Sebi Chairman appointment: Decision soon as extended tenure of incumbent Ajay Tyagi to end this month

The government will soon take a decision on the appointment of Sebi Chairman as the extended tenure of incumbent Ajay Tyagi will be ending this month.

Sources said senior bureaucrats and former members of Securities and Exchange Board of India (Sebi) have applied for the position.

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The finance ministry had invited applications from eligible candidates in October 2021 for the post of Sebi Chairman and the deadline for submission of the applications was December 6, 2021.

It is not yet clear whether Tyagi will get another extension or a new appointment will be made.

On Tuesday, Finance Minister Nirmala Sitharaman said “the process of calling for application has already happened… Shortlisting probably is yet to happen” while responding to a question regarding the tenure of Tyagi coming to an end this month.

When asked whether the incumbent will get an extension or a new person will be appointed, she had said, “you have to wait till February…

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