SEBI opens local office at Jaipur

Market regulator Securities and Exchange Board of India (SEBI) on Monday opened its ninth local office at Jaipur. Former chairman of SEBI, D R Mehta inaugurated the new premises of the Jaipur local office at ground floor, Jeevan Nidhi 2, LIC Building, Ambedkar Circle, Jaipur, in the presence of U K Sinha, chairman, SEBI.

SEBI already has local offices at Indore, Bengaluru, Hyderabad, Guwahati, Chandigarh, Lucknow, Bhubaneswar and Kochi.

The jurisdiction of the local office at Jaipur whose new premises was inaugurated today extends to the whole of Rajasthan. The Jaipur office is under the administrative control and jurisdiction of SEBI's regional office at Ahmedabad.

The Jaipur local office will facilitate the redressal of investor grievances against listed companies and market intermediaries, spreading of investor education and financial literacy, processing of applications for investment advisors within its jurisdiction and such other functions as may be delegated from time to time to the local offices, SEBI said in its release.

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.

For promoting a balanced pan India securities market and in order to bring physical proximity of SEBI offices to the investors and intermediaries, SEBI has decided to open local offices in various parts of the country.