SEBI
Structure, Powers, and Regulatory Mandate
The Securities and Exchange Board of India (SEBI) was established by the SEBI Act, 1992, to protect investor interests, regulate the securities market, and promote market development. SEBI is a statutory body with quasi-legislative (framing regulations), quasi-executive (enforcement and investigation), and quasi-judicial (adjudication and penalties) powers. It regulates stock exchanges, depositories, mutual funds, FPIs, credit rating agencies, and market intermediaries.
- Established: April 12, 1992 (statutory body under SEBI Act, 1992); initially set up as a non-statutory body in 1988
- Headquarters: Mumbai
- Composition: Chairman + 2 members from the Central Government + 1 from RBI + 5 other members
- Key functions: Regulation of issuers (listing obligations), intermediaries (brokers, merchant bankers), and investors (grievance redressal via SCORES portal)
- The Securities Markets Code Bill, 2025, seeks to consolidate and modernise securities regulation, replacing the SEBI Act, Securities Contracts (Regulation) Act, and Depositories Act
- The Code decriminalises minor and procedural violations, converting them into civil defaults
● Tracked since February 13, 2026 · last seen June 19, 2026 · updates as the daily brief publishes
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