 "Madhabi Puri Buch")
The three-year tenure of Madhabi Puri Buch, the first woman chairperson of the Securities and Exchange Board of India (Sebi), is set to conclude in a few days. Her predecessors, Ajay Tyagi and U K Sinha, each served for over five years, thanks to extensions in their tenures. Traditionally, an extension after an initial three-year term has been the norm.
However, Puri Buch’s situation is more complex.
While Puri Buch’s track record in market oversight and regulatory reforms has been exemplary, the controversy surrounding ‘conflict of interest’ — first raised by the now-defunct Hindenburg Research and subsequently by the Opposition
