A. Budget
for 2014-15
The
Board considered the proposal relating
to Budget Estimates for the Financial Year 2014-15 and proposals for Fee
Revision based on recommendation of Committee on Rationalization of Financial
Resources. The budget for the financial year 2014-15 has been prepared keeping
in view the need to place greater emphasis to achieve the mandated statutory
objectives.
The Board identified following core areas for
SEBI's activities in 2014-15:
(i)
Strengthening the investor awareness and
education measures
(ii)
Enlarging reach amongst investors/potential
investors through regional and local offices.
(iii)
Enhanced focus on capacity building
(iv)
Raising standards of supervision and enforcement
functions in market place such as strengthening market surveillance and
investigation functions.
In order
to fulfill the above objectives, the Board has approved the upward revision of
fees while ensuring minimal impact on the investors. The same will be notified through appropriate
circulars to be issued in due course.
B. SEBI
Local Office at Ranchi
The
local office of Securities and Exchange Board of India (SEBI) at Ranchi was
inaugurated by Shri R.S. Sharma, Chief Secretary, Government of Jharkhand,
today, in the presence of Shri U.K. Sinha, Chairman, SEBI.
Shri
U.K.Sinha, said that SEBI had decided to open its local office in 16 places in
the last two years. Ranchi is one such office. SEBI will have its presence in
all major States in the country. The local office would involve in spreading
financial literacy and redressing the grievance of the investors in the region.
He emphasized the need for, State Level Co-ordination Committee (SLCC) meetings
to be chaired by the Chief Secretary of the State concerned and, for the
periodicity of such meetings to be increased to once in a quarter to tackle the
menace of illegal fund mobilization by unscrupulous companies.
