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SEBI scouts for advertising agencies

12-September-2011
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SEBI scouts for advertising agencies

Securities and Exchange Board of India (SEBI), the apex body that works towards protecting the interests of investors in securities and promote the development of and to regulate the securities market in India, is on the lookout to empanel advertising agencies for publication of its advertisements.

Some of the main eligibility criteria for agencies in order to apply for the proposal includes having a full-fledged office set-up at least in Mumbai and Delhi with state-of-the-art infrastructure and manpower/ creative personnel, minimum annual turnover of Rs 5 crore per year during the last three years, and no dues certificate from leading newspapers like The Times of India, Indian Express, and Hindustan Times, apart from regular standard mandates. Agencies should send their applications with attachments to SEBI’s Delhi office on or before the stipulated date and time, that is, before 4 pm on September 23, 2011.

The official tender from SEBI states the scope of work as “The SEBI advertisements generally include notices for undelivered showcause notices of enquiries to entities for appearance, tenders for different purchases/ services, recruitment of staff, etc. The agencies are expected to release advertisements in major newspapers and magazines all over the country on DAVP rates, as per the time frame given by SEBI and even at short notice.”

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