Sebi chairman

Senior bureaucrat Ajay Tyagi was on Friday appointed as chairman of Securities and Exchange Board of India (Sebi) to succeed U K Sinha, whose extended tenure ends on March 1. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved his appointment for a period not exceeding five years or till the age of 65 years, an order issued by Personnel Ministry said. Here's a brief profile of the new chairman: 1) Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, is at present Additional Secretary (Investment) in the Department of Economic Affairs and handles capital markets, among others. 2) 58-year-old Tyagi, who hails from Uttar Pradesh, is a Post Graduate in Economics. He did Master in Public Administration from Harvard and holds Master in Technology (Computer Science). He holds a Bachelor degree in electronics also. 3) He was Joint Secretary in Ministry of Environment, Forest and Climate Change before joining Finance Ministry on November 1, 2014 as Additional Secretary. 4) During his stint at the Centre, Tyagi has also worked in ministries of Petroleum and Natural Gas, Steel and Rural Development. 5) He held various posts in Himachal Pradesh government including in power, revenue, finance and information technology. 6) Tyagi, for a short while, was also on the board of Reserve Bank of India (RBI). 7) In the run-up to the appointment of the capital markets regulator, many senior bureaucrats, including Power Secretary P K Pujari were in...

New Delhi, Feb 28 (PTI) Madhabi Puri Buch on Monday was appointed as the new chairperson of Sebi, the first woman to head the capital market regulatory body. She has replaced Ajay Tyagi, whose five-year term has come to an end.    The Appointments Committee of Cabinet has approved Buch’s appointment for an initial period of three years, sources said. A formal order in this regard would be issued shortly, they added.  She has also served as a whole-time member of Securities and Exchange Board of India (Sebi). Previously, Buch was a consultant to the New Development Bank in Shanghai, China. She has also served as the Head of the Singapore office of the Private Equity Firm, Greater Pacific Capital. Buch had a long stint in ICICI Group and served as the managing director and chief executive officer at ICICI Securities Limited and also as executive director on the board of ICICI Bank. A graduate of St Stephen’s College, Buch holds an MBA from the Indian Institute of Management, Ahmedabad. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, his tenure was extended by another 18 months. As per the procedure for the appointment of regulators, the candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by cabinet secretary. As per the Sebi Act, Sebi chairman is appoint...

New Delhi: Former banker Madhabi Puri Buch has been appointed as the new chairperson of the Securities and Exchange Board of India (SEBI) - the first-ever woman to head the capital markets regulator. Buch, 57, who was not only the first woman whole-time member of Sebi but also the first person working at the regulator from the private sector, has been appointed for a three-year term, finance ministry sources said. She replaces bureaucrat Ajay Tyagi whose tenure as Sebi chairman ends on Monday. Starting her career with ICICI Bank, she went on to become the managing director and CEO at ICICI Securities from February 2009 to May 2011. In 2011, Buch left for Singapore to join private equity firm Greater Pacific Capital LLP. She later served as a consultant to the New Development Bank, set up by the BRICS bloc of nations, in Shanghai. She is the founder-director of Agora Advisory Pvt Ltd. Buch, who will assume charge on March 1, has worked closely with Tyagi as a whole-time member between April 05, 2017, and October 4, 2021. She handled key portfolios such as surveillance, collective investment schemes, and investment management. Sources said the Appointments Committee of Cabinet, headed by Prime Minister Narendra Modi, has approved Buch's appointment for an initial period of three years. Tyagi, 63, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi Chairperson on March 1, 2017, for three years. He was subsequently given a six-month extension and later in...

NEW DELHI: The government will soon take a decision on the appointment of Sources said senior bureaucrats and former members of The finance ministry had invited applications from eligible candidates in October 2021 for the post of Sebi Chairman and the deadline for submission of the applications was December 6, 2021. It is not yet clear whether Tyagi will get another extension or a new appointment will be made. On Tuesday, finance minister When asked whether the incumbent will get an extension or a new person will be appointed, she had said, "you have to wait till February 28 to know what we are going to do on it (Sebi Chairman)." Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi Chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, his tenure was extended by 18 months. As per the procedure for the appointment of regulators, the candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary. The shortlisted candidates are interviewed by the panel comprising Economic Affairs Secretary and three external members having domain knowledge. Besides, the high level panel has authority to recommend names other than those who have applied for the advertised post. Based on interactions, FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi. In an advertisement iss...

