Through a resolution passed by the government of India, the Securities and Exchange Board of India was first established as a non-statutory body in the year 1988. Later in 1992, the SEBI was established as a statutory regulatory body under the Securities and Exchange Board of India Act, 1992 (15 of 1992). Before the SEBI was established, the Controller of Capital Issues was the regulatory authority for the Indian capital markets.
As per the preamble of the SEBI, its basic functions are to protect the interest of investors and develop and regulate the securities markets. The SEBI headquarters is located at Bandra Kurla Complex, Mumbai. The SEBI also has regional offices in New Delhi, Chennai, Kolkata, and Ahmedabad, and local offices in cities like Bangalore, Kochi, Jaipur, Chandigarh, etc.