Govt begins mulling anew for Sebi member after IAS officer refuses post

Likely to select from three already shortlisted; follows Sanjeev Kaushik refusal to take the job if made to retire from IAS

The government has begun the search for a new wholetime member (WTM) at the Securities and Exchange Board of India (Sebi), after appointed candidate Sanjeev Kaushik refused to join on deputation.

Sources say the appointment committee might not conduct the process all over again and would appoint among already shortlisted candidates. The government is likely to pick from among three names, of which two are already with Sebi.

Currently, Sebi has two WTMs-G Mahalingam and Madhabi Puri Buch. The markets regulator needs two more. Typically, Sebi operates with three WTMs; recently, the Centre approved one more WTM's post.

Kaushik, a 1992 batch Indian