WHAT IS Sebi?
Sebi (Securities and Exchange board of India) is a regulatory body it started in1992 when SEBI ACT 1992 was passed. Sebi is an authority that mandates to protect the interests of investors and securities and to promote the development and to regulate the security market so that to establish a dynamic and efficient securities market contributing to Indian economy
Introduction to Sebi
Sebi established in 1988 and became a fully autonomous body by the year 1992 with defined responsibilities to cover both development & regulation of the market.
A Board by the name of the Securities and Exchange Board of India (SEBI) were constituted under the SEBI Act to administer its provisions in 1992 with one chairman and five members. The act empowered Sebi with necessary powers in regulate the activities connected with marketing of securities and investment of stock exchange, merchant banking, portfolio
Management, stock brokers and others in India.
MAIN OBJECTIVE OF Sebi-
1. Towards investor-To protect their interest.
2. Towards Capital issuers-To create good market environment for
Raising funds.
3. Towards intermediaries-to generate professionalism in their activity.
ROLE AND FUNCTION OF Sebi-
1Protection of investor’s interest
2Guidelines on capital issuer’s
3Regulate working of mutual funds
4Regulate merchant banking services
5Portfolio management
6Regulate stock broker’s activity
7Restriction on insider trading
8Rolling settlement
9Dematerialisation of shares
Complete Sebi Act, its Rules and Regulations are given in this section.
ACTS OF Sebi
· 28 May, 2007 Securities Contracts (Regulation) Amendment
Act
· 20 Sep, 1996 the Depositories Act 1996
· 30 Jan, 1992 Securities and Exchange Board of India Act
· 16 Feb, 1957 the Securities Contract (Regulations) Act 1956
[Updated upto2004]
RULES OF SEBI
07 September, 2006 Central Government Notification rescinding 7 SEBI
Intermediary rules
11 April, 2005 Depositories (Procedure for Holding Inquiry and
Imposing Penalties by Adjudication Officer) Rules
6 October, 2003 Amendment to SCR Rules
18 February, 2000 Depositories (Appeal To Securities Appellate
Tribunal rules, 2000
11 September, 1995 Securities and Exchange Board of India Appellate
Tribunal (procedure) rules
10 July, 1995 Securities and Exchange Board of India (Procedure)
Rules for Inquiry and imposing penalties by
Adjudicating rules
14 July, 1994 Securities and Exchange Board of India (Bankers to
An issue)
29 December, 1993 the Securities and Exchange Board of India1993
(Debenture trustees) rules
08 October, 1993 Securities and Exchange Board of India (underwriters)
31 May, 1993 Securities and Exchange Board of India (Registrars to
To an issue) share transfer agents
02 April, 1993 Securities and Exchange Board of India (Appeal to
Central government) rules
07 January, 1993 Securities and Exchange Board of India (Portfolio
Managers)
22 December, 1992 Securities and Exchange Board of India (Merchant
Bankers) rules, 1992
20 August, 1992 Securities and Exchange Board Of India (Stock
Brokers and sub-brokers
29 December, 1993 the Securities and Exchange Board of India
Debenture trustees rule, 1993
08 October, 1993 Securities and Exchange Board of India (Underwriters)
Rules, 1993
31 May, 1993 Securities and Exchange Board of India (Registrars to
An issue Share Transfer Agents) Rules 1993
02 April, 1993 Securities and Exchange Board of India (Appeal to
Central Government) Rules 1993
07 January, 1993 Securities and Exchange Board of India (Portfolio
Managers)
22 December, 1992 Securities and Exchange Board of India (Merchant
Bankers) rules 1992
20 August, 1992 Securities and Exchange Board Of India (Stock
Brokers and sub- Brokers) Rules 1992
29 December, 1993 the Securities and Exchange Board of India
(Debenture trustees) Rules 1993
08 October, 1993 Securities and Exchange Board of India (Underwriters)
Rules 1993
31 May, 1993 Securities and Exchange Board of India (Registrars to
An issue and Share Transfer Agents) Rules 1993
02 April, 1993 Securities and Exchange Board of India (Appeal to
Central Government) Rules 1993
07 January, 1993 Securities and Exchange Board of India (Portfolio
Managers)
22 December, 1992 Securities and Exchange Board of India (Merchant
Bankers) rules 1992
20 August, 1992 Securities and Exchange Board of India (Stock Brokers and
sub-Brokers) Rules 1992
REGULATION OF SEBI
29 May, 2007 SEBI (Buy-Back of Securities) (Amendment) Regulations
SEBI (Merchant Bankers) (Amendment) Regulations, 2007
SEBI (Mutual Funds) (Amendment) Regulations, 2007
SEBI (Substantial Acquisition of Shares and Takeovers)
23 April, 2007 SEBI (Manner of Service of Summons and Notices
Issued by the board, 2007
8 January, 2007SEBI (Foreign Institutional Investors) (Amendment)
Regulation, 2007
Securities and Exchange Board of India (Foreign
Institutional investor) Amendment)
14 Dec, 2006 Securities and Exchange Board Of India (Regulatory Fee
On stock Exchanges) 2006
