Capital markets regulator Sebi has opened its local office in Jammu as part of its efforts to reach out to investors and intermediaries.
"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," the regulator said in a statement.
The new office at Jammu was inaugurated by Sebi Whole Time Member G Mahalingam today. The new office is under the administrative control and jurisdiction of Sebi's northern regional office at New Delhi.
According to the regulator, the function of the new office includes facilitating redressal of investor grievances against listed companies and market intermediaries, spread investor education and financial literacy, and processing the applications for investment advisors within its jurisdiction.
Sebi has already opened local offices at Bengaluru, Hyderabad, Kochi, Guwahati, Bhubaneswar, Patna, Ranchi, Chandigarh, Lucknow, Dehradun, Jaipur, Indore, Raipur, Panaji and Shimla.
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