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The regulator of Indian stock market, set up under the Security and Exchange Board of India Act, 1992 (as a non-statutory body set on 12 April, 1988 through a government resolution in an effort to give the Indian stock market an organised structure) with its head office in Mumbai.
• The Board of SEBI comprises nine members excluding the chairman—one member each
from the Ministries of Finance and Law, one member from the RBI and two other members
appointed by the central government. It has four full-time members (including the chairman).
