Everything About Securities Exchange Board

Objectives of the Board:

1. Regulate and manage securities market and persons involved in securities business
2. protect the interest of investors
3. develop capital market

Composition of the Board:

1. Chairman - Appointed By GON
2. Joint Secretary - MOF
3. Joint Secretary - MOLJPA
4. Representative - NRB
5. Representative- ICAN
6. Representative - FNCCI
7. Expert - appointed by GON

Prescribed Qualifications:





Disqualifications :

• Office Bearer of Political party
• Involved in Securities business
• Insolvent
• Insane/unsound mind
• Offence involving moral turpitude



Tenure:





Characteristics:

• Autonomous
• Perpetual succussion
• Separate seal
• purchase and sell properties
• Sue and can be Sued

Functions Duties and powers:

1. Advise GON - Development of Capital Markets
2. Register Securities
3. Regulate and Systematize Sale, Issue, Purchase, Exchange
4. Review Financial Statements - Body Corporate / Securities Business
5. Regulate - Volume of Securities and Modes of Transactions
6. Stock Exchange - Permission / Regulate / Suspension
7. Securities Business - License / Regulate / Suspension / Classification
8. Collective Investment Scheme - Permission
9. Transparency in Act of acquiring ownership thereby gaining control
10. Prevent Insider Trading
11. Clearance of accounts related to securities Transactions
12. Co-ordination / Co-operation among Agencies
13. Other Functions

Meeting :



Times : once a month

Quorum : 50%

Who can Call? : at least two members to request in writing



Records (Balance Sheet/PL) - Prepare within 6 months from expiry of FY

Annual Report - Prepare / Publish withing 4 months from expiry of FY , submit to GON, Make public