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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