- a Chairman,
- two members from amongst the officials of the Ministries
of the Central Government dealing with Finance and Law,
- one member from amongst the officials of the Reserve Bank
of India
- two professionals having experience or special knowledge
relating to securities market appointed by the Central Government.
Powers and Functions of SEBI
a) Regulating the business in stock exchanges
and any other securities market,
b) Registering and regulating the working
of stock brokers, sub-brokers, share transfer agents, bankers
to an issue, trustees of trust deeds, registrars to an issue,
merchant bankers, underwriters, portfolio managers, investment
advisers and such other intermediaries who may be associated
with securities market in any manner,
c) Registering and regulating the working of
collective investment schemes, including mutual funds,
d) Promoting and regulating self-regulatory
organisations,
e) Prohibiting fraudulent and unfair trade
practices in securities market,
f) Promoting investor education and training
of intermediaries in securities market,
g) Prohibiting insider trading in securities,
h) Regulating substantial acquisition of shares
and take-over of companies,
i) Calling far information from, undertaking
inspection, conducting enquiries and audits of the stock exchanges
and intermediaries and self-regulatory organisations in the
securities market,
j) Performing such functions and exercising
such powers under the provisions of the capital issues (Control)
Act, 1947,. (subsequently repealed) and the Securities Contracts
(Regulations) Act. 1956, as may be delegated to it by the Central
Government,
k) Levying fees or other charges for carrying
out the purposes of Section 11 of the Act,
l) Conducting research for the above purpose
