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- Madhabi Puri Buch | Complete Profile Of Madhabi Puri Buch, The First Woman Chairperson Of SEBI
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A special anti-corruption court in Mumbai ordered an FIR on 6 people, including former SEBI chairperson Madhabi Buch, on Saturday, March 1, in the share fraud-related case.
The Bombay High Court will be heard on March 4, 2025 in the case related to the order to register an FIR against Buch. The Anti Corruption Bureau (ACB) will not take action on the order of the special court until.
Madhabi Puri Buch became the first female president of the Indian Securities and Exchange Board of India (SEBI) on March 1, 2022. He replaced Ajay Tyagi, whose 5 -year term ended.
SEBI was established in April 1992
On April 12, 1992, SEBI was established in the form of a statutory body (a non-constitutional body, established by Parliament). It was established according to the provisions of the Securities and Exchange Board of India Act, 1992.
Its main objective is to protect investors, maintain transparency in the stock market and to prevent any kind of fraud. SEBI is headquartered in Mumbai as well as the regional offices in Ahmedabad, Kolkata, Chennai and Delhi.
There are 5 main tasks of SEBI-
- Safety of investors
- Control of stock market
- Fraud and insider trading
- Listing and monitoring new companies
- Controlling mutual funds and other financial institutions
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