 "Govt plans to appoint another joint secretary-rank bureaucrat to Sebi board")
The Centre has appointed another joint secretary-rank bureaucrat to the board of the Securities and Exchange Board of India (Sebi). Some believe the move could weaken the stature of the regulator.
From Thursday, K V R Murthy, joint secretary, Ministry of Corporate Affairs (MCA), will take charge as a government nominee member on the Sebi board. He will replace secretary Injeti Srinivas. Recently, Anand Mohan Bajaj, joint secretary of the Department of Economic Affairs, joined the Sebi board. He replaced secretary Subhash Chandra Garg.
Under the Sebi Act, the regulator’s board should consist of a chairman, two nominees
From Thursday, K V R Murthy, joint secretary, Ministry of Corporate Affairs (MCA), will take charge as a government nominee member on the Sebi board. He will replace secretary Injeti Srinivas. Recently, Anand Mohan Bajaj, joint secretary of the Department of Economic Affairs, joined the Sebi board. He replaced secretary Subhash Chandra Garg.
Under the Sebi Act, the regulator’s board should consist of a chairman, two nominees
