 "Santosh Kumar Mohanty appointed whole-time member Sebi")
Santosh Kumar Mohanty was on Friday appointed as a whole-time member of the Securities and Exchange Board of India (Sebi).
Currently, Mohanty is executive director (ED) of Sebi — heading the commodities derivatives-market regulation department created by the regulator after its merger with the Forward Market Commission (FMC).
Mohanty, has been appointed for three years, or till the age of 65 years, on the pay as admissible to an additional secretary to the Government of India, or a consolidated salary of Rs 3,75,000 per month, the order issued by the Department of Personnel and Training said.
He joined Sebi in Mumbai on September 29, 2015. Prior to this, he was serving as a director in FMC. An officer from the Indian Revenue Service, Mohanty has earlier served in the Income Tax Department at Kolkata, Nagpur and Mumbai.
Sources said five former and present EDs of Sebi were shortlisted for the position. This is the first time when an internal official has been appointed. All the shortlisted candidates were interviewed on April 5. Mohanty is the fourth whole-time member appointed by the regulator. Sebi has only two whole-time members — G Mahalingam and Madhabi Puri Buch. The third one has been kept in abeyance after appointed candidate Sanjeev Kaushik refused to join on deputation basis.
Currently, Mohanty is executive director (ED) of Sebi — heading the commodities derivatives-market regulation department created by the regulator after its merger with the Forward Market Commission (FMC).
Mohanty, has been appointed for three years, or till the age of 65 years, on the pay as admissible to an additional secretary to the Government of India, or a consolidated salary of Rs 3,75,000 per month, the order issued by the Department of Personnel and Training said.
Also Read
Sources said five former and present EDs of Sebi were shortlisted for the position. This is the first time when an internal official has been appointed. All the shortlisted candidates were interviewed on April 5. Mohanty is the fourth whole-time member appointed by the regulator. Sebi has only two whole-time members — G Mahalingam and Madhabi Puri Buch. The third one has been kept in abeyance after appointed candidate Sanjeev Kaushik refused to join on deputation basis.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%