Home India Ministry of Finance In exercise of the powers conferred by Sub Section 1 a and S...
Date: 2020-02-28 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Sub Section 1 a and Sub Section 4 of Section 4 of the Securities and Exchange Board of India Act

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

This notification, S.O. 911(E), issued by the Ministry of Finance, Department of Economic Affairs, Financial Market Division on February 28, 2020, extends the term of appointment of Shri Ajay Tyagi as Chairman of the Securities and Exchange Board of India (SEBI). The extension is for a period of six months beyond February 29, 2020, or until further orders, whichever is earlier. This action is taken in exercise of the powers conferred by Sub-Section (1A) and Sub-Section (4) of Section 4 of the Securities and Exchange Board of India Act, 1992, read with Rule 3 of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. The notification is referenced as F. No. 2/16/2019-RE and is issued by Jt. Secy. Anand Mohan Bajaj.

Key Entities Referenced

Ministry of Finance: The Indian government ministry responsible for economic policy, financial regulation and other financial matters. Department of Economic Affairs: A department within the Ministry of Finance responsible for formulating and monitoring macroeconomic policies. Securities and Exchange Board of India: A regulatory body for the securities market in India. Securities and Exchange Board of India Act, 1992: The Act of the Indian Parliament that established the Securities and Exchange Board of India (SEBI). Securities and Exchange Board of India Terms and Conditions of Service of Chairman and Members Rules, 1992: Rules governing the service conditions of the Chairman and members of the Securities and Exchange Board of India. Ajay Tyagi: Chairman of the Securities and Exchange Board of India (SEBI) whose term of appointment was extended. Central Government: The executive authority of the Union of India. New Delhi: The capital of India, where the notification was issued.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E2x8x0x 22020-216464 CG-DL-E-28022020-216464 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 833] नई ददल्ली, िक्रु िार, फरिरी 28, 2020/फाल्ग नु 9, 1941 No. 833] NEW DELHI, FRIDAY, FEBRUARY 28, 2020/PHALGUNA 9, 1941 जित्त मत्रं ालय (आर्थथक काय यजिभाग) (जित्त ीय बाजार प्रभाग) अजधसचू ना नई ददल् ली, 28 फरिरी, 2020 का.आ. 911(अ).—भारतीय प्रजतभूजत और जिजनमय बोड य (अध् यक्ष एिं सदस्ट् यों के सेिा िततथ तथा जनबंधन) जनयमािली, 1992 के जनयम 3 के साथ पठित भारतीय प्रजतभूजत और जिजनमय बोड य अजधजनयम, 1992 (1992 का 15) के धारा 4 के उप-धारा 1(क) और उप-धारा 4 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, केंद्र सरकार एतद्द्वारा श्री अजय त् यागी भारतीय प्रजतभूजत और जिजनमय बोड य के अध् यक्ष के रूप में जनयुजि के अिजध को 29.02.2020 छह माह के जलए अथिा अगले आदिे ों तक, इसमें से जो भी पहल े हो, बढाती ह।ै [फा. सं. 2/16/2019-आर.ई.] आनंद मोहन बजाज, संयुक् त सजचि 1192 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Economic Affairs) (FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 28th February, 2020 S.O. 911(E).—In exercise of the powers conferred by Sub-Section (1)(a) and Sub-Section (4) of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), read with Rule 3 of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992, the Central Government hereby extends the term of appointment of Shri Ajay Tyagi as Chairman of the Securities and Exchange Board of India for a period of six months beyond 29.02.2020 or until further orders, whichever is earlier. [F. No. 2/16/2019-RE] ANAND MOHAN BAJAJ, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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