New Delhi: Before the end of the tenure of Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi, the Ministry of Finance has invited applications from qualified candidates to appoint the new chairman. Tyagi was made the chairman of SEBI for 3 years and his term ends next month.
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Tyagi is a 1984 batch IAS officer of Himachal Pradesh cadre. He was made the chairman of SEBI for three years in 2017. He assumed the post of SEBI Chairman on 1 March 2017. The Department of Financial Affairs of the Ministry of Finance has issued an order on January 24, in respect of filling the post of Chairman of the Securities and Exchange Board of India. In this order, applications have been sought for the post of SEBI chairman. The last date for submission of application is 10 February.
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The applicant has to submit his 5-year annual confidential report, Integrity Certificate, Vigilance Certificate, and No-Penalty Certificate. Tyagi can also reapply for this post. However, his application will be treated as a new appointment and not a service extension. For the appointment of a regulator under the process, the candidate is selected by the Financial Sector Regulator Appointment Search Committee (FSRASC) headed by the Cabinet Secretary.
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