<p>The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February.</p>.<p>Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, tenure was extended by 18 months.</p>.<p>In a public notice dated October 28, the ministry has invited applications from eligible candidates for the post of Sebi chairman for a maximum period of five years or till 65 years, whichever is earlier.</p>.<p>Applications of eligible candidates in prescribed proforma along with certified copies of required documents may be forwarded, through a proper channel (wherever applicable) on or before December 6, 2021 a public notice issued by the Finance Ministry's Economic Affairs Department said.</p>.<p>"Incomplete applications and applications received after the last date shall not be considered," it said.</p>.<p>In the past, the government has given extension to U K Sinha for three years, making him the second longest-serving chief of Sebi after D R Mehta.</p>.<p>In the case of Tyagi, the government issued appointment notification twice.</p>.<p>According to the first notification issued on February 10, 2017, Tyagi, the then Additional Secretary (Investment) in Department of Economic Affairs, was appointed chairman of Sebi for a period not exceeding five years or till the age of 65 years or until further order, whichever is earlier.</p>.<p>Subsequently, another notification curtailed his appointment to an initial period of three years.</p>.<p>As per the procedure for the appointment of regulators, the candidates will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary.</p>.<p>The shortlisted candidates are interviewed by the panel comprising Economic Affairs Secretary and three external members having domain knowledge.</p>.<p>Based on interaction, FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi for approval.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February.</p>.<p>Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period of three years. Subsequently, he was given a six-month extension and later in August 2020, tenure was extended by 18 months.</p>.<p>In a public notice dated October 28, the ministry has invited applications from eligible candidates for the post of Sebi chairman for a maximum period of five years or till 65 years, whichever is earlier.</p>.<p>Applications of eligible candidates in prescribed proforma along with certified copies of required documents may be forwarded, through a proper channel (wherever applicable) on or before December 6, 2021 a public notice issued by the Finance Ministry's Economic Affairs Department said.</p>.<p>"Incomplete applications and applications received after the last date shall not be considered," it said.</p>.<p>In the past, the government has given extension to U K Sinha for three years, making him the second longest-serving chief of Sebi after D R Mehta.</p>.<p>In the case of Tyagi, the government issued appointment notification twice.</p>.<p>According to the first notification issued on February 10, 2017, Tyagi, the then Additional Secretary (Investment) in Department of Economic Affairs, was appointed chairman of Sebi for a period not exceeding five years or till the age of 65 years or until further order, whichever is earlier.</p>.<p>Subsequently, another notification curtailed his appointment to an initial period of three years.</p>.<p>As per the procedure for the appointment of regulators, the candidates will be shortlisted by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Cabinet Secretary.</p>.<p>The shortlisted candidates are interviewed by the panel comprising Economic Affairs Secretary and three external members having domain knowledge.</p>.<p>Based on interaction, FSRASC recommends name to the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi for approval.</p>.<p><strong>Check out latest DH videos here</strong></p>