Nomination of Shri Anand Mohan Bajaj, Additional Secretary, DEA, on Securities and Exchange Board of India

## Report on Amendment to Notification S.O. 147(E) of 1992 Regarding the Securities and Exchange Board of India Act, 1992 **1. Executive Summary:** This report analyzes a notification issued by the Ministry of Finance, Department of Economic Affairs, dated June 11, 2021. This notification, S.O. 2289(E), amends the original notification S.O. 147(E) of 1992 related to the Securities and Exchange Board of India (SEBI) Act, 1992. The core purpose of this amendment, as inferred from the text, is to update the membership/leadership within the Department of Economic Affairs related to SEBI. The key finding is that this amendment substitutes one individual with another (Anand Mohan Bajaj) in a specific role within the Department related to SEBI. **2. Introduction:** This report aims to provide a comprehensive overview of the notification S.O. 2289(E) issued on June 11, 2021, by the Ministry of Finance, Department of Economic Affairs. The notification pertains to an amendment to the original notification S.O. 147(E) dated February 21, 1992, concerning the Securities and Exchange Board of India (SEBI) Act, 1992. The analysis is based solely on the information provided within the given text. **3. Policy Overview:** * **Original Policy:** The amendment refers to the original notification S.O. 147(E) dated February 21, 1992, concerning the Securities and Exchange Board of India (SEBI) Act, 1992. * **Core Objective(s):** The core objective of the *amendment* (inferred from the text) is to update the details of a specific role/member within the Department of Economic Affairs related to the execution of powers conferred by the SEBI Act. The original policy likely pertains to the framework and regulations governing SEBI's operations. **4. Background and Rationale:** The amendment likely addresses the need to update the designated personnel responsible for executing certain functions related to the SEBI Act. This is a common administrative update reflecting changes in personnel within the Ministry of Finance, specifically the Department of Economic Affairs. The amendment ensures that the notification accurately reflects the current officeholder. **5. Key Provisions / Changes:** This is an amendment notification. The specific changes introduced are as follows: * **Part of Original Policy Changed:** The notification amends "serial number 2 and the entries relating thereto" in the original S.O. 147(E) notification. * **New Rule/Provision:** The new entry substitutes the previous entry at serial number 2 with the following: "Anand Mohan Bajaj, Member Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India." * **Difference/Effect of Change:** The amendment replaces the previously designated individual/role with Anand Mohan Bajaj, who now holds the position of Member Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India. This effectively updates the official record to reflect the current person responsible for the functions associated with this role. **6. Target Audience and Stakeholders:** The primary audience directly affected by this amendment is likely internal to the Ministry of Finance, Department of Economic Affairs, and SEBI. However, indirectly, stakeholders within the financial markets and those regulated by SEBI are affected, as this amendment ensures the proper assignment of responsibilities within the regulatory framework. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Finance, Department of Economic Affairs, is the responsible body for implementing this change. * **Timelines/Procedures:** No specific timelines or procedures are mentioned in the text, but the implication is that this amendment is effective immediately upon publication. The implementation involves updating the official records and ensuring that Anand Mohan Bajaj is recognized as the designated individual for the responsibilities associated with this role. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this amendment is to ensure the smooth functioning of the Department of Economic Affairs related to the SEBI Act by formally recognizing the new officeholder, Anand Mohan Bajaj. The amendment itself ensures clarity and accountability within the administrative structure. The potential impact is primarily administrative, ensuring continued and proper execution of SEBI-related functions. **9. Conclusion:** The notification S.O. 2289(E) represents an administrative update to the original notification S.O. 147(E) of 1992 concerning the SEBI Act, 1992. It formally designates Anand Mohan Bajaj as the Member Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, for matters related to SEBI. This amendment, while seemingly minor, is significant as it maintains the accuracy and effectiveness of the regulatory framework governing the securities market in India.

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