What Is The SEBI Full Form?
SEBI Full Form: SEBI’s Full Form, What happens to SEBI, what does the full name of SEBI mean, you will find all such questions in this Post.
SEBI Full Form – What happens to SEBI
SEBI’s full form is the Securities and Exchange Board of India. This is called the Securities and Exchange Board of India in Hindi. SEBI was established on April 12, 1988, as a non-constitutional body.
After the establishment of SEBI, on 30 January 1992, the Government of India granted constitutional status to SEBI through an ordinance in Parliament. SEBI is headquartered in Mumbai. And SEBI also has some regional offices located in Delhi, Chennai, Kolkata, and Ahmedabad.
Sebi is thus headquartered in four metros, apart from Mumbai.
SEBI is managed by its members. Sebi has 6 members in its entire management, one is the Member Chairperson and the other five are of different functions of the Member.
Functions of SEBI
Sebi’s functions and powers are listed in the SEBI Act, 1992. SEBI caters to the needs of the three parties operating in the Indian capital market. These three participants are mentioned below:
Issuers of the Securities – Security issuing companies are listed on the stock exchange. Most companies issue shares to raise funds.
SEBI ensures that the initial public offering IPO and follow-up public offer FPO issuance can be in a healthy and transparent manner.
Protects the Interests of Traders & Investors – Capital markets are operating only because traders are present that it is a reality. SEBI is responsible for protecting their interests and ensuring that investors do not become victims of any stock market fraud or manipulation.
Financial Intermediaries – SEBI acts as an intermediary in the stock market to ensure that all market transactions are secured and smooth. SEBI monitors every activity of financial intermediaries such as brokers, sub-brokers, NBFCs, etc.
Powers of SEBI
The Securities and Exchange Board of India has been provided with some broad powers to be able to function efficiently and to have certain control over the market.
Quasi-Judicial can hear SEBI with this right and pass ruling judgments in cases of unethical and fraudulent business practices.
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SEBI ensures transparency, fairness, accountability, and reliability in the capital market. The SEBI PSCL case is an example of this power.
SEBI can also inspect the books of accounts for financial intermediaries.
SEBI may also inspect the books of accounts of any stock exchange to investigate irregularities.
If SEBI demands, such stock exchanges will have to provide any account, books, documents as requested.
SEBI can ask any company to list its shares on more than one stock exchange if they think it will be more beneficial to the market.
Establishment of SEBI
When SEBI was established in 1988 AD, Sebi’s initial capital was Rs 7.5 crore, meaning SEBI was set up at Rs 7.5 crore. And the capital it had given was given by three major companies IDBI ICICI and IRCI to launch SEBI at that time amounting to Rs 7.5 crore by these three companies.
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