Sinha as­sumes charge as Sebi chief for an­other year

The Pak Banker - - BUSINESS -

MUM­BAI: The in­cum­bent chief of Se­cu­ri­ties and Ex­change Board of In­dia (Sebi) on Thurs­day as­sumed of­fice for one more year. "On his reap­point­ment as chair­man, Sebi, U.K. Sinha has as­sumed the charge to­day, Fe­bru­ary 18, 2016," said Sebi in a press state­ment. The govern­ment on Mon­day had ex­tended U.K. Sinha's ten­ure as chair­man of the mar­ket watch­dog for a year, opt­ing for con­ti­nu­ity at a time of do­mes­tic and global mar­ket volatil­ity. The ap­point­ments com­mit­tee of the cab­i­net ap­proved ex­ten­sion for Sinha from 18 Fe­bru­ary 2016 to 1 March 2017 "or un­til fur­ther or­ders, whichever is ear­lier," the govern­ment said in a press re­lease. Sinha, a 1976 batch In­dian Ad­min­is­tra­tive Ser­vice (IAS) of­fi­cer of the Bi­har cadre, as­sumed of­fice as chair­man of the cap­i­tal mar­ket reg­u­la­tor on 18 Fe­bru­ary 2011.

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