Smart Notes on SEBI and Its Functions



SEBI was constituted by Govt. Of India during 1988 and accorded statutory powers under SEBI Act 1992 , with the objectives

1. To protect interest of investors
2. To promote the development of security market
3. To regulate the security market.

Management :

1. Its managed by its Chairman and 5 members .

2. SEBI have 4 departments.
       
        A. Primary Market Department
        B. Issue Management Department
        C. Secondary Market Department
        D. Institutional Investment Department

3. It has 2 advisory committees , one for Primary and another for secondary market to provide advisory guidance in framing policies and regulations .


Actions :

1. Publication of quarterly results.

2. Introduction of stock invests for subscription.

3. Free pricing of equity issues by companies.

4. Completion of allotment within 30 days.

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