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What is SEBI?
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Answer Posted / sirisha
The Securities and Exchange Board of India Act, 1992 is
having retrospective effect and is deemed to have come into
force on January 30, 1992. Relatively a brief act containing
35 sections, the SE BI Act governs all the Stock Exchanges
and the Securities Transactions in India.
A Board by the name of the Securities and Exchange Board of
India (SE BI) was constituted under the SE BI Act to am
minister its provisions. It consists of one Chairman and
five members.
One each from the department of Finance and Law of the
Central Government, one from the Reserve Bank of India and
two other persons and having its head office in Bombay and
regional offices in Delhi, Calcutta and Madras.
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