Reappointment of Dr. V Ravi Anshuman as Part Time Member, Securities and Exchange Board of India

## Report on Reappointment of Part-Time Member of the Securities and Exchange Board of India (SEBI) **1. Executive Summary:** This report analyzes a notification from the Ministry of Finance, Department of Economic Affairs, regarding the reappointment of Dr. V. Ravi Anshuman as a Part-Time Member of the Securities and Exchange Board of India (SEBI). The notification, published in the Gazette of India, extends his term for a further two years beyond August 20, 2022, or until further orders, whichever is earlier. This report details the basis for this reappointment and its implications. **2. Introduction:** The purpose of this report is to provide information regarding a notification published in the Gazette of India concerning the reappointment of a Part-Time Member of the Securities and Exchange Board of India (SEBI). The report is based solely on the information provided in the given text of the notification. **3. Policy Overview:** * **Amendment:** This notification represents an amendment to existing policies governing the terms and conditions of service for the Chairman and Members of SEBI. It specifically refers to rule 19A of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. * **Core Objective(s):** The core objective, as inferred from the provided text, is to ensure continuity and stability in the functioning of SEBI by reappointing a qualified individual to a key position. This maintains a steady flow of expertise and experience within the board. **4. Background and Rationale:** * **Amendment:** This notification constitutes an amendment to the term of service. The most probable reason for the amendment, based on the text, is the Central Government's assessment of Dr. Anshuman's performance and contribution as a Part-Time Member of SEBI. The decision to reappoint him suggests a positive evaluation of his service and a desire to leverage his expertise for an additional period. **5. Key Provisions / Changes:** This notification focuses solely on a specific change: * **Specific Part of Original Policy Being Changed:** The amendment directly impacts the term of service for the specific Part-Time Member, Dr. V. Ravi Anshuman, as defined under the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. * **New Rule/Provision:** The new provision is the reappointment of Dr. V. Ravi Anshuman as a Part-Time Member of SEBI for a further term of 02 years beyond August 20, 2022, or until further orders, whichever is earlier. * **Difference/Effect of Change:** This change effectively extends Dr. Anshuman's tenure, allowing him to continue contributing to SEBI's operations and decision-making processes. It also ensures the continued presence of a Part-Time Member with potentially specialized knowledge or experience. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders are: * **Dr. V. Ravi Anshuman:** As the individual directly affected by the reappointment. * **Securities and Exchange Board of India (SEBI):** The organization benefiting from the continued service of the Part-Time Member. * **Ministry of Finance (Department of Economic Affairs):** The department responsible for issuing the notification and overseeing SEBI's operations. * **Participants in the Indian securities market:** As SEBI's decisions and policies impact all market participants. * **Individuals impacted by SEBI operations:** The organization is intended to regulate activities. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Central Government, specifically the Department of Economic Affairs under the Ministry of Finance, is the responsible body for issuing the notification and implementing the change. SEBI is responsible for integrating the reappointed member into its board and operations. * **Timelines/Procedures:** The key timeline specified is the effective date of the reappointment: August 20, 2022. The reappointment is valid for two years from that date, or until further orders. The procedure involves the Central Government exercising its powers under the Securities and Exchange Board of India Act, 1992 and the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this specific amendment is to ensure: * **Continuity of Expertise:** Maintaining the knowledge and experience of Dr. Anshuman within SEBI's decision-making processes. * **Stability in Operations:** Preventing any disruption or vacuum in the functions of a Part-Time Member. * **Effective Regulation:** Potentially enhanced regulatory oversight and policy formulation due to the continued contribution of the reappointed member. **9. Conclusion:** The notification concerning the reappointment of Dr. V. Ravi Anshuman as a Part-Time Member of SEBI signifies the Central Government's decision to leverage his expertise and ensure the continuity of SEBI's operations. The reappointment, extending his term for two years or until further notice, highlights the importance of experienced personnel in the regulation of the Indian securities market. While this amendment focuses on a specific individual's tenure, it underscores the government's commitment to maintaining a competent and stable regulatory environment for the financial sector.

Key Entities Referenced