SEBI: Securities and Exchange Board of India
In this article, I will tell you the full form of SEBI, history and functions of SEBI.
The full form of SEBI is Securities and Exchange Board Of India which is a regulator for the securities market in India.
The SEBI was formed in 1988 as a non-statutory body and after that, it became an autonomous body by Government of India in 1992. On 12 May 1992 government give statutory powers to SEBI under SEBI act 1992 passed by Indian Parliament.
SEBI has its headquarters in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai and Ahmedabad respectively. It has opened local offices at Jaipur and Bangalore.
Powers of SEBI
SEBI is incorporated with some necessary powers to function properly. These powers are:
- Ensure certain companies to list their shares in one or more stock exchanges.
- Imposes fees and other charges on the intermediaries for performing its function.
- Check the books of accounts of financial intermediaries.
Hope you enjoyed reading the article on Full Form Of SEBI.
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