Mumbai: Sebi has set up a regional office at Dehradun as part of its efforts to educate and help investors in Uttarakhand to have a better understanding of the capital markets.
Dehradun office has been set up under the administrative control of Sebi's northern regional office at New Delhi, the capital market regulator said in a statement. According to the Securities and Exchange Board of India (Sebi) the “local office so established shall look after the regulatory aspects of investor protection, facilitating redressal of investor grievances, financial and investor education and such other functions as may be assigned from time to time”.
“...and its role and responsibility shall extend to the areas falling under the territorial jurisdiction of the State of Uttarakhand,” it added.
The Mumbai-headquartered Sebi had earlier opened its local offices in various places like Patna, Hyderabad, Chandigarh, Lucknow, Bengaluru and Guwahati, as part of its efforts to decentralise its functions.