Ajay Tyagi new Chair for SEBI


Will replace UK SInha

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992

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

the issuers of securities
the investors
the market intermediaries.

Powers
For the discharge of its functions efficiently, SEBI has been vested with the following powers:

to approve byβˆ’laws of stock exchanges.
to require the stock exchange to amend their byβˆ’laws.
inspect the books of accounts and call for periodical returns from recognized stock exchanges.
inspect the books of accounts of financial intermediaries.
compel certain companies to list their shares in one or more stock exchanges.
registration brokers.

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