Objectives of Securities and Exchange Board of India Act 1992

Can you tell me in detail about the objectives of SEBI or Securities and Exchange Board of India Act 1992?

[Shaleen]

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India which was established in 1988.

It was given statutory powers on 12 April 1992 through the SEBI Act, 1992.

THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

It provides for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

Be it ratifying by Parliament in the 43rd year of the Republic of India as follows:

• CHAPTER I (Preliminary)
• CHAPTER II (Establishment Of The Securities And Exchange Board Of India)
• CHAPTER III (Transfer Of Assets, Liabilities, etc., Of The Existing Securities And Exchange Board To The Board)
• CHAPTER IV (Powers And Functions Of The Board)
• CHAPTER V (Registration Certificate)
• CHAPTER VA (Prohibition Of Manipulative And Deceptive Devices, Insider Trading And Substantial Acquisition Of Securities Or Control)
• CHAPTER VI (Finance, Accounts And Audit)
• CHAPTER VIA (Penalties and Adjudication)
• CHAPTER VIB (Establishment, Jurisdiction, Authority and Procedure of Appellate Tribunal
• CHAPTER VII (Miscellaneous)