SEBI - Page 304

SEBi : Clarifications on some of points – Guidelines for Disclosures and Investor Protection

Circular No. PMD/Cir.4730/92 (18/06/1992)

In respect of further issues, if there are no promoters, the "promoters contribution" will mean contribution by directors, friends, relatives, associates and contribution from them shall not be less than 25% or 20% of the total issue of equity capital as the case may be, with lock-in period of five years....

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SEBI : Review of the working of Stock Exchanges

ref:SE/4569 (17/06/1992)

Please refer to the circular F.No.4/16/SE/19 dated August 19, 1991 on the above subject issued by the Stock Exchange Division, Ministry of Finance directing the Stock Exchanges to implement certain measures in the interest of long term growth of the Stock market and for ensuring investor protection....

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SEBI : Monitoring and Inspection of brokers

ref:SE/4484/92 (29/05/1992)

You would be aware about the recent revelations about the alleged involvement of a few member brokers of the stock exchanges in the reported unauthorised practices adopted in the market for Government Securities which in turn enabled them to influence trading in and prices of shares in the stock exchanges....

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SEBI : Status of implementation of decisions

Ref : SE/10466 (10/09/1991)

Please refer to our letter dated February 4, 1991 enclosing a copy of directive issued by the Ministry of Finance F. No. 14/3/SE/85 dated November 14, 1985 regarding review of the existing system of Bye-laws and Regulations of Stock Exchanges relating to trading in securities and you were requested to ensure implementation of the instruct...

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SEBI: Review of the working of Stock Exchanges

Ref : SE/10454 (10/09/1991)

Please refer to directive F. No. 4/16/SE/91 dated August 19, 1991 issued by the Stock Exchange Division, Department of Economic Affairs, Ministry of Finance, advising all the Stock Exchanges to take certain measures in the interest of long-term growth of Stock market and for ensuring investor protection and send report on the implementati...

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SEBI : Monthly development report

Ref : SE/10453 (09/09/1991)

As you are aware SEBI has been, inter-alia, vested with the responsibilities relating to development and regulation of securities market and investor protection and advise Government on these matters. In order to perform these functions effectively, it is necessary that SEBI is kept apprised of various developments at the Stock Exchanges....

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SEBI : Information in prescribed format

Ref : SE/10452 (09/09/1991)

Please refer to our D.O. letter dated September 7, 1990 requesting you to send us information/data on the business done/major developments on the Stock Exchange on a daily basis in the format enclosed therewith. In this connection, it is observed that the information from several Stock Exchanges is not received on a regular basis and in s...

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SEBI: Disclosure of clients and transaction details

Ref . SE/ (04/02/1991)

Recently some stock brokers have been declared as defaulters by certain Stock Exchanges. The important among the reasons for this event as reported in the press were the default on the part of clients and/or over trading by clients and or brokers. ...

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SEBI: Contract notes and brokerage

Ref SE/ (04/02/1991)

We invite your attention to the bye-laws and rules framed by the Stock Exchange under the Securities Contracts (Regulation) Act, and the Rules thereunder which require that the member-brokers of the Stock Exchange should issue contract notes to their clients for the securities sold and purchased by them on behalf of the clients. ...

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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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