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What is SEBI?
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Answer Posted / kumar kuruvatti
In 1988 the Securities and Exchange Board of India (SEBI)
was established by the Government of India through an
executive resolution, and was subsequently upgraded as a
fully autonomous body (a statutory Board) in the year 1992
with the passing of the Securities and Exchange Board of
India Act (SEBI Act) on 30th January 1992. In place of
Government Control, a statutory and autonomous regulatory
board with defined responsibilities, to cover both
development & regulation of the market, and independent
powers have been set up. Paradoxically this is a positive
outcome of the Securities Scam of 1990-91.
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