SEBI - Page 302

SEBI : Amendment to SC(R)A, 1956 for corporate members

SMD-II/11557/92 (19/11/1992)

The amendment facilitates the entry of companies as defined in the Companies Act, 1956, as members to the stock exchanges subject to the conditions mentioned therein. It is requested that applications from corporate members may be called for by issuing a suitable notice in the press. ...

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SEBI : Brokers, sub-brokers rules and regulations

SMD-II(B)/13/11464/92 (16/11/1992)

Please find enclosed one copy of the Securities and Exchange Board of India (Stock Brokers & Sub-Brokers) Rules, 1992 and the Securities and Exchange Board of India (Stock Brokers & Sub-Brokers) Regulations, 1992. Kindly acknowledge the receipt of this letter....

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SEBI : Collection of Registration fees for brokers.

SMD-II/REGN/38/92 (07/11/1992)

You are also requested to separately check the authenticity of the figures mentioned in your letter by obtaining an audit certificate from the member-brokers and forward the same to SEBI. In case, the actual turnover of any broker is found to be higher than the one mentioned in your letter, you are requested to collect the additional fee...

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SEBI : (Stock Brokers and Sub-brokers) Regulations 1992

Notification No. GSR 780(E) (23/10/1992)

The stock exchange shall forward the application form to the Board as early as possible but not later than thirty days from the date of its receipt....

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SEBI : Minutes of meeting of September 25, 1992

Ref : SE/10277 (14/10/1992)

The presidents also felt that Companies Act, 1956, permitting companies to send abridged balance sheets to the shareholders needed to be amended forthwith, preferably by way of an Ordinance, to ensure that all shareholders were supplied with the full copy of the balance sheets....

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SEBI : Listing fees from 1992-93 to 1996-97

Ref. SE/10118 (12/10/1992)

The Exchange is directed to set aside atleast 20% of the listing fees for providing services to the investing public. The exchange is also directed to provide daily quotation, other publications, computerised services and other services to the members of the stock exchange at cost price. The exchange would contribute 5% of total listing f...

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SEBI : Multiple Membership Criteria

Ref. SE/9281 (28/09/1992)

The Modification has been sought with regard to eligibility of a person, who has been a member of any stock exchange for a period of less than 5 years, to apply for membership in another exchange. It was proposed that such a person may be permitted to become member of another stock exchange if he agrees to relinquish the membership of the...

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SEBI : Inspection of brokers’ books

Ref. SE/7566 (06/08/1992)

after the inspection of records of the member brokers, the findings of the Exchange indicating whether the aforesaid directive of the Government has been implemented by brokers....

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SEBI : Delegation of Powers to SEBI under SC(R), Act, 1956

Ref. SE/7423 (04/08/1992)

The Government has further issued a notification on July 30, 1992 directing that the powers under the sub-section (5) of Section 4 and Sections 7, 8, 11, 12 and 16 of the Securities Contracts (Regulation) Act, 1956, which are exercisable by the Central Government shall also be exercisable by Securities and Exchange Board of India (SEBI). ...

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SEBI : Fixation of record dates preceding an issue

ref: SE/7041 (24/07/1992)

It is reported that some companies recently approached the Stock Exchanges to change the record dates which were fixed earlier in consultation with the Stock Exchanges. It should be noted in this connection that in accordance with the Guidelines for Disclosures and Investor Protection issued by the Securities and Exchange Board of India (...

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Latest SEBI News

Get the Latest News on SEBI from Taxguru. Read all the relevant SEBI circulars, updates to SEBI Act and SEBI Regulations exclusively at Taxguru.

SEBI (Securities and Exchange Board of India) was established in 1988 as a non-statutory body to regulate the Indian securities market. On April 12th, 1992, the Government of India made SEBI an autonomous body and offered statutory powers by passing the SEBI Act 1992 in the Parliament. SEBI is the regulator for the Indian securities market and has three major functions:  quasi-judicial, quasi-legislative and quasi-executive.

With the increase in the number of dealings in the Indian stock markets, a lot of malpractices was seen like price rigging, the unofficial premium on a new issue, delay in shares delivery, violations with respect to rules and regulations of the stock exchange and the listing requirements. With all such malpractices in place, the customers were losing their faith and confidence in the Indian stock exchange. Hence, the Indian government decided to set up a regulatory body or an agency known as SEBI (Securities Exchange Board of India).

SEBI drafts the regulations in the legislative capacity, it conducts investigations and enforces actions as per its executive function and it also passes orders and rulings as per its judicial capacity.The Indian Government has been vested SEBI with the following powers:

  • for approving the by−laws of stock exchanges.
  • requiring the stock exchange for amending their by−laws.
  • inspecting the books of accounts and calling for periodical returns from the recognized stock exchanges.
  • inspecting the books of accounts of the financial intermediaries.
  • compelling companies for list their shares on stock exchanges.
  • registration brokers.

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