On 28 September 2015, the Forward Markets Commission (FMC) was merged with the Securities and Exchange Board of India (SEBI).
Securities and Exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market.
It became an autonomous body by The Government of India on
12 April 1992 and given statutory powers in 1992 with
SEBI Act 1992.
The SEBI is managed by its members, which consists of following:
- The chairman who is nominated by Union Government of India.
- Two members, i.e., Officers from Union Finance Ministry.
- One member from the Reserve Bank of India.
- The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.
SEBI - Securities and Exchange Board of IndiaFounded: 12 April 1992
Headquarters: Mumbai, India
Current Head: U. K. Sinha (Chairman)
