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:
SEBI - Securities and Exchange Board of India
- 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.
Founded: 12 April 1992
Headquarters: Mumbai, India
Current Head: U. K. Sinha (Chairman)