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Securities and Exchange Board of India (SEBI)

* SEBI is a statutory body established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

* The basic functions of the Securities and Exchange Board of India is to protect the interests of investors in securities and to promote and regulate the securities market.

* SEBI Board consists of a Chairman and several other whole time and part time members.

*SEBI also appoints various committees, whenever required to look into the pressing issues of that time.

* Further, a Securities Appellate Tribunal (SAT) has been constituted to protect the interest of entities that feel aggrieved by SEBI’s decision.

* SAT consists of a Presiding Officer and two other Members.

* It has the same powers as vested in a civil court. Further, if any person feels aggrieved by SAT’s decision or order can appeal to the Supreme Court.

#MainsFodder #PT2021

Land Ports Authority of India

- LPAI celebrated its 9th Foundation Day at its headquarters in New Delhi.
- LPAI is a statutory body established under Land Ports Authority of India Act, 2010.

Role:
- It develops, sanitizes and manages the facilities for cross-
border movement 
- It includes movements of passengers and goods along the international borders of India.
- Integrated Check Posts (ICPs) on the border.
- Manage various activities like infrastructure facilities, communication, security, etc.
- It can regulate and control the movement of vehicles, people and goods.
- It can develop and provide consultancy, construction or management services.

Similipal BioSphere Reserve
#IMPORTANT IN NEWs
*Similipal National Park is also a Tiger Reserve. It is part of the UNESCO World Network of Biosphere Reserve since 2009.
*It is part of the Similipal-Kuldiha-Hadgarh Elephant Reserve popularly known as Mayurbhanj Elephant Reserve, which includes 3 protected areas i.e. Similipal Tiger Reserve, Hadgarh Wildlife sanctuary and Kuldiha wildlife sanctuary.Similipal National Park derives its name from the abundance of Semul or red silk cotton trees that bloom abundantly in the locality.
It was formally designated a tiger reserve in 1956 and brought under Project Tiger in the year of 1973. The Government of Odisha declared Similipal as a wildlife sanctuary in 1979.

International Criminal Court
It opened a formal investigation into alleged war crimes in the Palestinian territories, in a move blasted by Israel as the “essence of anti-Semitism”.
o HQ: Hague, Netherlands
o ICC is the 1st and only permanent international court with jurisdiction to prosecute individuals for the international crimes of genocide, crimes against humanity, war crimes, and the crime of aggression.
o It is intended to complement existing national judicial systems and it may therefore exercise its jurisdiction only when national courts are unwilling or unable to prosecute criminals.
o ICC lacks universal territorial jurisdiction, and may only investigate and prosecute crimes committed within member states, crimes committed by nationals of member states, or crimes in situations referred to the Court by the UNSC.