Just a month ahead of the completion of the tenure of the Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch, the government has invited applications to appoint a new chief for the regulator.
Also ReadITC Hotels to list on January 29- Here are 4 things that shareholders need to know now
Buch, whose three-year term ends on February 28, found herself in the midst of a controversy last year as Opposition parties, particularly the Congress, cited an alleged conflict of interest in her continuation as the market regulator in a case involving the Adani Group, but she denied the allegations.
In an advertisement issued on Monday, the department of economic affairs said the appointment of a new chief would be for five years or till the candidate attains 65 years of age. Last date to file applications is February 17.
Also Read DeepSeek demolishes Nvidia’s AI supremacy, CEO loses $21 billion in a day, Trump calls it a wakeup call | 10-point update Indian Markets see deep cuts over DeepSeek ITC Hotels to list on January 29- Here are 4 things that shareholders need to know now Stocks To Watch: JSW Energy, Tata Steel, Macrotech Developers, Piramal Enterpirses, Indian Oil Corp, Emami, Ultratech Cement, Coal India, Adani Wilmar
“The chairman should be a person who does not and will not have any such financial or other interests that are likely to affect prejudicially his function as the chairman,” the advertisement said.
It said the candidate should have “high integrity, eminence and reputation preferably above 50 years with more than 25 years of professional experience”.
Also Read‘Bitcoin’s market cap will surpass gold in year…’: Coinbase CEO predicts
The candidate is also required to have a “shown capacity in dealing with problems relating to securities markets, or has special knowledge or experience of law, finance, economics, accountancy’ which in the opinion of the central government shall be useful to the board”.
Buch has been at the helm of SEBI since March 2, 2022. She made history as the first woman to lead the market regulator as well as the first private sector individual to hold the position.
» Read More
