What is the full form of SEBI?
Securities and Exchange Board of India is the full form of SEBI. Established in 1992 under the Securities and Exchange Board of India Act, 1992, SEBI is a statutory regulatory authority of the securities and commodity market in India. It is responsible to protect the interests of investors by regulating the securities market.
Headquartered in Mumbai, it has offices in New Delhi, Kolkata, Chennai and Ahmedabad for north, east, south and west regions respectively.
Also Read: Indian Stock Market: NRI Investment in India in 2021
Ajay Tyagi is the current chairman of SEBI. The organization consists of 20 departments to regulate the Indian financial market. All departments are led by their respective supervisors.
- Human Resources Department (HRD)
- Information Technology Department (ITD)
- Office of International Affairs (OIA)
- Market Intermediaries Regulation and Supervision Department (MIRSD)
- Corporation Finance Department (CFD)
- Commodity Derivatives Market Regulation Department (CDMRD)
- Investment Management Department (IMD)
- Department of Economic and Policy Analysis (DEPA)
- Department of Debt and Hybrid Securities (DDHS)
- Enforcement Department – 1 (ED-1)
- Enforcement Department – 2 (ED-2)
- Enquiries and Adjudication Department (EAD)
- General Services Department (GSD)
- Integrated Surveillance Department (ISD)
- Investigations Department (ID)
- Legal Affairs Department (LAD)
- Market Regulation Department (MRD)
- Office of Investor Assistance and Education (OIAE)
- Office of the Chairman (OCH)
- Regional Offices (ROs)
SEBI members consist of the following members:
- The chairman nominated by the Government of India
- Two members from the Union Finance Ministry
- One member from the Reserve Bank of India
- Five members are nominated by the Union Government of India, out of them, three should be whole-time members
Functions and responsibilities
- Safeguard the interest of investors and traders
- Registration of brokers and sub-brokers
- Approve by-laws of Securities Exchange
- Inspect the books of accounts of financial intermediaries
- Request the Securities Exchange to amend their by-laws
Also Read: PINS Account: NRI Stock Trading in India
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