SEBI: ROLE, FUNCTION, OBJECTIVE, STRUCTURE What is SEBI, Its Objectives and Functions What is the reason for the establishment of SEBI? This article examines the foundation of SEBI. Securities and Exchange Board of India (SEBI) was set up vide notice No. 147 (E) dated 21.02.1992[1] as legal body. Service of Finance, Government of India gave the previously mentioned Notification under Section 3 of Securities and Exchange Board of India Ordinance, 1992 (5 of 1992) on 30. 01. 1992 which was proclaimed by the leader of India. The Central Government went the Notification through which the Securities and Exchange Board of India was set up to offer impact to the Securities and Exchange Board of India Act, 1992. The Board is a corporate body with the previously mentioned name and all the qualities of an enterprise, for example, a typical seal, ceaseless progression and to go into any arrangement by the aforesaid name, be sued or sue. Besides, with the force that is dependen...