Kamlesh Varshney, Amarjeet Singh appointed SEBI whole-time members: Kamlesh Varshney and Amarjeet Singh have been appointed as SEBI Whole-Time Members by the Cabinet Appointments Committee (ACC). While Varshney, a 1990-batch officer of the Indian Revenue Service, is a joint secretary at the revenue department in the Finance Ministry, Singh is an executive director at the Securities and Exchange Board of India (SEBI).
Daily Current Affairs Quiz: August 2023
According to an order issued by the ACC Secretariat, both Varshney and Singh have been appointed for three years from the date of assumption of charge or until further orders, whichever is earlier. At SEBI, Varshney and Singh will fill in the vacancies created by the retirement of S K Mohanty and Ananta Barua.
All about the Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India (SEBI) is the regulator of the securities market in India. It was established in 1992 by the Government of India to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.
SEBI has a wide range of powers and functions, including:
- Registering and regulating stock exchanges
- Regulating the activities of brokers, sub-brokers, and other intermediaries
- Monitoring the securities market for any irregularities or malpractices
- Taking action against those who violate the securities laws
- Educating investors about the securities market
SEBI is a statutory body and its headquarters are in Mumbai, Maharashtra. It has regional offices in all major Indian cities. SEBI has played an important role in the growth of the Indian securities market. It has helped to create a more transparent and orderly market, and has protected the interests of investors.
Here are some of the key achievements of SEBI:
- Increased investor awareness about the securities market
- Brought down the number of fraudulent and manipulative activities in the market
- Improved the corporate governance practices of listed companies
- Promoted the development of new products and services in the securities market
SEBI is committed to making the Indian securities market one of the most vibrant and efficient in the world. It is working towards this goal by continuously reviewing and updating the securities laws, and by taking action against those who violate the law.