InvestorQ : Is it true that the SEBI Chief has been given an extension?
Gayatri Surendran made post

Is it true that the SEBI Chief has been given an extension?

Answer
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2 months ago


That is absolutely correct. Mr. Ajay Tyagi, the current chairman of SEBI, has got an 18-month extension till 28 Feb 2022. Earlier this year, he had been given a 6-month extension till 31 August. In the last two years, Mr. Tyagi has driven strongly for greater transparency and better protection of the interests of small investors in the market. The recent decision to discourage speculation with the new margin policy was on those lines.

It may be recollected that Ajay Tyagi was earlier the Additional Secretary, Investments, in the Department of Economic Affairs before he took over as the Chief of SEBI in 2017. The real challenge for the SEBI chief may be handling the volatility in the market once the pandemic related EMI moratorium is lifted and the economy reverts to normal momentum.