Contact Your Financial Adviser Money Making MC
10
February 2017
 |
SEBI (The Total Investment & Insurance
Solutions)
The
government has decided to appoint Ajay Tyagi, Tyagi, additional secretary
(investment) in the department of economic affairs of the finance ministry as
the next chairman of the Securities of Exchange Board of India (Sebi). Tyagi
was said to be among the three shortlisted for the job by Financial Sector
Regulatory Appointments Search Committee (FSRASC), which conducted the
interviews and short-listed the candidates. Two others in the running were said
to be power secretary P.K. Pujari and Shaktikanta Das, economic affairs
secretary. The process for selecting the next Sebi chief started in September.
The current tenure of UK Sinha, who has been at the Sebi chief since February
2011, ends on 1 March. An IAS officer from Himachal Pradesh, Tyagi, for a short
while was also on the RBI board. The Total
Investment & Insurance Solutions
Sinha
became the Sebi chairman on 18 February 2011 and was initially appointed for a
three-year term. Later, he was given a two-year extension. Last year, days
before Sinha’s last term was to end on 17 February 2016, the government
approved his re-appointment to the position from 18 February till 1 March 2017.
The finance ministry while inviting applications for the Sebi chief post had
mentioned “Keeping in view the role and importance of Sebi as a regulator, it
is desirable that persons with high integrity, eminence and reputation
preferably with more than 25 years of professional experience and in the age
group of 50-60 years may apply.”The Total
Investment & Insurance Solutions
No comments:
Post a Comment