A 1985-batch Gujarat-cadre officer Anil Mukim is in the race for the post of Securities and Exchange Board of India (SEBI) chief. He retired as the Chief Secretary of Gujarat in Aug, 2021. He had earlier worked in the chief minister’s office as principal secretary from 2001-05 when Narendra Modi was the CM, and had got two extensions as Chief Secretary.
Incumbent SEBI chairman Ajay Tyagi will be retiring in February 2022 after a five-year stint.
Along with Mukim 1987 batch IAS officer – Debasish Panda, Uttar Pradesh cadre is also in race. He is currently the senior-most bureaucrat in the Ministry of Finance and will be retiring from the administrative services in January 2022.
Madhabi Puri Buch is the third candidate for the position of SEBI chief. The only non-bureaucratic candidate for the post has earlier headed ICICI Securities and also served in SEBI between 2017 and 2021.
MS Sahoo, Chairperson of Insolvency and Bankruptcy Board of India (IBBI) was also a likely option for the post but is being ruled out since he has already turned 63. Earlier records vouch that SEBI chairman is appointed at least for three years and serves up to the age of 65 years.
The Financial Sector Regulatory Appointment Search Committee (FSRASC), headed by the Cabinet Secretary, will conduct interviews for the post of SEBI chief after December 6, which is the last day to apply.