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SEBI chairman gets six-month extension

By IndianMandarins- 29 Feb 2020


Two days ahead of completion of fixed tenure; the outgoing Chairman of the Securities and Exchange Board of India (Sebi) was given extension for a period of six months beyond 29.02.20 or until further orders.

In view of the growing uncertainty in domestic and global markets the government reportedly wanted to ensure continuity at the level of capital-markets regulator. It may be underlined that Mumbai stock indices, this month, mirrored the global rout in equities which broadly erased the entire gains of 2020.

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