Sinha assumes charge as Sebi chief for another year
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.