SEBI:- Security Exchange Board of India
SEBI stands for Securities Exchange Board of India. Its headquarters is in Mumbai. It was established in 1988 and given statutory power on 30th January through SEBI act 1992. SEBI is managed by a team of 9 members which comprises of: The Chairperson who is nominated by Union Government of India, two members from Union Finance minister, one from RBI and remaining five members are nominated by Union Government of India. SEBI has to be responsible to the needs of three groups: the issuer of the securities, the investors and the market intermediaries. Its objectives are to protect the interests of the investors in securities and to regulate the securities market. SEBI helps in educating investors regarding the working of stock exchanges. It conducts the audit and inspection and also helps in restricting insider trading in the organization. SEBI prohibits fraudulent and unfair trade practices in the securities market.