About SEBI (The Securities and Exchange Board of India (SEBI) :
The Securities and Exchange Board of India was established as a statutory body in the year 1992.
Headquarters: Mumbai, Maharashtra
Ministry: Ministry of Finance
Chairperson: Ms. Madhabi Puri Buch
The chairman is nominated by the Union Government of India. Two members, i.e., Officers from the Union Finance Ministry. One member from the Reserve Bank of India. The remaining five members are nominated by the Union Government of India, out of them at least three shall be whole-time members.
About National Stock Exchange
The National Stock Exchange is an Indian stock exchange headquartered in Mumbai, Maharashtra.
The NSE was designated as a stock exchange in 1993.
More than 2000 companies are listed on the NSE.
The NSE’s Stock Index – NIFTY – represents the top 50 stocks on the stock exchange.
About Bombay Stock Exchange (BSE)
The BSE is one of Asia’s oldest stock exchanges, with a long history of fast trading
The BSE was registered as a stock exchange in 1957 .
The Stock Index of the Bombay Stock Exchange (BSE) – SENSEX – provides the top 30 stock indexes.
More than 5000 companies are listed on the BSE.
Functions:
Quasi-legislative – drafts regulations
Quasi-judicial – passes rulings and orders
Quasi-executive – conducts investigation and enforcement action
SEBI is responsible for the needs of three groups:
Issuers of securities
Investors
Market intermediaries
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 recognized Securities exchanges.
Inspect the books of accounts of financial intermediaries.
Compel certain companies to list their shares in one or more Securities exchanges.
