Securities and Exchange Board of India Act, 1992
3.Establishment and
incorporation of Board.-
(1) With effect from
such date as the Central Government may, by notification, appoint, there shall
be established, for the purposes of this Act, a Board by the name of the
Securities and Exchange Board of India.
(2) The Board shall be
a body corporate by the name aforesaid, having perpetual succession and a
common seal, with power subject to the provisions of this Act, to acquire, hold
and dispose of property, both movable and immovable, and to contract, and
shall, by the said name, sue or be sued.
(3) The head office of
the Board shall be at Bombay.
(4) The Board may
establish offices at other places in India