Sebi opens local office in Shimla

Capital markets regulator Sebi has opened its local office in Shimla as part of its efforts to reach out to investors and intermediaries across the country.
"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 office was inaugurated by Sebi Chairman U K Sinha.
"The local office of Shimla is under the administrative control and jurisdiction of Sebi's Regional Office at New Delhi," the Securities and Exchange Board of India (Sebi) said.

Sebi said the functions of the Shimla local office includes facilitating the redressal of investor grievances against listed companies and market intermediaries as also to spread investor education and financial literacy, among others.
The watchdog already has local offices in Bengaluru, Hyderabad, Kochi, Guwahati, Bhubaneswar, Patna, Ranchi, Chandigarh, Lucknow, Dehradun, Jaipur,Indore, Raipur and Panaji.