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A CRITICAL ANALYSIS
Flow of Presentation
A Brief History Introduction SEBI - Preamble Objectives Functions Contributions Summary
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A Brief History
Prior to SEBI the security markets and stock exchange were regulated by several Acts, which were:
The Bombay Securities Contracts Control Act, 1925 The Capital Issues (Control) Act, 1947
For a healthy growth of capital markets and to prevent malpractices in trading, the Government subsequently decided to set up a separate board for the regulation and orderly functioning of Stock Exchange and the securities industry
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Introduction
SEBI was established as a statutory authority through an Ordinance
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SEBI - PREAMBLE
The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto"
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Investors:
For investors it provides protection and supply of accurate and correct information
Intermediaries:
For intermediaries it provides a competitive professional market
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Basic Objectives
To protect the interests of investors in securities
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Powers of SEBI
Powers relating to stock exchanges and intermediaries:
SEBI has wide powers regarding the stock exchanges and intermediaries dealing in securities It can ask information from the stock exchanges and intermediaries regarding their business transactions for inspection/scrutiny and other purposes
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Functions of SEBI
The SEBI performs functions to meet its objectives.
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infrastructure
Dramatic transformation to a paperless market and transparent trading system
Cutting the settlement cycle and now going forward towards a T+1 settlement
system SEBI has made the markets much safer for investors
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Contributions
Issue of guidelines Public interest advertisements Dealing with complaints of investors Investor education Investor surveys Introduction to stockinvest Disclosures by companies
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Shri Rajeev Kumar Agarwal Whole-Time Member, SEBI, SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400051
Shri Prashant Saran Whole-Time Member, SEBI, SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400051.
Shri S. Raman Whole-Time Member, SEBI, SEBI Bhavan, Bandra Kurla Complex, Bandra (E), Mumbai - 400051.
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Shri Anand Sinha Deputy Governor Reserve Bank of India Member Nominated
Shri Prakash Chandra Chhotaray IRS (Retired Chairman of Income Tax Settlement Commission, New Delhi) Part-time Member
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Summary
For the development of any economy Capital Market, which is one of the main organ to mobilize funds of huge order shall evolve all steps to develop the market simultaneously bringing in the credibility in the financial market, which is watched world wide through effective and speedy implementable regulations, ultimately, protecting the interest of the Investors and the Country
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Currencies / Forex
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Delivery
Intraday Blue Chip Stocks
Settlement
Portfolio Liquidity
Volatility
Hedging Arbitrage
Insider Trading
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Roll No.
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Thank You