Securities and Exchange Board of India (SEBI) announced on Monday that Madhabi Puri Buch has been appointed as the new Chairman of the board. The appointment is initially for a period of three years, it said.
The tenure of current SEBI chairman Ajay Tyagi ends on February 28.
“The Appointments Committee of the Cabinet has approved the appointment of Madhabi Puri Buch, former Whole Time Member, SEBI to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post, or until further orders, whichever is earlier,” stated the government in a notification.
