Barua takes charge as Sebi's whole-time member; regulator reallocates departments

Ananta Barua today took charge as whole time member of capital markets regulator Sebi and will handle key departments like regulation and supervision of market intermediaries, as also legal affairs.

Pursuant to the appointment of Barua, Sebi has re-allocated departments among its whole time members, the regulator said in a statement.

In his new role, he will also handle department enquiries and adjudication; debt and hybrid securities; along with RTI and board cells.

Barua, who was the executive director in the market regulator, has been appointed to the post for three years or till he attains the age of 65 years, whichever is the earliest.

He took charge as the executive director of Sebi in May 2010. Prior to this assignment, he was legal adviser in the legal affairs department of Sebi.

Barua is a commerce graduate with LLB from the University of Delhi.

He was on deputation to the Central Bank of Bahrain as legal adviser and has also worked with the Industrial Finance Corporation of India (IFCI), National Fertilizers Ltd (NFL) and DCM Ltd.

According to Sebi, another whole time member G Mahalingam will be responsible for departments like corporate finance, foreign portfolio investors and custodians, investigations, human resources and investor assistance and education.

While Madhabi Puri Buch will look after departments including collective investment schemes, integrated surveillance, special enforcement cell, economic and policy analysis and information technology.

Further, S K Mohanty will handle department including market regulation, commodity derivatives market rules and international affairs.