4463453-Sebi-Final - SEBI Securities and Exchange Board of...

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Unformatted text preview: SEBI Securities and Exchange Board of India Establishment and Administration In 1988 By government of India Through an executive resolution In 1992 upgraded as fully autonomous body With the passing of the Securities and Exchange Board of India Act (SEBI Act) on 30th January 1992. Paradoxically this is a positive outcome of the Securities Scam of 1990-91. SEBI appointed the L. C. Gupta Committee in 1998 to recommend the regulatory framework for derivatives trading and suggest bye-laws for Regulation and Control of Trading and Settlement of Derivatives Contracts The Board of SEBI in its meeting held on May 11, 1998 accepted the recommendations of the committee and approved SEBI then appointed the J. R. Verma Committee to recommend Risk Containment Measures (RCM) in the Indian Stock Index Futures Market. SEBI came into force on January 30, 1992. It is a brief act containing 35 sections The SEBI Act governs all the Stock Exchanges and the Securities Transactions in India....
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This note was uploaded on 03/21/2010 for the course KNOWLEDGE 5654 taught by Professor Mr.david during the Spring '10 term at IESE Business School.

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4463453-Sebi-Final - SEBI Securities and Exchange Board of...

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