Description
Securities and Exchange Board of India
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) – ITS OBJECTIVES, FUNCTIONS AND ACTIVITIES.
ABOUT SEBI
Chairman : Mr. C B Bhave. ? Head Office : BKC, Mumbai. ? Regional Offices : Delhi, Kolkata, Chennai. ? Established on April 12, 1988.
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OBJECTIVES OF SEBI
To the issuers, it should afford a market place in which they can confidently look forward to raising all the finance in an easy, fair and efficient manner. ? To the investors, it should provide a high degree of protection of their rights and interests. ? To the intermediaries, it should offer a competitive, professionalized and expanding market with adequate, authentic and accurate information and disclosure of such information on continuous basis.
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FUNCTIONS OF SEBI
To deal with all matters relating to the development and regulation of securities market, and investor protection, and advise Government on these matters. ? To prepare comprehensive legislation for the regulation and development of securities market. ? To carry out such functions as may be delegated by the Central Government for the development and regulation of securities market.
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COMPLAINTS HANDLING SYSTEM - SEBI
Delays in refund of Application money. ? Delay in receiving dividend and interest warrants on shares and debentures. ? Delays in receiving the maturity value of fixed deposits and debentures on redemption. ? Delays in receipt of share or debenture certificates after the allotment has been made in the public issues. ? Other miscellaneous complaints like investor not receiving annual reports, inadequate disclosures in the prospectus etc.
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DEALING WITH COMPLAINTS
Taking up the complaints related to public issues of companies with the merchant bankers, who have acted as lead managers to those issues and with the registrars. ? Writing to Stock Exchanges in cases of complaints against any of their members. ? Bringing out fortnightly analysis of company wise complaints in press releases. ? Bringing the complaints to the notice of statutory authorities namely the Department of Company Affairs, Company Law Board, Controller of Capital Issues for appropriate action.
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SEBI VS. OMAXE LTD.
Allegations on Omaxe Ltd. that it showed wrong information in the disclosure regarding the land owned. ? SEBI alleged that Omaxe temporarily acquired the land from farmers ahead of the public issue for a fee and returned them after public issue. ? SEBI wrote to the finance ministry regarding the malpractices of Omaxe and the IPO of Omaxe was postponed by 4 months.
?
THANK YOU
SEBI Headquarters at Mumbai
doc_894949676.ppt
Securities and Exchange Board of India
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) – ITS OBJECTIVES, FUNCTIONS AND ACTIVITIES.
ABOUT SEBI
Chairman : Mr. C B Bhave. ? Head Office : BKC, Mumbai. ? Regional Offices : Delhi, Kolkata, Chennai. ? Established on April 12, 1988.
?
OBJECTIVES OF SEBI
To the issuers, it should afford a market place in which they can confidently look forward to raising all the finance in an easy, fair and efficient manner. ? To the investors, it should provide a high degree of protection of their rights and interests. ? To the intermediaries, it should offer a competitive, professionalized and expanding market with adequate, authentic and accurate information and disclosure of such information on continuous basis.
?
FUNCTIONS OF SEBI
To deal with all matters relating to the development and regulation of securities market, and investor protection, and advise Government on these matters. ? To prepare comprehensive legislation for the regulation and development of securities market. ? To carry out such functions as may be delegated by the Central Government for the development and regulation of securities market.
?
COMPLAINTS HANDLING SYSTEM - SEBI
Delays in refund of Application money. ? Delay in receiving dividend and interest warrants on shares and debentures. ? Delays in receiving the maturity value of fixed deposits and debentures on redemption. ? Delays in receipt of share or debenture certificates after the allotment has been made in the public issues. ? Other miscellaneous complaints like investor not receiving annual reports, inadequate disclosures in the prospectus etc.
?
DEALING WITH COMPLAINTS
Taking up the complaints related to public issues of companies with the merchant bankers, who have acted as lead managers to those issues and with the registrars. ? Writing to Stock Exchanges in cases of complaints against any of their members. ? Bringing out fortnightly analysis of company wise complaints in press releases. ? Bringing the complaints to the notice of statutory authorities namely the Department of Company Affairs, Company Law Board, Controller of Capital Issues for appropriate action.
?
SEBI VS. OMAXE LTD.
Allegations on Omaxe Ltd. that it showed wrong information in the disclosure regarding the land owned. ? SEBI alleged that Omaxe temporarily acquired the land from farmers ahead of the public issue for a fee and returned them after public issue. ? SEBI wrote to the finance ministry regarding the malpractices of Omaxe and the IPO of Omaxe was postponed by 4 months.
?
THANK YOU
SEBI Headquarters at Mumbai
doc_894949676.ppt