The Hindu Business Line : Bhave takes charge as SEBI Chairman

Transition at SEBI: The outgoing Chairman of Securities and Exchange Board of India, Mr M. Damodaran (right), and the new Chairman, Mr C.B. Bhave, in Mumbai on Monday.

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Mumbai, Feb. 18 Mr C.B. Bhave took charge as Chairman of SEBI on Monday.

Mr Bhave who has been appointed for a three-year term, was Chairman and Managing Director of the National Securities Depository Ltd (NSDL).

Mr M. Damodaran whose term as SEBI Chairman ended on Sunday, February 17, handed over the charge to Mr Bhave at SEBI Bhavan at BKC in the morning.

Besides having meeting with senior officials, Mr Bhave also attended the weekly Market Surveillance Committee meeting. BSE and NSE officials were present at the meeting.

Incidentally, SEBI Board, which comprises of eight members and takes all the key decisions on the capital markets, will have quite a few new faces in near future.

Of the three whole-time members, Mr G. Anantharaman and Mr V.K. Chopra will be completing their terms shortly.

While the other member, Mr T.C. Nair has more than a year to go.

It was only last month that Dr G. Mohan Gopal, Director, National Judicial Academy, Bhopal joined the SEBI Board.

Other members

Besides the Chairman, other members of the present SEBI Board include Mr K.P. Krishnan, Joint Secretary (Capital Markets), Dept of Economics, Ministry of Finance; Mr V. Leeladhar, Deputy Governor, RBI; Mr Venu Srinivasan, Chairman & MD, TVS Motor; Mr Anurag Goel, Secretary, Ministry of Corporate Affairs.

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