Senior IAS officer Ajay Tyagi took charge as the chairman of the Securities and Exchange Board of India. Tyagi, a 1984-batch IAS officer of Himachal Pradesh Cadre, has held several responsible positions before taking charge as the ninth chairman of the Sebi. He has taken over from U K Sinha, who completed his six-year tenure on February 28.
About SEBI (Securities and Exchange Board of India)
Sebi is a statutory body which besides regulating stock exchanges, also supervises various kinds of market entities including brokers, mutual funds, FIIs, rating agencies and investment bankers, as also thousands of listed companies.
The SEBI members consists of following:
1. The chairman who is nominated by Union Government of India.
2. Two members, i.e., Officers from Union Finance Ministry.
3. One member from the Reserve Bank of India.
4. The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.