The Indian government has announced the appointment of Kamlesh Chandra Varshney and Amarjeet Singh as whole time members to the board of the Securities and Exchange Board of India (SEBI). This move comes as part of the government’s efforts to strengthen the regulatory framework governing the financial markets.
While Varshney, a 1990-batch officer of the Indian Revenue Service, is a Joint Secretary at the Department of Revenue, Singh is serving as an Executive Director at the Capital Markets Regulator.
Through two distinct notifications, the Department of Economic Affairs within the Finance Ministry has communicated that both appointments will remain in effect for a duration of three years starting from the date of assuming their roles or until revised instructions are issued, whichever event comes first. These recently appointed members will step into the positions left vacant due to the retirements of Ananta Barua and SK Mohanty.
