Chairman of Securities Exchange Board of India (SEBI) UK Sinha has offered to partner with Confederation of Indian Industry for an investor awareness programme in Kerala.

He was ready to send a team to Kerala to update investors on existing and new initiatives of SEBI which include independent platforms for small and medium enterprises (SMEs) and foreign portfolio investors.

SME advantage Sinha said this here while speaking at an interactive session organised by CII during a visit to the State capital. He suggested that SMEs may take more advantage from the securities market for mobilising capital for their expansion.

They need not have permission from the Mumbai office of SEBI. Regional office and sub-regional offices of SEBI are authorised to process applications subject to prescribed ceilings, Sinha said.

SEBI’s focus is on protecting the interest of investors and to promote the development of and regulating the securities market, he said.

Investor confidence on a sustained basis is paramount for the development of stock market.

Confidence level Once the confidence level is shaken, it will take decades thereafter to regain the confidence. He also stressed on the need for good corporate governance and compliance with listing agreement terms.

Sinha is of the view that the security market in the country is making fast progress irrespective of the ups and downs in the rate of growth of the economy.

Foreign pension funds may be taking advantage by investing here but their domestic counterparts are not allowed this luxury. They are not able to realise profits from securities transactions here.

Among those who spoke on the occasion were Nandakumar, Zonal Chairman, and Thomas John Muthoot, Vice Zonal Chairman, CII.

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