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Securities and Exchange Board of India

  • IASbaba
  • December 29, 2021
  • 0
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Securities and Exchange Board of India

Part of: Prelims and GS-III Economy

Context  the Securities and Exchange Board of India, approved a ceiling of 35% on the Initial Public Offering (IPO) proceeds to be used to make unspecified acquisitions.

The Securities and Exchange Board of India (SEBI) 

  • It is the regulator of the securities and commodity market in India owned by the Government of India. 
  • It was established in 1988 and given statutory status through the SEBI Act, 1992. 
  • SEBI is responsible to the needs of three groups:
    • Issuers of securities
    • Investors
    • Market intermediaries
  • Functions
    • Quasi-legislative – drafts regulations 
    • Quasi-judicial – passes rulings and orders 
    • Quasi-executive – conducts investigation and enforcement action 
  • Powers:
    • To approve by−laws of Securities exchanges.
    • To require the Securities exchange to amend their by−laws.
    • Inspect the books of accounts and call for periodical returns from recognised Securities exchanges.
    • Inspect the books of accounts of financial intermediaries.
    • Compel certain companies to list their shares in one or more Securities exchanges.
    • Registration of Brokers and sub-brokers

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