New Delhi: The Finance Ministry has invited applications for the next chairman of the Securities and Exchange Board of India (SEBI) to replace Ajay. solitaireHis five-year term ends in February.
Tyagi, 1984 batch I a s officers of Himachal Pradesh The cadre was appointed as the Chairman of SEBI on March 1, 2017 for a period of three years. Thereafter, he was given an extension of six months and later in August 2020, the tenure was extended for another 18 months.
In a public notice dated October 28, the ministry has invited applications from eligible candidates for the post of chairman of SEBI for a maximum tenure of five years or up to 65 years, whichever is earlier.
A public notice issued by the Department of Economic Affairs, Ministry of Finance said that the applications of eligible candidates along with attested copies of necessary documents may be forwarded through a proper channel (where applicable) on or before December 6, 2021. can.
“Incomplete applications and applications received after the last date will not be considered,” it said.
In the past, the government has given UK Sinha an extension for three years, making him the second longest-serving chief of SEBI after DR Mehta.
In Tyagi’s case, the government had issued appointment notifications twice. According to the first notification issued on February 10, 2017, Tyagi, the then Additional Secretary (Investment) in the Department of Economic Affairs, was appointed chairman of SEBI for more than five years or till he attains the age of 65 years or till further orders. , whichever is earlier.
Subsequently, another notification limited his appointment to an initial period of three years.
As per the process of appointment of regulators, candidates will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by the Cabinet Secretary.
The shortlisted candidates are interviewed by the Secretary of Economic Affairs and a panel of three external members having domain knowledge.
Based on the talks, the FSRASC recommended the name to the Appointments Committee of the Cabinet, headed by the Prime Minister. Narendra Modi for approval.
Tyagi, 1984 batch I a s officers of Himachal Pradesh The cadre was appointed as the Chairman of SEBI on March 1, 2017 for a period of three years. Thereafter, he was given an extension of six months and later in August 2020, the tenure was extended for another 18 months.
In a public notice dated October 28, the ministry has invited applications from eligible candidates for the post of chairman of SEBI for a maximum tenure of five years or up to 65 years, whichever is earlier.
A public notice issued by the Department of Economic Affairs, Ministry of Finance said that the applications of eligible candidates along with attested copies of necessary documents may be forwarded through a proper channel (where applicable) on or before December 6, 2021. can.
“Incomplete applications and applications received after the last date will not be considered,” it said.
In the past, the government has given UK Sinha an extension for three years, making him the second longest-serving chief of SEBI after DR Mehta.
In Tyagi’s case, the government had issued appointment notifications twice. According to the first notification issued on February 10, 2017, Tyagi, the then Additional Secretary (Investment) in the Department of Economic Affairs, was appointed chairman of SEBI for more than five years or till he attains the age of 65 years or till further orders. , whichever is earlier.
Subsequently, another notification limited his appointment to an initial period of three years.
As per the process of appointment of regulators, candidates will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by the Cabinet Secretary.
The shortlisted candidates are interviewed by the Secretary of Economic Affairs and a panel of three external members having domain knowledge.
Based on the talks, the FSRASC recommended the name to the Appointments Committee of the Cabinet, headed by the Prime Minister. Narendra Modi for approval.
.