Chief Minister Raman Singh inaugurated the new premises of the local Office of Securities and Exchange Board of India (SEBI) in the city on Saturday.
U.K. Sinha, Chairman, Securities and Exchange Board of India (SEBI) and Chhattisgarh Chief Secretary Vivek Dhand were present on the occasion, according to a SEBI press release issued here on Saturday.
The Raipur local Office of SEBI is located at 1st floor, lIC Investment Building, Phase I, lIC Complex at Jivan Marg at Pandri.
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.
The jurisdiction of the local Office at Raipur will be all over the State of Chhattisgarh. The local Office of Raipur is under the administrative control and jurisdiction of SEBI's Regional Office at Ahmedabad.
The functions of the Raipur local Office include facilitating the redressal of investor grievances against listed companies and securities market intermediaries, to spread investor education and financial literacy within its jurisdiction.