Excelsior Correspondent
JAMMU, Jan 29: Market Regulator, Securities and Exchange Board of India (SEBI) today opened its Jammu local office at B-2, 4th floor, South Block, Bahu Plaza, Jammu.
The office was formally inaugurated by Amit Pradhan, Regional Director, Northern Region, SEBI In the presence of SEBI Deputy General Manager, Northern Region, Surya Kant Sharma and Incharge, SEBI Jammu Office, Zubin Choudhary.
While speaking on the occasion, Pradhan said that SEBI has decided to open local offices in various parts of the Country for promoting a balanced pan Indian Securities market and in order to bring physical proximity of SEBI offices to the investors and intermediaries.
He said that the Jammu office of SEBI will function under the administrative control of its Northern Regional Office at New Delhi.
Explaining about the functioning of the SEBI Jammu office, Pradhan said that this office will look after the regulatory aspects of investor protection and facilitate redressal of investor grievances against listed companies and securities market intermediaries to spread investor education and financial literacy.
He further said that the role and responsibility of the Jammu office will extend to the areas falling under the territorial jurisdiction of the State of Jammu and Kashmir.
A large number of local stock exchange brokers, officials of MCX, New Delhi besides officers and officials of various banks and State Government departments like JDA and JMC were present on the occasion.
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