Govt invites applications for post of Sebi chairman in place of Ajay Tyagi
New Delhi Oct 30 PTI The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India Sebi to succeed Ajay Tyagi whose five-year term comes to an end in February 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 tenure was extended by 18 months In a public notice dated October 28 the ministry has invited applications from eligible candidates for the post of Sebi chairman for a maximum period of five years or till 65 years whichever is earlier Applications of eligible candidates in prescribed proforma along with certified copies of required documents may be forwarded through a proper channel wherever applicable on or before December 6 2021 a public notice issued by the Finance Ministrys Economic Affairs Department said Incomplete applications and applications received after the last date shall not be considered it said In the past the government has given extension to U K Sinha for three years making him the second longest-serving chief of Sebi after D R Mehta In the case of Tyagi the government issued appointment notification twice According to the first notification issued on February 10 2017 Tyagi the then Additional Secretary Investment in Department of Economic Affairs was appointed chairman of Sebi for a period not exceeding five years or till the age of 65 years or until further order whichever is earlier Subsequently another notification curtailed his appointment to an initial period of three years As per the procedure for the appointment of regulators the candidates will be 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 Based on interaction FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi for approval PTI DP MKJ MKJ
New Delhi Oct 30 PTI The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India Sebi to succeed Ajay Tyagi whose five-year term comes to an end in February 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 tenure was extended by 18 months In a public notice dated October 28 the ministry has invited applications from eligible candidates for the post of Sebi chairman for a maximum period of five years or till 65 years whichever is earlier Applications of eligible candidates in prescribed proforma along with certified copies of required documents may be forwarded through a proper channel wherever applicable on or before December 6 2021 a public notice issued by the Finance Ministrys Economic Affairs Department said Incomplete applications and applications received after the last date shall not be considered it said In the past the government has given extension to U K Sinha for three years making him the second longest-serving chief of Sebi after D R Mehta In the case of Tyagi the government issued appointment notification twice According to the first notification issued on February 10 2017 Tyagi the then Additional Secretary Investment in Department of Economic Affairs was appointed chairman of Sebi for a period not exceeding five years or till the age of 65 years or until further order whichever is earlier Subsequently another notification curtailed his appointment to an initial period of three years As per the procedure for the appointment of regulators the candidates will be 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 Based on interaction FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi for approval PTI DP MKJ MKJ
