SEBI stands for Securities and Exchange Board of India. It is the regulatory authority responsible for overseeing and regulating the securities market in India.
Question : Who appoints the chairman of SEBI?
- 1) President of India
- 2) Prime Minister of India
- 3) Central Government
- 4) Chief Justice of India
SEBI ensures that the interests of investors are protected and the securities market functions in a fair and transparent manner. The Chairman of SEBI (Securities and Exchange Board of India) is appointed by the Government of India.
Formation of SEBI:
SEBI was established on April 12, 1988, as a non-statutory body.
Later, it was given statutory powers under the SEBI Act, 1992.
Structure of SEBI:
SEBI consists of a Board that includes:
A Chairman
Two members from the Finance Ministry
One member from the Reserve Bank of India (RBI)
Five other members appointed by the Central Government, out of which at least three shall be Whole-Time Members