Corporate Updates – 13-01-2016


Shri Devender Kumar Sikri, an officer of 1975 batch of Indian Administrative Service (IAS) took oath as Chairman of Competition Commission of India (CCI). He replaces Shri Ashok Chawla, who demitted office on 7th January, 2016. Shri Sikri holds an M. Phil. Degree, a Masters Degree in Advanced Mathematics & has also done an Advance Professional Course in Public Administration from Indian Institute of Public Administration (IIPA), Delhi. Shri Sikri has served in various important positions in the Central Government as well as in the State Government of Gujarat. Earlier as Secretary, Ministry of WCD, he was principal architect of the legislation on Protection of Children against Sexual Offences Act (POCSO), 2013, preparation of the Bill on Protection of Women against Sexual Harassment at Workplace Bill 2010 and restructuring of Integrated Child Development Services (ICDS) Scheme. The Commission was established in 2003 to replace the erstwhile Monopolies and Restrictive Trade Practices Commission. The Commission draws its power from the Competition Act, 2002 and has been empowered to check anti-competitive behavior and regulate mergers & acquisitions.


SEBI has established its Local Office at Jammu under the administrative control of its Northern Regional Office at New Delhi. 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 Jammu & Kashmir.

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