SEBI Bans Global Infratech, Directors and 12 Individuals from Markets moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
SEBI may extend term of SK Mohanty
April 15, 2021
×
Santosh Kumar Mohanty, the incumbent whole time member (WTM) of SEBI, is likely to get another extension, sources told
BusinessLine. Mohanty has been working with SEBI for over six years and his current term ends in June.
Also, the term of Ananta Barua, another WTM, will end in August. SEBI had called for new applications for the WTM post but the response from outside candidates has been tepid, the sources said.
Mohanty, a former income tax official, had joined SEBI from the erstwhile commodity market regulator FMC. In FMC, Mohanty oversaw the probe into the NSEL scam under the tutelage of the then commodity market regulator Ramesh Abhishek. In SEBI, he was first made an executive director and then became the WTM. For most part of his tenure at SEBI, Mohanty looked after market regulations and the commodity derivatives department. However, in a change of portfolio a few months ago, the market regulations and commodity deri
7
It is over a week since the National Stock Exchange (NSE) came to a slow, grinding halt on 24 February 2021 and we are still none the wiser about exactly what transpired that day.
While conspiracy theories on social media and trader networks abound, the market regulator and the Exchange are silent, barring a hasty, and shockingly inaccurate, press release from the Securities and Exchange Board of India (SEBI).
It is finance minister (FM) Nirmala Sitharaman’s statement that has corrected the picture with the admission that ‘interoperability’ between exchanges failed to work (contrary to SEBI’s press release) and that the stoppage of trading was a serious embarrassment.