As U K Sinha prepares to hand over the impressive top floor office at Sebi Bhavan to Ajay Tyagi, it is time to look at the rearview mirror. Sinha started his tenure at the Securities and Exchange Board of India (Sebi) a bit shakily, fending off attacks from various quarters, making people wonder if he’d complete his three years. Eventually, he went on to stay twice that long. Let us look at the key regulatory measures in each of those years, from the Sebi annual reports:
The first year (2011-12): The regulator made Asba (Application Supported by Blocked Amount) mandatory

)