Securities & Exchange Board Of India (sebi)

SECURITIES & EXCHANGE BOARD OF INDIA (SEBI)

HISTORY  Set

up originally in 1988 by Govt. of India  Acquired statutory form in 1992 under SEBI Act 1992  Chairman is MR.CB Bhave  Headquartered in Mumbai

OBJECTIVES Established in 1992 with three main objectives  To

protect the interest of investors in securities

 To

promote the development of securities market

 To

regulate the securities market

 To

promote efficient services by brokers and other intermediaries.

SEBI MANAGEMENT A

Board by the name of the Securities and Exchange Board of India (SEBI) was constituted under the SEBI Act.

 It

consists of one Chairman and five members.

 One

each from the department of Finance and Law of the Central Government.

 One

from the Reserve Bank of India.

 One

from the Reserve Bank of India.

 And

two other persons and having its head office in Bombay and regional offices in Delhi, Calcutta and Madras.

 The

Central Government reserves the right to terminate the services of the Chairman or any member of the Board.

ORGANISATION STRUCTURE Board comprise of:        

Chairman - Mr CB Bhave Joint Secretary, Ministry of Finance - Mr KP Krishnan Secretary, Ministry of Corporate Affairs - Mr Anurag Goel Director, National Judicial Academy, Bhopal - Dr G Mohan Gopal Whole Time Member, SEBI - Mr MS Sahoo Whole Time Member, SEBI - Dr KM Abraham Whole Time Member, SEBI - Mr Prashant Saran Deputy Governer, RBI - Smt. Usha Thorat

FUNCTIONS OF SEBI REGULATORY FUNCTIONS  Regulation of stock exchange and self regulatory organisations.  Registration

and regulation of stock brokers, merchant bankers and such other intermediaries.

 Registration

and regulation of mutual funds and collective investment schemes

Cond…  Prohibition

of fraudulent and unfair trade practices.

 Prohibition

of insider trading in securities.

 Regulating

substantial acquisitions of shares and take over of companies

FUNCTIONS OF SEBI DEVELOPMENTAL FUNCTIONS  Promoting  Training

investor’s education.

of intermediaries

 Conducting

research and published information useful to all market participants.

 Promoting

& Regulating Self Regulatory Organizations

POWERS OF SEBI  Power

to call periodical returns from recognised stock exchanges.  Power to call any information or explanation from stock exchanges or their members.  To direct enquiries to be made in relation to affairs of stock exchanges or their members.  Power to grant approval to bye-laws of recognised stock exchanges.

Cond… Power to make or amend bye-laws of recognised stock exchanges.  Power to compel listing of securities by public companies.  Power to control and regulate stock exchanges.  Power to grant registration to market intermediaries.  Power to levy fees or other charges for carrying out the purpose of regulation. 

INVESTOR PROTECTION MEASURES  Simplification  Unique  Time

of share transfer and allotment procedure

order code number

stamping of contracts

 Role of sub-brokers  Investor protection fund

RESERVE BANK OF INDIA (RBI)

Introduction 

The Reserve Bank of India is the central bank of India.



It was established on April 1, 1935.



In accordance with the provisions of the Reserve Bank of India Act, 1934.



Headquarters -Mumbai, Maharashtra, India.



RBI has been fully owned by the Government of India since nationalization in 1949

Organization of RBI Central Board of Directors ( 20 directors) Governor (one) (Chairman & full-time officer) Deputy Governor (four) Directors (fifteen)

Contd… Local Boards

Eastern

Western

Northern

Southern

Region

Region

Region

Region

(kolkata)

(Mumbai)

(new Delhi)

(Chennai)

CONT…. The organization of RBI can be broadly divided into three parts:1)

Central Board of Directors.

2)

Local board.

3)

Offices of RBI.

Present & Past Governors Sir Osborne A. Smith April 1, 1935 to June 30, 1937

Dr. Manmohan Singh September 16, 1982 to January 14,1985

Contd….. Dr.Y.V.Reddy Sep 5, 2003 to sep 5, 2008

Dr D. Subbarao Sep 5, 2008 to onwards

Administrative department of RBI 

Department of currency management.



Department of banking supervision.



Rural planning and credit department.



Department of banking operation and development.



Exchange control department.



Industrial & export credit department.

Contd….. 

Department of administrative & personnel management.



Department of government & bank accounts.



Department of Non-Banking supervision.



Internal dept management department.



Inspection department.



Department of information & technology.

Objective and reasons for the establishment of rbi 

To manage the monetary & credit system of the country.



To stabilize internal & external value of rupee.



For balance & systematic development of banking in the country.



For the development of the organized money market in the country.



For proper arrangement of agriculture finance.

Contd…… 

For proper arrangement of industrial finance.



For proper arrangement of public debts.



To establish monetary relations with other countries of the world & international financial institutions.



For centralization of cash reserves of commercial banks.



To maintain balance between the demand and supply of currency.

ROLE OF RBI 

Issue of notes.



Banker, Agent, & advisor to the government.



Banker’s bank.



Custodian of Foreign Exchange Reserve.



Regulation of banks



Credit control.

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