SEBI Chairman U K. Sinha term extended

The Union Government extended U K. Sinha term as the chairman of the SEBI for a period of two years.

Jan 15, 2014 15:08 IST
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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.

image Sinha succeeded C B Bhave as chairman of SEBI on 18 February 2011 for a period of three years. As a result his term was going to complete in February 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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