Madhabi Puri Buch appointed as SEBI Chairperson
PrintListen to this Article
Madhabi Puri Buch has been named the chairperson of Securities and Exchange Board of India (SEBI), the first woman to head the capital market regulator as the tenure of incumbent Ajay Tyagi ends on February 28.
Madhabi Puri Buch, a former SEBI Whole Time Member, was previously nominated to lead a new technology committee set up by the market regulator.
Buch was not only the first woman as WTM of SEBI, but also the first person from the private sector as well. She started her career with ICICI Bank, went on to become MD and CEO at ICICI Securities from Feb 2009 to May 2011.
In 2011, she left for Singapore to join Greater Pacific Capital LLP.
The stock market was awaiting clarity on whether SEBI would get a new chairman or the current one, Ajay Tyagi, would get another extension.
To be sure, the finance ministry invited applications in October for the post of chairman and the deadline for submission was December 6.
On February 22, finance minister Nirmala Sitharaman said: "Shortlisting for the post probably is yet to happen."
The government gave an extension to UK Sinha for three years, making him the second longest-serving chief of SEBI after D R Mehta.
As per the procedure for appointment of regulators, candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee headed by the cabinet secretary. Based upon interactions, the FSRASC recommends the name to the appointments committee of cabinet headed by prime minister Narendra Modi.
Category : SEBI | Comments : 0 | Hits : 519
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing escrow account that has been set up in a nationalised bank especially for that purpose. The regulator stated in an order that the escrow account(s) would establish a lien in favour of SEBI and that th...
The Securities and Exchange Board of India (Sebi), the country's market regulator, has announced the launch of an optional same-day (T+0) settlement cycle for a select group of 25 stocks starting March 28, as per a circular published on its website last Thursday. This new initiative, referred to as the beta version, is set to coexist with the traditional next-day (T+1) settlement cycle, where trades are settled within 24 hours of execution. The T+0 settlement option will be available for ...
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Pr...
Sebi alerts investors about the growing trend of unregistered entities falsely claiming Sebi registration and offering unrealistic returns. Investors are advised to verify the registration status and consider the inherent risks associated with high-return investments. The Securities and Exchange Board of India (Sebi) has issued a warning to investors, cautioning them against investing money with unregistered entities that promise assured or exceptionally high returns on investments. This advi...
Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of Rs. 7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi noted. The market regulator also asked the guest experts to pay Rs.7.41 crore. The guest experts appeared on the Zee Business channel from 1 February 2022 and 31 December 2022. "The facts of t...
Comments