Comments
Market watchdog Securities and Exchange Board of India (SEBI) today opened an office in Lucknow as part of its efforts to reach out to investors and intermediaries.
The new office will cater to regulatory aspects of investor protection among other issues.
Rajeev Kumar Agarwal, Whole Time Member of SEBI, inaugurated the Lucknow office, in the presence of S Ravindran, Executive Director at SEBI, the market watchdog said in a statement.
The SEBI’s mandate given by Parliament is threefold — protection of the interests of the investors in securities, regulation of the securities market and development of the securities market.
In order to facilitate better reach of investors and intermediaries to SEBI, it was decided to open local offices in major cities of the country, the statement said.
The jurisdiction of the local Office at Lucknow extends to the state of Uttar Pradesh. It is under the administrative control and jurisdiction of its Regional Office at New Delhi.
“The functions of the Lucknow local office includes facilitating the redressal of investor grievances against listed companies and market intermediaries, 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 added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.