The present Chairman of SEBI is Upendra Kumar Sinha. The board protects the interests of investors in securities and promotes the development of, and to regulate, the securities market and for matters connected with them.

Functions of SEBI
- The Board protects the interests of investors in securities and to promote the development of, and to regulate the securities market by several measures which it thinks best.
- Regulates the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and all those associated with securities markets.
- Registers and regulates the working of venture capital funds and collective investment schemes like mutual funds.
- Promotes the self-regulatory organizations by keeping a check on frauds and unfair trade practices of securities markets
- Levying fees for conducting research
- It enhances investor's knowledge on market by educating them.
An asset limit of 20 lakhs has been fixed for working as an underwriter. All Indian companies are free to determine their respective share prices and premiums on the share prices. SEBI have direct control on all mutual funds of both public and private sector through SEBI (Mutual Funds) Regulation in 1993.