Is SEBI a legislative body?

Is SEBI a legislative body?

SEBI is a statutory regulatory body established on the 12th of April, 1992. It monitors and regulates the Indian capital and securities market while ensuring to protect the interests of the investors, formulating regulations and guidelines.

Is SEBI a constitutional institution?

SEBI is nowhere mentioned in our constitution, SEBI law was passed to protect interests of investors in security market, which make SEBI a statutory body.

When did SEBI become an autonomous body?

In 1988, SEBI was constituted as the regulator of capital markets in India. Initially, SEBI was a non-statutory body without any statutory power. Following the passage of the SEBI Act by Parliament in 1992, it was given autonomous and statutory powers.

Is SEBI a quasi legislative body?

In its endeavor to discharge these functions and in its role as the regulator of Indian capital markets, SEBI exercises the powers enshrined within the SEBI Act, 1992 and performs the triple functions as a quasi-legislative, quasi-judicial and quasi-executive body.

What type of body is SEBI?

Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament.

What kind of body is SEBI?

Is TRAI a statutory body?

A bill to establish a non-statutory telecom regulator was proposed in the Parliament by the Government through an amendment to the Indian Telegraph Act, 1985. TRAI was then constituted under the presidential ordinance[1] issued in 1997, later it was ratified by the Parliament by enacting the TRAI Act.

What is the full form of SEBI?

SEBI stands for Securities and Exchange Board of India. It is a statutory regulatory body that was established by the Government of India in 1992 for protecting the interests of investors investing in securities along with regulating the securities market.

What is the power of the statutory body SEBI?

While statutory bodies are made through laws which are passed through legislative assembly both center and states. So, power of statutory bodies is directly through law of parliament. Now coming to question, SEBI was established through SEBI act of 1992; its main work is regulation of securities market of India.

What is the role of SEBI in stock market?

Securities and Exchange Board of India (SEBI) is a statutory regulatory body entrusted with the responsibility to regulate the Indian capital markets. It monitors and regulates the securities market and protects the interests of the investors by enforcing certain rules and regulations.

How many members are there in SEBI Board?

SEBI board comprises nine members. The Board consists of the following members. This concludes the topic of SEBI- Objectives, Functions, Purpose and Structure, which is an important topic for Commerce students. For more such interesting articles, stay tuned to BYJU’S.