The race to head the Securities and Trade Board of India (Sebi) is hotting up at the time once again as Chairman Ajay Tyagi’s tenure ends up coming month.
The Insolvency and Personal bankruptcy Board of India’s (IBBI’s) chief Madhusudan Sahoo and Sebi Complete-time Member (WTM) Madhabi Puri Buch are believed to be the leading contenders to realize success Tyagi.
Apart from them, previous company affairs secretary Injeti Srinivas and a handful of other officers of the finance and company affairs ministries are also learnt to be in the race, claimed folks acquainted with the developments. Text messages despatched to Sahoo and Buch remained unanswered.
The authorities experienced narrowed down on some of these names in February, ahead of Tyagi’s 3-calendar year tenure was set to finish on February 28. Having said that, he was granted a 6-month extension to assure continuity at Sebi amidst the Covid-19 crisis.