Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
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”
SEBI's governing board comprises of the Chairman, two members from the
ministries of the central government dealing with finance and law, two
professional members with experience or special knowledge of securities
market, and one member from the RBI. All members, except the RBI member,
are appointed by GOI. Their terms of office, tenure, and conditions of
service is also laid down by GOI. It can also remove any member from
office under certain circumstances.
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