JAMMU: For promoting a balanced pan India securities market and in order to bring physical proximity of SEBI (Securities and Exchange Board of India) offices to the investors and intermediaries, SEBI has decided to open local offices in various parts of India.
Whole time member, (SEBI) G Mahalingam inaugurated the new premises of the local office of SEBI at Jammu here on Friday, an official press note read.
According to the press note, the mandate entrusted to SEBI by the Parliament is threefold – protection of the interests of the investors in securities, regulation of the securities market and development of the securities market.
The functions of the Jammu local office include facilitating the redressal of investor grievances against listed companies and market intermediaries, to spread investor education and financial literacy, processing the applications for investment advisors within its jurisdiction and such other functions as may be delegated from time to time to the local offices. SEBI has already opened local offices at Bengaluru, Hyderabad, Kochi, Guwahati, Bhubaneswar, Patna, Ranchi, Chandigarh, Lucknow, Dehradun, Jaipur, Indore, Raipur, Panaji and Shimla.
The jurisdiction of the local office at Jammu whose new premises was inaugurated on Friday extends to the State of Jammu and Kashmir. The local office of Jammu is under the administrative control and jurisdiction of SEBI’s Northen Regional Office at New Delhi.
The Jammu Local office of SEBI is located at Hall No. 405-408, 4th Floor, South Block (B2), Bahu Plaza, Rail Head Complex, Jammu, 180012.