The incumbent chief of Securities and Exchange Board of India (Sebi) on Thursday assumed office for one more year.
“On his reappointment as chairman, Sebi, U.K. Sinha has assumed the charge today, February 18, 2016,” said Sebi in a press statement.
The government on Monday had extended U.K. Sinha’s tenure as chairman of the market watchdog for a year, opting for continuity at a time of domestic and global market volatility.
The appointments committee of the cabinet approved extension for Sinha from 18 February 2016 to 1 March 2017 “or until further orders, whichever is earlier,” the government said in a press release.
