Interesting Facts About SEBI: Full form of SEBI & Other Details

November 23, 2023

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Read here interesting facts about SEBI, full form of SEBI, functions and objectives of SEBI & other details

The Securities and Exchange Board of India (SEBI) serves as the primary regulatory authority responsible for overseeing and regulating both the securities and commodity markhttps://www.ixambee.com/exams/sebi-recruitmentets within India. This institution operates under the administrative jurisdiction of the Ministry of Finance, which falls under the larger umbrella of the Government of India.

The job of a SEBI Grade A Officer is highly-coveted. In this article, we will understand SEBI as an organization. For this, we will learn interesting and important facts about SEBI, the full form of SEBI, its functions, roles and objectives and other details. Aiming to illuminate SEBI’s intricacies, this piece becomes an invaluable resource for aspirants eyeing a career within this regulatory authority. For those aspiring to join SEBI’s esteemed workforce, this article stands as a crucial guide, equipping them with essential knowledge about their potential professional domain.

What is SEBI?

Full form of SEBI: Securities and Exchange Board of India

SEBI stands for Securities and Exchange Board of India, which acts as a regulator for the securities market in India. It was first established in the year 1988 as a non-statutory body.

SEBI received statutory powers on January 30, 1992 after the SEBI Act, 1992, was passed by the Parliament.

Additionally, the Government of India granted an autonomous status to SEBI on May 12, 1992. Before SEBI came into existence, the ‘Controller of Capital Issues’ acted as the regulatory authority.

About SEBI

Heads & Headquarters of SEBI

Chairman of SEBI: Madhabi Puri Buch
Establishment of SEBI: April 12, 1988
SEBI headquarters: Mumbai, Maharashtra (Bandra Kurla Complex)
Regional Offices of SEBI: Delhi (Northern), Kolkata (Eastern), Chennai (Southern) and Ahmedabad (Western). In the fiscal year 2013–2014, the organization established local offices in Jaipur and Bangalore, in addition to expanding its presence by opening offices in Guwahati, Bhubaneshwar, Patna, Kochi, and Chandigarh.

Functions of SEBI

What are the Functions and Responsibilities of SEBI?

The basic functions of SEBI are described by the Preamble of SEBI as “.. 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 there to”.

SEBI is responsible toward three categories of groups that form the securities market. Therefore, SEBI takes care of the needs or requirements of all these groups –

Apart from the above major functions that SEBI is expected to perform, now, let us broadly classify the other important functions in detail as follows –

Some other responsibilities are –

SEBI regulates the takeover of companies
SEBI registers and regulates the functioning of mutual funds
SEBI conducts enquiries and audits of exchanges

Also read: Are SEBI Employees Allowed to Trade?

Objectives of SEBI

Firstly, and most importantly, SEBI regulates activities of stock exchange in India.

It protects the rights of investors and ensures the security of their investment.

Also, SEBI prevents any misbehaviour or transgression in stock exchange activities. The balance between self-regulating businesses statutory regulations prevents malpractice.

Lastly, SEBI also formulates a code of conduct for the intermediary units.

Powers of SEBI

The powers of SEBI can be classified into three types :

SEBI Act, 1992

When was the SEBI Act passed?

The SEBI Act was passed in 1992.

SEBI Board Members

Presently, the SEBI Board comprises 5 members. This includes 1 chairperson and 4 full/whole-time members. They are;

Ms. Madhabi Puri Buch- Chairperson

Shri. Ashwani Bhatia- Whole-Time Member

Shri Ananth Narayan Gopalakrishnan- Whole-Time Member

Shri Amarjeet Singh- Whole-Time Member

Shri Kamlesh Chandra Varshney- Whole-Time Member

Also read: SEBI Grade A Generalist Notification 2023 Expected: A Hint from the Website

SEBI Investor Complaint Redressal System (SCORES)

SEBI handles complaints concerning securities issuance, transfer, and non-payment of dividends involving listed companies. Additionally, SEBI addresses complaints related to its registered intermediaries and associated matters.

SEBI established a complaint redressal set-up for the investors. It is called the SEBI Complaints Redressal System. This is usually denoted by the acronym- “SCORES”.

SCORES offers the convenience of lodging your complaint directly with SEBI through an online platform. Subsequently, you can track the status of your complaint through this system.

SEBI Grade A Exam Preparation

Aspiring a career path as a Grade A officer with SEBI warrants immediate action. Commence your preparation without delay by exploring ixamBee’s SEBI Grade A Online Course—an invaluable resource to kickstart your career journey. Initiating your groundwork sooner enhances your competitive edge among aspirants, fostering a robust preparation strategy. The course facilitates a proactive approach, empowering you to hone requisite skills and knowledge swiftly. Seize the present opportunity to optimize your readiness, as early preparation correlates with heightened performance and a strategic advantage in comparison to peers. Join the course promptly and chart a definitive path towards SEBI Grade A success.

Other Resources

Mock Tests

We also provide SEBI Grade A practice test series absolutely free! You can derive benefit from these top-quality mock tests on our website. Or, you could follow the links given below and take a test right away!

SEBI Grade A Phase 1 Mock Test

SEBI Grade A Phase 2 Mock Test

Previous Year Papers

Take a look at the SEBI Grade A previous year question papers to understand what you can expect in the SEBI Grade A 2022 exam.

SEBI Grade A Phase 1 Paper 1 Previous Year Paper

SEBI Grade A Officer Phase 2 Previous Year Paper

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