U K Sinha to be appointed Sebi chairman: Government

The government on Thursday issued a notification to reinstate U K Sinha as the chairman of Security and Exchange Board of India (Sebi).

The finance ministry confirmed the news on their official Twitter handle.

U K Sinha, will, therefore remain the Sebi chairman till March 1, 2017, as the government had earlier on Monday extended his term by over a year.

During his tenure, the organisation has implemented a number of reforms in the capital markets, including regarding initial public offerings, mutual funds and corporate governance.