prohibition and regulation of issue of prospectus – Section 11(A). 5. Power to issue Directions – Section 11 (B). THANKYOU