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        SEBI

        Section 4 - Management of the Board

        Securities and Exchange Board of India Act, 1992
        Chapter II
        ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA

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        Management of the Board sets composition and appointment rules and vests general superintendence and management powers in the Board. Section 4 prescribes the Board's composition-Chairman; two members from the Central Government finance ministry; one member from the Reserve Bank; and five other members with at least three whole-time-appointed or nominated by the Central Government and Reserve Bank as specified. The Board holds general superintendence, direction and management of its affairs and may exercise all powers of the Board; the Chairman, unless regulations say otherwise, shares those superintendence powers and may exercise all Board powers. Appointed members must have ability, integrity and relevant market or professional expertise.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                    Provisions expressly mentioned in the judgment/order text.

                        Management of the Board sets composition and appointment rules and vests general superintendence and management powers in the Board.

                        Section 4 prescribes the Board's composition-Chairman; two members from the Central Government finance ministry; one member from the Reserve Bank; and five other members with at least three whole-time-appointed or nominated by the Central Government and Reserve Bank as specified. The Board holds general superintendence, direction and management of its affairs and may exercise all powers of the Board; the Chairman, unless regulations say otherwise, shares those superintendence powers and may exercise all Board powers. Appointed members must have ability, integrity and relevant market or professional expertise.


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