Business Standard has reported that two Whole-Time Member (WTM) positions at SEBI remain vacant, leaving only two WTMs on the regulator’s board following the completion of Mr. Ananth Narayan G’s tenure.
Over the past few years, extended gaps between tenures of successive WTMs have become increasingly common – raising questions about continuity and momentum in SEBI investigations, policymaking, and the disposal of quasi-judicial matters.
In this context, Mr. Sumit Agrawal , Founder, Regstreet Law Advisors & Former SEBI Officer has been quoted in the article of Business Standard (authored by Ms. Khushboo Tiwari) titled ‘𝘚𝘦𝘣𝘪 𝘳𝘶𝘯𝘴 𝘭𝘦𝘢𝘯 𝘢𝘨𝘢𝘪𝘯 𝘢𝘴 𝘵𝘸𝘰 𝘸𝘩𝘰𝘭𝘦-𝘵𝘪𝘮𝘦 𝘮𝘦𝘮𝘣𝘦𝘳 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘴 𝘳𝘦𝘮𝘢𝘪𝘯 𝘷𝘢𝘤𝘢𝘯𝘵’. He is of the view that:
“𝘊𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘵𝘺 𝘢𝘵 𝘵𝘩𝘦 𝘚𝘦𝘣𝘪 𝘣𝘰𝘢𝘳𝘥 𝘭𝘦𝘷𝘦𝘭 𝘪𝘴 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘢𝘴 𝘪𝘵 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘴 𝘣𝘰𝘵𝘩 𝘱𝘰𝘭𝘪𝘤𝘺 𝘥𝘪𝘳𝘦𝘤𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘢𝘥𝘫𝘶𝘥𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘮𝘢𝘵𝘵𝘦𝘳𝘴. 𝘗𝘦𝘳𝘪𝘰𝘥𝘴 𝘰𝘧 𝘷𝘢𝘤𝘢𝘯𝘤𝘺, 𝘸𝘩𝘪𝘤𝘩 𝘩𝘢𝘷𝘦 𝘣𝘦𝘤𝘰𝘮𝘦 𝘮𝘰𝘳𝘦 𝘤𝘰𝘮𝘮𝘰𝘯 𝘪𝘯 𝘳𝘦𝘤𝘦𝘯𝘵 𝘺𝘦𝘢𝘳𝘴, 𝘤𝘢𝘯 𝘢𝘧𝘧𝘦𝘤𝘵 𝘵𝘩𝘦 𝘱𝘢𝘤𝘦 𝘰𝘧 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯-𝘮𝘢𝘬𝘪𝘯𝘨 𝘢𝘯𝘥 𝘳𝘢𝘪𝘴𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘰𝘶𝘯𝘥 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘵𝘺. 𝘚𝘦𝘣𝘪’𝘴 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘴𝘵𝘢𝘧𝘧 𝘦𝘯𝘴𝘶𝘳𝘦𝘴 𝘥𝘢𝘺-𝘵𝘰-𝘥𝘢𝘺 𝘧𝘶𝘯𝘤𝘵𝘪𝘰𝘯𝘪𝘯𝘨 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘴𝘮𝘰𝘰𝘵𝘩, 𝘣𝘶𝘵 𝘵𝘩𝘦 𝘢𝘣𝘴𝘦𝘯𝘤𝘦 𝘰𝘧 𝘢 𝘧𝘶𝘭𝘭 𝘣𝘰𝘢𝘳𝘥 𝘤𝘢𝘯 𝘴𝘵𝘪𝘭𝘭 𝘪𝘮𝘱𝘢𝘤𝘵 𝘭𝘰𝘯𝘨-𝘵𝘦𝘳𝘮 𝘱𝘰𝘭𝘪𝘤𝘺 𝘮𝘰𝘮𝘦𝘯𝘵𝘶𝘮.”
He also stated that other board-level vacancies are expected within the next year, making timely appointments even more important to ensure continuity in SEBI’s adjudicatory, enforcement, and policy functions.
The full article by Business Standard can be accessed here: https://lnkd.in/gBnGz6Vm
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