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Tuesday, December 8, 2009

Securities and Exchange Board of India (SEBI)

SEBI is a board established by govt. of india in 1991 after 
Harshad mehta scam.It's main function is to stop fradulant 
activities of stock market. it has full control over stock 
market.It ensure smooth functioning of capital market.
 
sebi security exchange board of india. it is located in 
mumbai and it protects the interests of investors in 
securities and promotes the development of the securities 
market through appropriate regulation. 
sebi stands for securities exchange board of india.which 
controls the stock exchange and which protects investors.
 
 
securities and Exchange Board of India Was formed in 
Jan,1992 as a single agency to look offer control over 
capital market ensure its orderly growth. 
In 1988 the Securities and Exchange Board of India (SEBI) 
was established by the Government of India through an 
executive resolution, and was subsequently upgraded as a 
fully autonomous body (a statutory Board) in the year 1992 
with the passing of the Securities and Exchange Board of 
India Act (SEBI Act) on 30th January 1992. In place of 
Government Control, a statutory and autonomous regulatory 
board with defined responsibilities, to cover both 
development & regulation of the market, and independent 
powers have been set up. Paradoxically this is a positive 
outcome of the Securities Scam of 1990-91.
 
 

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