Securities and Exchange Board of India (SEBI)

  • SEBI is the statutory regulator for the securities market in India.
  • It was established in 1988 and given statutory powers through the SEBI Act, 1992.
  • HQ: Mumbai
  • Purpose: Protect the interests of investors in securities, promote the development of securities market and to regulate the securities market.
  • SEBI is responsive to needs of three groups, which constitute the market i.e.
    • issuers of securities,
    • investors and
    • market intermediaries.
  • It has three functions:
    • quasi-legislative (drafts regulations in its legislative capacity),
    • quasi-judicial (passes rulings and orders in its judicial capacity) and
    • quasi-executive (conducts investigation and enforcement action in its executive function).