CURRENT AFFAIRS

Detailed explanation-1: -Following an amendment in the Sebi Act, back in 2014, three special courts have already been constituted in Mumbai, Kolkata and Chennai. The setting up of a special court in Delhi is under process, a senior official said.

Detailed explanation-2: -The SEBI headquarters is located in the business district at the Bandra-Kurla Complex in Mumbai. It also has regional offices in the cities of New Delhi, Kolkata, Chennai, and Ahmedabad, and more than a dozen local offices in cities including Bangalore, Jaipur, Guwahati, Patna, Kochi, and Chandigarh.

Detailed explanation-3: -SEBI has already opened Local Offices at Bengaluru, Hyderabad, Kochi, Guwahati, Bhubaneswar, Patna, Ranchi, Chandigarh, Lucknow, Dehradun, Jaipur, Indore, Raipur, Panaji, Shimla and Jammu.

Detailed explanation-4: -The main duty of SEBI is to regulate the Indian Capital markets. It monitors and regulates the stock market and protects the interests of the investors by enforcing certain rules and regulations.

Detailed explanation-5: -A special court shall consist of a single judge who shall be appointed by the Central Government with the concurrence of the Chief Justice of the High Court within whose jurisdiction the Judge to be appointed is working.