14 Facts About SEBI

SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and Ahmedabad respectively.

Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues Act, 1947.

SEBI is managed by its members, which consists of the following:.

SEBI has to be responsive to the needs of three groups, which constitute the market:.

SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive.

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SEBI has taken a very proactive role in streamlining disclosure requirements to international standards.

SEBI has enjoyed success as a regulator by pushing systematic reforms aggressively and successively.

SEBI is credited for quick movement towards making the markets electronic and paperless by introducing T+5 rolling cycle from July 2001 and T+3 in April 2002 and further to T+2 in April 2003.

SEBI has been active in setting up the regulations as required under law.

SEBI did away with physical certificates that were prone to postal delays, theft and forgery, apart from making the settlement process slow and cumbersome by passing Depositories Act, 1996.

SEBI has been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco.

SEBI said, "The regulatory institution is under duress and under severe attack from powerful corporate interests operating concertedly to undermine SEBI".

SEBI specifically said that Finance Minister's office, and especially his advisor Omita Paul, were trying to influence many cases before SEBI, including those relating to Sahara Group, Reliance, Bank of Rajasthan and MCX.

The Indian Securities market regulator SEBI had given the recognized Securities exchanges two years to comply or exit the business.