The Securities and Exchange Board of India (Sebi) unveiled its new logo at a ceremony marking the regulatory body's 35th foundation day in Mumbai on April 12.
The new Sebi logo retains its traditional blue colour palette, while also reflects the “aspiration of a new and modern nation that works for the prosperity of every Indian”, a release stated.
The ceremony to unveil the new logo was attended by former chairpersons and whole-time members of the market regulator.
"Sebi's new logo seeks to reflect the unique combination of rich traditions of SEBI and new data and technology based approach to all the three areas of its mandate in the securities market - development and regulation of the securities market and investor protection," said Sebi chief Madhabi Puri Buch, while formally unveiling the logo.
It was 35 years ago - on April 12, 1988 - when Sebi came into existence with the intent to facilitate the goal of the securities market, while safeguarding the shareholders and investors from malpractices.
The national market watchdog is a statutory body under the Union Ministry of Finance. It was empowered with the Sebi Act, in the aftermath of the Harshad Mehta scam, in 1992. Over the past few years, the regulator has adopt fresh initiatives and stringent measures to further secure the markets and make it investor-friendly.
The most recent round of reforms were unveiled on March 29, when Sebi gave its nod for the Application Supported By Blocked Amount (ASBA) facility for the secondary market. At this stage, the facility has been kept optional for brokers and investor, Buch had said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
