Govt extends Sebi chairman Ajay Tyagi's term for another 18 months

Tyagi's predecessor UK Sinha, who was initially appointed for a three-year term, was also given multiple extensions

Ajay Tyagi will continue to be the head of the Securities and Exchange Board of India (Sebi) for another 18 months after the Centre extended his term as Sebi chairman up to February 28, 2022.

“The appointments committee of the cabinet has approved the extension of term for a further period of 18 months with effect from September 1 upto February 28, 2022, or until further orders, whichever is earlier,” the finance ministry said in a notification on Wednesday.

This is the second extension for the 62-year-old Indian Administrative Service (IAS) officer of the Himachal Pradesh cadre. His first three-year