30 Nov, 2006 SEBI (Portfolio Managers) (Third Amendment)
Regulation, 2006
13 Nov, 2006 Securities Contracts (Regulation) (Manner of Increasing
And maintaining public shareholding in recognized stock
Exchange) Regulations, 2006
09 Nov, 2006 SEBI (Ombudsman) (Amendment) Regulations, 2006
31 Oct, 2006 Securities and Exchange Board of India (Custodian of
Securities) (second amendment) Regulations, 2006
25 Sep, 2006Securities and Exchange Board of India (Stock Brokers and
Sub-brokers) regulation,
07Sept, 2006 SEBI (Bankers to an Issue) (Amendment) Regulations, 2006
SEBI (Credit Rating Agencies) (Amendment) Regulations,
SEBI (Debenture Trustees) (Amendment) Regulations, 2006
SEBI (Merchant Bankers) (Third Amendment) Regulations,
SEBI (Registrars to an Issue and Share Transfer Agents)
SEBI (Stock Brokers and Sub-brokers) (Second Amendment)
SEBI (Underwriters) (Amendment) Regulations, 2006
Securities and Exchange Board of India (Portfolio Managers)
(Amendment 2)
SEBI (Underwriters) (Amendment) Regulations, 2006
Securities and Exchange Board of India (Portfolio
Managers) (amendment 2)
06 Sep, 2006SEBI (Foreign Venture Capital Investors) (Amendment)
SEBI (Venture Capital Funds) (Second Amendment)
23 Aug, 2006Securities and Exchange Board of India (Procedure for
Holding Enquiry by Enquiry Officer and Imposing Penalty)
(Amendment) regulation
21 Aug, 2006 Corrigendum to earlier notifications S.O. No.5 (E), 28(E)
And 779(E) of 2005
SEBI (Buy-back of Securities) (Amendment) Regulations,
SEBI (Foreign Institutional Investors) (Second Amendment)
SEBI (Substantial Acquisition of Shares and Takeovers)
(Second Amendment) Regulations, 2006
03 Aug, 2006Securities and Exchange Board Of India (Mutual Funds)
(Third Amendment) Regulations, 2006
01 Aug, 2006 Securities and Exchange Board of India (Stock Brokers
And Sub Brokers) (Amendment) Regulations, 2006
05 July, 2006 Securities and Exchange Board of India (Portfolio
Managers) (Amendment) Regulations, 2006
26 June, 2006Securities and Exchange Board Of India (Foreign
Institutional Investors) (Amendment) Regulations, 2006
31 Mar, 2005 Notification issued under regulation 6(1) of the SEBI
(Central Database of Market Participants) Regulations, 2003
15 July, 2004 SEBI (Interest Liability Regularization) Scheme, 2004
10 Mar, 2004 Securities and Exchange Board Of India (Criteria for Fit
And Proper Person) Regulations, 2004
19 Feb, 2004 Securities and Exchange Board of India (Self Regulatory
Organizations) regulations, 2004
20 Nov, 2003 Securities and Exchange Board Of India (Central Database
Of Market Participants) Regulations, 2003 - PDF
21 Aug, 2003 Securities and Exchange Board of India (Central Listing
Authority) Regulations, 2003 (Since Repealed w.e.f.
02.01.2007) -PDF
Securities and Exchange Board of India - Ombudsman
Regulation 2003
17 July, 2003 Securities and Exchange Board of India (Prohibition of
Fraudulent and Unfair Trade Practices relating to the
Securities Market) Regulations, 2003
27 Sep, 2002 SEBI (Procedure for Holding Enquiry by Enquiry Officer
And Imposing Penalty) Regulations 2002
24 Sep, 2002 SEBI (Issue of Sweat Equity) Regulations, 2002 - Amended
As up to August 27, 2003
12 Jun, 2001 Securities and Exchange Board of India (Procedure for
Board Meetings) Regulations, 2001
15 Sep, 2000 Securities and Exchange Board of India (Foreign Venture
Capital Investors) Regulations 2000
15 Oct, 1999 SEBI (Collective Investment Schemes) Regulations, 1999
[As amended up to 30/06/2002]
07 July, 1999 SEBI (Credit Rating Agencies) Regulations, 1999
14 Nov, 1998 Securities and Exchange Board Of India (Buy Back Of
Securities) Regulations, 1998
20 Feb, 1997 Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations 1997
09 Dec, 1996 Securities and Exchange Board of India (Mutual Funds)
Regulations, 1996
04 Dec, 1996 Securities and Exchange Board of India (Venture Capital
Funds) Regulations 1996
16 May, 1996 Securities and Exchange Boar1111d Of India (Custodian of
Securities) Regulations, 1996
Securities and Exchange Board of India (Depositories and
Participants) Regulations, 1996
14 Nov, 1995 Securities and Exchange Board of India (Foreign
Institutional Investors) Regulations, 1995
14 July, 1994 Securities and Exchange Board of India (Bankers to an
Issue) Regulations, 1994
29 Dec, 1993 the Securities and Exchange Board of India (Debenture
Trustees) Regulations, 1993
08 Oct, 1993 Securities and Exchange Board of India (Underwriters)
Regulations 1993
31 May, 1993 Securities and Exchange Board of India (Registrars to an
Issue and Share Transfer Agents) Regulations, 1993
07 Jan, 1993 Securities and Exchange Board of India (Portfolio
Managers) regulations
22 Dec, 1992 Securities and Exchange Board of India (Merchant
Bankers) regulation 1992
19 Nov, 1992 Securities and Exchange Board of India (Prohibition of
Insider Trading) Regulations 1992
23 Oct, 1992 Securities and Exchange Board of India (Stock Brokers and
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