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The search for the next chairman of SEBI begins, Ajay Tyagi will retire in February, the government has sought applications

SEBI next chairman news: Eligible candidates can send their application along with prescribed format and certified copy of required documents on or before 6th December, 2021.

SEBI next chairman news: Ministry of Finance has sought applications for the post of Chairman of Securities and Exchange Board of India (SEBI). The five-year term of the current SEBI chief Ajay Tyagi ends in February next year. Tyagi, a 1984 batch Himachal Pradesh cadre officer of the Indian Administrative Service (IAS), was appointed as the chairman of SEBI on March 1, 2017 for a period of three years, PTI reported. Later, he was given an extension of service for six months. Tyagi’s tenure was extended by another 18 months in August 2020.

tenure of sebi chairman

According to the news, in a public notice issued on October 28, the ministry has sought applications from eligible candidates for the post of SEBI chief. This appointment will be made for a maximum period of five years or till the age of 65 years, whichever is earlier. The Department of Economic Affairs, Ministry of Finance has said in a public notice that eligible candidates can send their applications in the prescribed format and attested copies of required documents on or before 6 December 2021.

In the past, U K Sinha got a long extension

In the past, the government had given a three-year extension to U K Sinha. He was the longest serving SEBI chief after DR Mehta. As far as Tyagi is concerned, the government had issued two notifications regarding his appointment.

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The names of the candidates for this post will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by the Cabinet Secretary. These candidates will be interviewed by a committee headed by the Secretary, Economic Affairs. The committee will have three external members.

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