Question

In which year the Securities and Exchange Board of India was established?
1. 1988
2. 1990
3. 1992
4. 1994

Answer 1

Correct Answer - Option 3 : 1992

The correct answer is 1992.

• The Securities and Exchange Board of India (SEBI) is the regulatory body for the securities and commodity markets in India under the jurisdiction of the Ministry of Finance, Government of India.
  • It was established on 12 April 1992 and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.
  • The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body to regulate the securities market.
  • The basic function of the Securities and Exchange Board of India is to protect the interests of investors in securities and to promote and regulate the securities market.
  • It monitors and regulates the Indian capital and securities market by framing rules and guidelines, protecting the interests of investors.
  • SEBI was constituted in April 1988 as the regulator of capital markets in India under a resolution of the Government of India.

• The headquarters of SEBI is situated at Bandra Kurla Complex in Mumbai.
• The regional offices of SEBI are located in Ahmedabad, Kolkata, Chennai, and Delhi.
• The SEBI is managed by its members, which consists of the following:
  • The chairman is nominated by the Union Government of India.
  • Two members, i.e., Officers from the Union Finance Ministry.
  • One member from the Reserve Bank of India.
  • The remaining five members are nominated by the Union Government of India, out of them at least three shall be whole-time members.​​