law: 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