MADE BY : AKSHAY VIRKAR

Topic

Agenda
Introduction
Headquarters Board of directors Role & functions Guidelines for IPO Guidelines for brokers & sub-brokers New regulations of SEBI Conclusion

Introduction
The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India

Formed by Government of India

Year of establishment: 12 April,1992 Before SEBI the regulatory authority was Controller of Capital Issues

 SEBI was a non statutory body without any statutory power before 1995
In April 1998 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India

The SEBI is managed by six members -Chairman nominated by Central Government - 2 members .i.e. officers of central ministry -One member from the RBI -The remaining 2 are nominated by the Central Government

Headquarters

Headquarters: Mumbai, Maharashtra

Boards of Directors

Mr. U. K. Sinha, Chairman

Mr. Prashant Saran Whole-Time Member

Mr. Rajeev Agarwal Whole-Time Member

Dr.Thomas Mathew Joint Secretary

Mr. V. K. Jairath Appointed Member by GOI

Mr. Anand Sinha Deputy Governor Reserve Bank of India

Mr. Naved Masood Secretary

Roles & Functions

To protect the interests of investors To regulate and control the business on stock exchanges and other security markets To make registration and to regulate the functioning of intermediaries To register and regulate the working of mutual funds including UTI

 To prohibit frauds and unfair practices of intermediaries operating on securities markets

To issue guidelines to companies regarding capital issues To conduct inspection, inquiries & audits of stock exchanges, intermediaries

Guidelines for IPO

1

Registered Under Indian Companies Act 1956 Atleast 3 years track record in market Limit on Issue of shares to general public Promoter Contribution

Collection centers for receiving applications

Allotment of shares Timeframes for the Issue and Post- Issue formalities Despatch of Refund Orders

Regulations for a Stock Broker & Sub Broker

Stock

broker means A member of A stock exchange Sub broker not being a member of a stock exchange but acts on behalf of a stock broker A stock broker & sub broker should hold a certificate by the board under the regulations

Conditions for grant of certificate to Stock-broker

He holds the membership of any stock exchange He should accept the rules & regulation of the stock exchange
Changes in the status & constitution a stock broker should obtain permission from the board

 Pay the amount of fees provided in the regulations He should take adequate steps for the grievances by the investors

Conditions for grant of certificate to Sub-broker

Pay the amount of fees provided in the regulations
He should take adequate steps for the grievances by the investors Changes in the status & constitution a sub broker should obtain permission from the board He should be authorized in writing by the stock broker

New regulations of SEBI

E-IPO will be stating
Size of application of shares has been raised to Rs.10,000 15,000 from Rs.5,000 7,000

Flexibility in quantity of Total Expense Ratio allowed Mutual Funds can accept for application up to Rs.20,000

Conclusion
The economic growth of developing countries such as India needs both well-developed financial markets and regulation that ensures an orderly functioning of these markets. The regulatory bodies in India .i.e. SEBI is governed by special status that enjoys different legal powers which ensures smooth transaction between the investors and the markets