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Date: 03-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Nomination of Secretary MCA as Member Securities and Exchange Board of India.

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces an amendment to the membership of the Securities and Exchange Board of India (SEBI).
  • It replaces Dr. Manoj Govil, the former Secretary of the Ministry of Corporate Affairs, with Ms. Deepti Gaur Mukerjee, the current Secretary of the Ministry of Corporate Affairs, as a member of SEBI.

Key Changes

  • Ms. Deepti Gaur Mukerjee is nominated as a new member of SEBI.
  • Dr. Manoj Govil's tenure as a SEBI member has ended.
  • This amendment is made under the powers conferred by sub-section 4 read with sub-section 1 of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992).
  • This is an amendment to the original notification S.O. 195(E) dated 09.03.1992, which has been previously amended multiple times (as detailed in the footnote).

Impact Analysis

Impact on SEBI

  • Possible impact on regulatory policies and enforcement depending on the new member's priorities.

Impact on the Ministry of Corporate Affairs

  • Continued representation through Ms. Mukerjee, potentially ensuring continuity in policy coordination between the two entities.

Impact on the Financial Markets

  • Long-term impact will depend on the policies and decisions made by SEBI with the new board composition.

Suggested Action Items

  • Assess potential impacts on relevant business operations and adapt strategies accordingly.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory body for the securities and commodity markets in India. This notification directly impacts its board composition. Ministry of Finance (Department of Economic Affairs, Financial Market Division): The issuing authority of this notification, exercising powers under the SEBI Act. Ministry of Corporate Affairs: The ministry from which both the outgoing and incoming SEBI members were appointed. Securities and Exchange Board of India Act, 1992 (15 of 1992): The legal framework under which the amendment to SEBI's membership is made.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03092024-256871 CG-DxLx-xEG-I0D3H0x9x2x0 24-256871 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3433] नई दिल्ली, मगं लिार, जसतम्ब र 3, 2024/भाद्र 12, 1946 No. 3433] NEW DELHI, TUESDAY, SEPTEMBER 3, 2024/BHADRA 12, 1946 जित्त मत्रं ालय (आर्थकि काय ि जिभाग ) (जित्तीय बािार प्रभाग) अधिसचू ना नई दिल् ली, 3 जसतम्ब र, 2024 का.आ. 3763(अ).—भारतीय प्रजतभूजत और जिजनमय बोड ि अजधजनयम, 1992 (1992 का 15) की धारा 4 की उप-धारा 1 के साथ पठित उप-धारा 4 द्वारा प्रित िजियों का प्रयोग करते हुए, केंद्र सरकार एति द्वारा भारत सरकार, जित्त मंत्रालय, आर्थिक कायि जिभाग की अजधसूचना सं. का. आ. 195 (ई) दिनांक 09.03.1992 म,ें श्रीमती िीजि गौड़ मुकिी, सजचि, कारपोरेट कायि मंत्रालय, को डॉ. मनोि गोजिल, पूिि सजचि, कारपोरेट कायि मंत्रालय, के स्ट्थान पर भारतीय प्रजतभूजत और जिजनमय बोडि के सिस्ट्य के रूप में नाजमत करत े हुए, और संिोधन करती ह।ै [फा. सं. 2/6/2020-आरई] सुरजभ िैन, संयक्ु त सजचि पाि ठटप्पणीीः मलू अजधसूचना का. आ. 195 (ई) दिनांक 9.3.1992 के माध्यम से प्रकाजित की गई थी और अजधसूचना का. आ. 761 (ई) दिनांक 7.10.1993, का. आ. 719 (ई) दिनांक 17.10.1996, का. आ. 765 (ई) दिनांक 3.9.1998, का. आ. 277 (ई) दिनांक 28.3.2000, का. आ. 88 (ई) दिनांक 31.1.2001, का.आ. 813 (ई) 5632 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] दिनांक 22.8.2001. का. आ. 827 (ई) दिनांक 27.7.2003, का. आ. 1207 (ई) दिनांक 27.10.2004, का. आ. 731 (ई) दिनांक 18.05.2006, का. आ. 2619 (ई) दिनांक 14.10.2009, का. आ. 476 (ई) दिनांक 04.03.2011, का. आ. 2030 (ई) दिनांक 23.09.2011, का. आ. 795 (ई) दिनांक 18.03.2015, का. आ. 2727 (ई) दिनांक 05.10.2015, का. आ. 3720 (ई) दिनांक 23.11.2017, का. आ. 1512 (ई) दिनांक 01.04.2019, का. आ. 1026 (ई) दिनांक 08.03.2022 और का. आ. 5770 (ई) दिनांक 09.12.2022, के माध्यम से संिोजधत की गई थी। MINISTRY OF FINANCE (Department of Economic Affairs) (FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 3rd September, 2024 S.O. 3763(E).—ln exercise of powers conferred by sub-section 4 read with sub-section 1 of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby makes further amendment in the notification of the Government of India, Ministry of Finance, Department of Economic Affairs, number S.O. 195(E) dated 09.03.1992 by nominating Ms. Deepti Gaur Mukerjee, Secretary, Ministry of Corporate Affairs as Member, Securities and Exchange Board of India, vice Dr. Manoj Govil, ex-Secretary, Ministry of Corporate Affairs. [F. No. 2/6/2020-RE] SURBHI JAIN, Jt. Secy. Foot Note: The Principal Notification was published vide S.O. 195 (E) dated 9.3.1992 and amended vide notifications S. O. 761(E) dated 7.10.1993, S. O. 719(E) dated 17.10.1996, S.O. 765 (E) dated 3.9.1998, S. O. 277 (E) dated 28.3.2000, S. O. 88 (E) dated 31.1.2001, S.O. 813(E) dated 22.8.2001.S.O. 827 (E) dated 27.7.2003, S.O. 1207 (E) dated 27.10.2004, S.O. 731 (E) dated 18.05.2006, S.O. 2619 (E) dated 14.10.2009, S.O. 476 (E) dated 04.03.2011, S.O. 2030 (E) dated 23.09.2011, S.O. 795 (E) dated 18.03.2015, S.O. 2727 (E) dated 05.10.2015, S.O. 3720 (E) dated 23.11.2017, S.O. 1512 (E) dated 01.04.2019, S. O. 1026 (E) dated 08.03.2022 and S.O. 5770 (E) dated09.12.2022 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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