The Hindu Business Line : Ministry begins search for top SEBI slots

New Delhi, Dec. 7 As part of the search process for the next round of top-level appointments at the SEBI board, the Finance Ministry has shot off letters to various professional institutes like the Institute of Company Secretaries of India (ICSI) to recommend names that could be considered for the appointment of SEBI Chairman and whole-time members in the coming days.

The Securities and Exchange Board of India Chairman is appointed for a term of three years.

The term of the incumbent Chairman, Mr M. Damodaran, is due for completion in February 2008. He took charge in February 2005.

A whole-time member, Mr G Anantharaman, is to superannuate this month.

SEBI board has three whole-time members.

“Profession of Company Secretary is a very important aspect of our capital market. That is why we have written a letter to ICSI to suggest names (of their members) who could be considered by the Government and selection committee for such top appointments,” said Dr K.P. Krishnan, Joint Secretary-capital markets, Department of Economic Affairs in the Finance Ministry.

He confirmed that similar letters have been sent to other professional institutes like the Institute of Chartered Accountants of India also.

Dr Krishnan said the professional institutes have been asked to suggest the names by December 15.

More Stories on : Regulatory Bodies & Rulings | People

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fidelity Anywhere Web site launched

GVK Power to consider stock split

Suzlon Energy arm starts trading on London SE

IT stocks jump on re-rating hopes

Bombay Dyeing stock plummets after clarification

Order buzz lifts Tech Mahindra

Rain Calcining merger record date

Suzlon gets nod for stock split

Volatile movement

Govt may allow non-govt PFs to invest up to 10% in stocks

NSE revises lot size for 106 securities

Ministry begins search for top SEBI slots