SEBI to rope in agency to trace errant entities

SEBI is looking to rope in an independent agency that will trace accused entities against whom notices have been issued by the authorities, and serve summons to them. The work is expected to be carried out by engaging systems through competent manpower such as ex-servicemen, ex-police personnel, investigators, detectives and alike.

In a notice issued, the regulator invited applications for empanelment of an agency for providing such services. The scope of the work includes tracing of accused entity based on records and addresses provided by the regulator and serving of summons or notices issued by the SEBI”s special courts and SEBI authorities on behalf of the regulator.