Madhabi Puri Buch becomes first woman chairperson of SEBI; Check Full list of SEBI Chairmen
New Chairman of SEBI: Appointed by the Government of India on February 28, 2022 Madhabi Puri as the new chairman of butch market regulator SEBI (Securities and Exchange Board of India).
Madhabi Puri is the former head of ICICI Securities and has Became the first woman chairman of SEBI, She will succeed Ajay Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre.
The notification issued by the Government of India said that the Appointments Committee of the Cabinet has approved the appointment of Madhabi Puri Buch, former whole-time member of SEBI, to the post of Chairman, SEBI for a period of three years from the date of appointment. To assume charge of the post.
Who is Madhabi Puri Buch?
1. Madhabi Puri Buch had served as a whole-time member in SEBI between 2017 and 2021 and has now become the first woman to head the markets regulator.
2. Buch is an alumnus of IIM Ahmedabad. She will also be the first person in the private sector to be appointed as the head of the Securities and Exchange Board of India (SEBI).
3. Prior to this, Butch served as non-executive director of companies such as Zensar Technologies, Idea Cellular Ltd and Max Healthcare. He also headed ICICI Securities as Chief Executive for a period of two years.
4. The new chairman of SEBI has donned various caps and has been a member of the founding committee of the Indian Banks’ Association. She has also been a member of the Management Committee of the Bombay Chamber of Commerce and Industry.
5. Madhabi Puri Buch will be the youngest ever chairman of SEBI and is likely to take charge on March 2, 2022.
New Chairman of SEBI: What will be the immediate action?
Madhabi Puri Buch will take over as the new head of SEBI at a time when global markets have been hit by the Russia-Ukraine conflict. The immediate agenda for Butch would be to approve the Life Insurance Corporation of India’s (LIC) initial public offering document. The sale will be India’s largest primary fundraising market.
SEBI Chairman List
| Name | From | To |
|---|---|---|
| Madhabi Puri Buchu | 1 March 2022 | Present |
| Ajay Tyagi | 10 February 2017 | 28 February 2022 |
| UK Sinha | 18 February 2011 | 10 February 2017 |
| CB Bhave | 18 February 2008 | 18 February 2011 |
| M. Damodaran | 18 February 2005 | 18 February 2008 |
| GN Bajpayee | 20 February 2002 | 18 February 2005 |
| Dr. Mehta | 21 February 1995 | 20 February 2002 |
| SS Nadkarni | 17 January 1994 | 31 January 1995 |
| GV Ramakrishna | 24 August 1990 | 17 January 1994 |
| Dr. SA Dave | 12 April 1988 | 23 August 1990 |
About SEBI
The Securities and Exchange Board of India is the regulatory body for the securities and commodity markets in India. It is owned by the Ministry of Finance and was established on 12th April, 1988. The statutory powers were given to SEBI on 30 January 1992 through the SEBI Act, 1992.
The object of SEBI is to protect the interests of investors in securities and to promote development and to regulate the securities market and for matters connected therewith.
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