The government has invited applications for the post of Chairperson of the Securities and Exchange Board of India (SEBI). The deadline for submitting applications is February 17, 2025. The announcement comes ahead of the conclusion of the current chairperson Madhabi Puri Buch’s tenure on February 28, 2025. Buch assumed the role of SEBI chairperson on March 2, 2022, with a three-year term.
She was the first woman to lead the regulatory body and succeeded Ajay Tyagi, who served as SEBI Chairman for five years, from March 2017 to February 2022.
Before Tyagi, UK Sinha held the position for six years, marking two consecutive extended tenures in SEBI’s leadership.
While Buch’s tenure has been marked by significant regulatory actions and reforms, it has also faced challenges. A parliamentary committee questioned her leadership over the NSE co-location scam. Additionally, allegations by Hindenburg Research added to the scrutiny.
Despite these issues, the government decided she would complete her term.
Before joining SEBI as a whole-time member in April 2017, Buch held leadership roles at ICICI Bank from 1997 to 2009 and served as the CEO of ICICI Securities from 2009 to 2011. Her five-year tenure as a whole-time SEBI member paved the way for her appointment as chairperson.
The SEBI chairperson is typically appointed for a three-year term, although extensions have been granted in the past. The selection process is expected to consider candidates with expertise in finance, markets, and regulation.

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