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Wednesday, Dec 15, 2004

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SEBI gets two new whole-time members

Our Bureau

Mumbai , Dec. 14

THE Union Cabinet has announced the appointment of Mr G. Anantharaman and Mr Madhukar as whole-time members of the Securities and Exchange Board of India (SEBI).

Mr Anantharaman recently retired as the Chief Commissioner of Income-Tax and was earlier the Director-General of Investigations of the I-T Department. Mr Madhukar was the Chairman of United Bank of India.

The Cabinet approved the posting of these two whole-time members till they attain the age of 62 or until further orders, whichever is earlier.

The portfolios to be handled by these new members of the SEBI Board have not yet been allocated. They are expected to take charge from Wednesday.

The SEBI Board did not have any whole-time members other than the Chairman, as Mr A.K. Batra resigned this week. Mr T.M. Nagarajan, the other whole-time member, had retired earlier this year.

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