New Delhi: The Ministry of Finance has invited the application to appoint the Chairperson of the Securities and Exchange Board of India (SEBI) next to replace Ajay Tyagi, which is five years in February.
Tyagi, officer IAS IAS 1984 from Himachal Pradesh Cadre, was appointed as chairman of the year on March 1, 2017, for a period of three years.
Furthermore, he was given an extension of six months and later in August 2020, the tenure was extended by 18 months.
In public notification on October 28, the ministry has invited applications from candidates who qualify for the position of chairman for a maximum period of five years or up to 65 years, which is earlier.
The candidate application that qualifies in the Proforma specified along with a certified copy of the required documents can be forwarded, through the right channel (anywhere applicable) on or before December 6, 2021 public notifications issued by the Ministry of Finance’s Ministry of Economic Affairs Department.
“Incomplete applications and applications are accepted after the last date will not be considered,” he said.
In the past, the government had provided an extension to you K Sinha for three years, making it the peer head that served both second after D R Mehta.
In the case of Tyagi, the government issued a notification of promises twice.
According to the first notification issued on February 10, 2017, Tyagi, another additional secretary (Investment) in the Department of Economic Affairs, was appointed as a chairman for a period of time not exceeding five years or until the age of 65 or until further orders, which earlier .
Furthermore, other notification limits its appointment in the early three-year period.
According to the procedure for the appointment of regulators, the candidates will be elected by the Financial Sector Regulation Regulation Search Committee (FSRASC) led by the Cabinet Secretary.
The elected candidate was interviewed by the panel consisting of economic affairs secretary and three external members who had domain knowledge.
Based on interactions, FSCASC recommends the name to the cabinet promise committee led by Prime Minister Narendra Modi for approval.