In a key administrative development, the government has appointed Kompella Venkata Ramana Murty as a Whole-Time Member of the Securities and Exchange Board of India (SEBI) for a period of three years.
With this appointment, SEBI now has its full complement of four whole-time members, strengthening its regulatory capacity in overseeing India’s capital markets.
Strengthening SEBI’s Leadership
Murty joins the existing team of whole-time members:
- Amarjeet Singh
- Kamlesh Chandra Varshney
- Sandip Pradhan
The presence of a full board is expected to enhance SEBI’s decision-making efficiency and regulatory oversight.
Experienced Civil Servant
Murty is a 1991-batch officer of the Indian Defence Accounts Service (IDAS) and brings with him decades of experience in public finance and administration.
Prior to this appointment, he served as Additional Controller General of Defence Accounts under the Ministry of Defence. His extensive background in financial management and governance is likely to add value to SEBI’s functioning.
Tenure Details
According to the official notification, Murty’s appointment will be for:
- Three years from the date of assuming charge, or
- Until further orders, whichever is earlier
About SEBI:
- SEBI (Securities and Exchange Board of India) is India’s capital market regulator, responsible for protecting investors and regulating the securities market.
- Established: 1988 (non-statutory)
- Statutory status: 1992 (after SEBI Act 1992)
- Present Chairman: Tuhin Kanta Pandey.