Deputy governor Reserve Bank of India and member SEBI board Anand Sinha inaugurated the local office of SEBI in Chandigarh on Saturday in presence of UK Sinha, chairman, Securities and Exchange Board of India.
The Chandigarh local office of SEBI is located at SCO 127-128, First Floor, Sector 17 C. For promoting a balanced pan India securities market and in order to bring physical proximity of SEBI offices to investors and intermediaries, SEBI has decided to open local offices in various parts of the country. It has already opened local offices in Indore, Bengaluru, Hyderabad, Guwahati, Jaipur, Lucknow, Bhubaneswar and Kochi.
The Chandigarh office would cover states of Punjab, Haryana and Union Territory of Chandigarh. It would be under the administrative control and jurisdiction of SEBI's northern regional office in New Delhi The functions would include facilitating redressal of investor grievances against listed companies and market intermediaries, spread investor education and financial literacy, processing applications for investment advisors within its jurisdiction and such other functions as may be delegated from time to time to the local offices.