Page 4 - Tuhin Kanta Pandey

Working to 'sort out issues' of NSE's IPO, says Tuhin Kanta Pandey

The country's largest exchange first applied for a listing in 2016 but faced a long-running case over equitable access for its trading members

I am sanguine IPO markets will take off soon: Tuhin Kanta Pandey

Pandey highlighted Sebi's efforts to engage with foreign portfolio investors and market participants to streamline compliance

Guardrails in place to check fraud: Sebi Chairman Tuhin Kanta Pandey

Independent directors, boards, auditors must step up to rein in greed: Pandey

Sebi takes a fresh regulatory stance under Tuhin Kanta Pandey's leadership

Pivots towards transparency and ease of doing business

Sebi reviews appointment process, cooling-off period for MII key officials

Markets regulator Sebi's board on Monday reviewed the norms for appointing specific key officials of stock exchanges and other market institutions, along with a cooling-off period before they can join a competing institution. These measures are aimed at ensuring that MIIs (market infrastructure institutions) are staffed with qualified, independent key management personnel (KMPs) and directors while safeguarding market integrity through effective cooling-off policies. Sebi also reviewed the process for appointing Public Interest Directors (PIDs) on the governing board of MIIs, following feedback from various stakeholders regarding the lack of shareholder approval for such appointments. "In order to have uniformity in the cooling-off period for PIDs and KMPs of an MII joining another MII, the existing provisions on cooling-off period were reviewed," Sebi chairman Tuhin Kanta Pandey addressed reporters after the board meeting. This led to a re-examination of the existing provisions, w

New Sebi chief Pandey's first board meeting: Key decisions and changes

Under new chief Tuhin Kanta Pandey, Sebi hikes disclosure bar for FPIs to Rs 50,000 crore in equity AUM, allows year-long advance fees for RAs/IAs, and reviews conflict of interest disclosure norms

No point unsettling system, FPIs should accept current taxation: Sebi chief

Sebi Chairman Tuhin Kanta Pandey on Saturday said there is no point unsettling the current taxation, and the foreign portfolio investors need to "live with" the system. Pandey, who took over as the Sebi chief three weeks ago, also said some companies are making "blatantly false disclosures" and the capital markets regulator does not "hesitate" to act against such malpractices. On the issue of taxation, Pandey listed out a slew of advantages which India -- the fastest growing large economy in the world -- offers, including delivering superior returns, stable policy environment and inflation being under control. "If some certainties have already come in terms of taxation, let us not unsettle it," he said, listing out positives with India like delivering over 11 per cent per annum returns on the MSCI over the last five years, fastest growing large economy, stable inflation, and fiscal consolidation. Consumption is picking up, and there is an upswing in capital formation both by the ..

Centre's disinvestment receipts in FY25 set to hit an 11-year low

The union government stopped setting specific disinvestment targets beginning in the 2023-24 financial year

Best of BS Opinion: Transparency is key to both democracy and global ties

Openness, reliability, and hope are critical to successful democracies and have a cumulative effect on both domestic and global ties

Sebi board to reveal 'conflicts of interest' to public: Tuhin Kanta Pandey

In his first public address after taking charge, Pandey emphasised that bold reforms don't have to be "big bang"

Looking to boost transparency, including on board conflicts: Sebi chief

Last week, veteran finance ministry bureaucrat Tuhin Kanta Pandey replaced Madhabi Puri Buch as the chief of the Securities and Exchange Board of India (SEBI)

Sebi to disclose conflict of interest in board, says Tuhin Kanta Pandey

Sebi Chairperson Tuhin Kanta Pandey's announcement marks his first major step toward enhancing transparency since taking over from Madhabi Puri Buch

New Sebi chief Tuhin Kanta Pandey looks to address employee concerns

"It's heartening to see the chairman address employees on his first full day, discussing concerns around targets and KRAs," said a source privy to the development

Economic affairs secretary Ajay Seth gets additional charge of revenue dept

Economic affairs secretary Ajay Seth was on Saturday given additional charge of the post of secretary, Department of Revenue, according to a personnel ministry order. The vacancy was necessitated following the appointment of revenue secretary Tuhin Kanta Pandey as the chairman of the Securities and Exchange Board of India (SEBI) on February 27. Pandey on Saturday assumed charge as the chief of the Mumbai-based capital markets regulator. The competent authority has approved the assignment of the additional charge of the secretary of the Department of Revenue to Ajay Seth, secretary of the Department of Economic Affairs till the appointment of a regular incumbent, the order said.

Technology, teamwork, transparency & trust: New Sebi chief's mantra

Tuhin Kanta Pandey on Saturday assumed charged as the new Sebi chief

Tuhin Kanta Pandey assumes charge as Sebi chairperson for 3 years

An IAS officer from the 1987 Odisha cadre, he has been serving as the Finance Secretary and Secretary of the Department of Revenue; his tenure will span three years from the date he assumes office

Markets to policy: 11 challenges for new Sebi chief Tuhin Kanta Pandey

The regulator's 11th chairman will have to balance the interest of investors and policy changes

North Block to Sebi's hot seat: Market's new watchman Tuhin Kanta Pandey

Pandey's tenure as the DIPAM secretary also saw the public listing of Life Insurance Corporation of India and the government moving away from disclosing disinvestment targets

Madhabi Puri Buch to hang up her boots as Sebi chief after 3-year tenure

India's first woman Sebi Chief Madhabi Puri Buch, who faced conflict of interest allegations by the US-based short-seller Hindenburg and also political heat thereafter, would complete her three-year tenure later on Friday and will be succeeded by Finance Secretary Tuhin Kanta Pandey. Before her appointment as Sebi chief, veteran investment banker who has also work with country's leading private sector lender ICICI Bank, joined Sebi's board as a whole-time member in April 2017 and was later elevated as a chairperson in March 2022. She succeeded former IAS officer Ajay Tyagi, who held the top position for five years, from March 1, 2017, to February 28, 2022. Buch's stint at Sebi Chief has been marked by both significant strides and notable challenges. Taking charge on March 2, 2022, Buch made history as the first woman to lead the market regulator, as well as the first private-sector individual to hold the position. Although, Buch in her tenure made significant strides in areas like

Investors want new Sebi chief Tuhin Kanta Pandey to keep things simple

A career bureaucrat, Pandey is currently India's Finance Secretary, he oversees the revenue department