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SEBI’s Tyagi gets 18-month extension

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Ajay Tyagi was on Wednesday given an 18-month extension, until February 2022, because the chairman of markets regulator SEBI, based on a Personnel Ministry order.

This is the second extension given to Mr. Tyagi. It comes at a time when the economic system and capital markets are gazing uncertainties as a result of coronavirus pandemic.

The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has authorized extension of Mr. Tyagi’s time period for 18 months, with impact from September 1, 2020, the order mentioned.

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