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The market regulator’s order comes after it conducted an investigation and found that Subhash Chandra and Punit Goenka were involved in diverting funds for their own benefits from listed entity ZEEL. While it is likely that the order will be challenged by the promoters, it comes at a time when the company is seeking regulatory approvals for its merger with Sony Pictures Networks India. This could lead to significant delays in the merger plan. Sony and ZEEL decided to merge their television channels, film assets and streaming platforms in late 2021.

New Delhi, Feb 28 (PTI) Madhabi Puri Buch on Monday was appointed as the new chairperson of Sebi, the first woman to head the capital market regulatory body. She has replaced Ajay Tyagi, whose five-year term has come to an end.    The Appointments Committee of Cabinet has approved Buch’s appointment for an initial period of three years, sources said. A formal order in this regard would be issued shortly, they added.  She has also served as a whole-time member of Securities and Exchange Board of India (Sebi). Previously, Buch was a consultant to the New Development Bank in Shanghai, China. She has also served as the Head of the Singapore office of the Private Equity Firm, Greater Pacific Capital. Buch had a long stint in ICICI Group and served as the managing director and chief executive officer at ICICI Securities Limited and also as executive director on the board of ICICI Bank. A graduate of St Stephen’s College, Buch holds an MBA from the Indian Institute of Management, Ahmedabad. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, his tenure was extended by another 18 months. As per the procedure for the appointment of regulators, the candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by cabinet secretary. As per the Sebi Act, Sebi chairman is appoint...

NEW DELHI: The government will soon take a decision on the appointment of Sources said senior bureaucrats and former members of The finance ministry had invited applications from eligible candidates in October 2021 for the post of Sebi Chairman and the deadline for submission of the applications was December 6, 2021. It is not yet clear whether Tyagi will get another extension or a new appointment will be made. On Tuesday, finance minister When asked whether the incumbent will get an extension or a new person will be appointed, she had said, "you have to wait till February 28 to know what we are going to do on it (Sebi Chairman)." Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi Chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, his tenure was extended by 18 months. As per the procedure for the appointment of regulators, the candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary. The shortlisted candidates are interviewed by the panel comprising Economic Affairs Secretary and three external members having domain knowledge. Besides, the high level panel has authority to recommend names other than those who have applied for the advertised post. Based on interactions, FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi. In an advertisement iss...

New Delhi: Former banker Madhabi Puri Buch has been appointed as the new chairperson of the Securities and Exchange Board of India (SEBI) - the first-ever woman to head the capital markets regulator. Buch, 57, who was not only the first woman whole-time member of Sebi but also the first person working at the regulator from the private sector, has been appointed for a three-year term, finance ministry sources said. She replaces bureaucrat Ajay Tyagi whose tenure as Sebi chairman ends on Monday. Starting her career with ICICI Bank, she went on to become the managing director and CEO at ICICI Securities from February 2009 to May 2011. In 2011, Buch left for Singapore to join private equity firm Greater Pacific Capital LLP. She later served as a consultant to the New Development Bank, set up by the BRICS bloc of nations, in Shanghai. She is the founder-director of Agora Advisory Pvt Ltd. Buch, who will assume charge on March 1, has worked closely with Tyagi as a whole-time member between April 05, 2017, and October 4, 2021. She handled key portfolios such as surveillance, collective investment schemes, and investment management. Sources said the Appointments Committee of Cabinet, headed by Prime Minister Narendra Modi, has approved Buch's appointment for an initial period of three years. Tyagi, 63, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi Chairperson on March 1, 2017, for three years. He was subsequently given a six-month extension and later in...

Senior bureaucrat Ajay Tyagi was on Friday appointed as chairman of Securities and Exchange Board of India (Sebi) to succeed U K Sinha, whose extended tenure ends on March 1. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved his appointment for a period not exceeding five years or till the age of 65 years, an order issued by Personnel Ministry said. Here's a brief profile of the new chairman: 1) Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, is at present Additional Secretary (Investment) in the Department of Economic Affairs and handles capital markets, among others. 2) 58-year-old Tyagi, who hails from Uttar Pradesh, is a Post Graduate in Economics. He did Master in Public Administration from Harvard and holds Master in Technology (Computer Science). He holds a Bachelor degree in electronics also. 3) He was Joint Secretary in Ministry of Environment, Forest and Climate Change before joining Finance Ministry on November 1, 2014 as Additional Secretary. 4) During his stint at the Centre, Tyagi has also worked in ministries of Petroleum and Natural Gas, Steel and Rural Development. 5) He held various posts in Himachal Pradesh government including in power, revenue, finance and information technology. 6) Tyagi, for a short while, was also on the board of Reserve Bank of India (RBI). 7) In the run-up to the appointment of the capital markets regulator, many senior bureaucrats, including Power Secretary P K Pujari were in...