On Wednesday, the Govt extended the Securities & Exchange Board of India (Sebi) Chairman Ajay Tyagi’s term by eighteen months.
An order on the website of Department of Personnel Training said that “The Appointments Committee of the Cabinet has approved the extension of term of appointment of Shri Ajay Tyagi (HP:1984) as Chairman, Securities & Exchange Board of India (Sebi) by a further period of 18 months w.e.f 01.09.2020 up to 28.02.2022 or until further orders, whichever is earlier".
The Govt had earlier this year granted a 6-month extension to Tyagi, ahead of the expiry of his three-year tenure on March 1. Tyagi took charge from his predecessor, U K Sinha, on March 1, 2017.
Ajay Tyagi, a 1984 batch IAS officer from Himachal Pradesh cadre, was additional secretary (investment) in the Department of Economic Affairs before he was appointed as the Sebi chairman.
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