Tuhin Kanta Pandey appointed as new SEBI chief for three-year time period: Who’s he?

SEBI chief: Finance Secretary Tuhin Kanta Pandey has been appointed as the subsequent chairman of the Securities and Trade Board of India (SEBI) for a time period of three years. He’ll change Madhabi Puri Buch because the SEBI chief. Pandey’s appointment, accepted by Prime Minister Narendra Modi-led authorities, is predicted to form key monetary and regulatory insurance policies within the coming years.

“The Appointments Committee of the Cupboard has accepted the appointment of Shri Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Division of Income to the put up of Chaiman, Securities and Trade Board of India (SEBI), initially for a interval of three years from the date of assumption of cost of the put up or till additional orders, whichever is earlier,” the federal government order said.

Madhabi Puri Buch’s tenure to finish on March 1

As Madhabi Puri Buch’s tenure as SEBI Chairperson ends on March 1, the federal government had invited purposes for the place in January, setting February 17, 2025, as the applying deadline. Buch, who assumed workplace on March 2, 2022, made historical past as the primary lady to steer SEBI, serving a three-year time period. She succeeded Ajay Tyagi, who held the function for 5 years (March 2017–February 2022), following UK Sinha’s six-year tenure. This marked back-to-back prolonged management phrases at SEBI earlier than Buch’s appointment.

Tuhin Kanta Pandey: From Finance Secretary to SEBI Chief

Tuhin Kanta Pandey has held a number of key positions within the Indian paperwork earlier than taking cost as India’s Finance Secretary in September 2024. In January 2025, Pandey was appointed as Secretary of the Division of Income within the Ministry of Finance. Previous to this, he performed pivotal roles within the Division of Funding & Public Asset Administration (DIPAM), the Division of Public Enterprises (DPE), and the Division of Personnel and Coaching. Notably, each DIPAM and DPE operate beneath the Ministry of Finance, highlighting his intensive expertise in monetary governance and financial policy-making.

Tenure for SEBI Chairman

As per the commercial, the appointment for SEBI Chairperson will probably be made for a most interval of 5 years from the date of assumption of cost or until attaining the age of 65 years of the appointee, whichever is earlier. 

Wage construction for SEBI Chairman

The Chairman of the Securities and Trade Board of India (SEBI) has two choices for receiving their remuneration:

Equal to a Secretary to the Authorities of India: The pay and allowances will align with these admissible to a authorities secretary.

Consolidated wage possibility: A set month-to-month wage of Rs 5,62,500, excluding further perks akin to a government-provided home and automotive.

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