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<h1>Securities and Exchange Board of India established as a corporate regulatory body with property, contract and litigation powers.</h1> The Central Government may, by notification, establish the Securities and Exchange Board of India, a body corporate with perpetual succession and a common seal, empowered to acquire, hold and dispose of movable and immovable property, to contract, and to sue or be sued; its head office is at Bombay and it may establish offices elsewhere in India.