The record
Written from the 1 report below. Nothing here is unsourced.
- The Appointments Committee of the Cabinet has re-appointed Kamlesh Chandra Varshney as a whole-time member of SEBI beyond September 19, 2026.
- Varshney will continue in the role until he turns 65 on August 4, 2029, or until further orders, whichever is earlier.
- The 1990-batch Indian Revenue Service officer has been a SEBI whole-time member since September 2023.
- Varshney heads SEBI departments including corporate finance, integrated surveillance and legal affairs, and passed an interim order in August against entities alleged to have manipulated the new closing auction session.
- The extension ensures continuity at SEBI as the regulator works through issues around the newly introduced closing auction session.
What to watch next
- Selection for the two SEBI whole-time member positions for which applications were invited in June.
- Further orders from the government that could affect Varshney's tenure before 2029.
- Outcome of SEBI's enforcement actions around the closing auction session, including the Copthall Mauritius and Mansi Share and Stock Broking matter.
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Named India · Amarjeet Singh · Copthall Mauritius Investment · JPMorgan · Mansi Share and Stock Broking · Securities and Exchange Board of India · Appointments Committee of the Cabinet · Department of Personnel and Training · Department of Revenue · Kamlesh Chandra Varshney
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