The Union Government extended the term of Securities and Exchange Board of India (SEBI) Chairman U K. Sinha for a period of two years on 14 January 2014.
Sinha is the only chairman among the last four chairmen whose term has been extended. D R Mehta is the only SEBI chief who held the post for a longer duration of seven years.
Sinha has taken major reforms in the capital market such as introduction of electronic Initial Public Offer, strict norms for merchant bankers, expansion of mutual fund in smaller cities and towns.
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