Tuhin Kanta Pandey appointed 11th Chief of SEBI
Appointment
5 min read
The Appointment Committee of the Union Cabinet has approved the appointment of Tuhin Kanta Pandey as the 11th Chairman of the Securities and Exchange Board of India (SEBI). Tuhin Kanta Pandey, currently the Finance and Revenue Secretary in the Union Ministry of Finance, will succeed Madhabi Puri Buch as the Chairman of SEBI.
Madhab Puri Buch, the first woman appointed as the Chairman of SEBI, whose term ends on 28 February 2025.
Madhabi Puri Buch assumed the office of the SEBI Chairman on 1st March 2022 for a three-year term.
The Cabinet's Appointment Committee meeting chaired by Prime Minister Narendra Modi and attended by Union Minister for Home Affairs and Minister for Cooperation, Amit Shah was held in New Delhi on 27 February 2025.
Term of Tuhin Kanta Pandey
Tuhin Kanta has been appointed for three years from the date he assumes his office.
Legal provision
According to the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules) 1992 the :
- Maximum term of the Chairman and the whole-time member of SEBI shall not be more than 5 years;
- No person shall hold the office after attaining the age of sixty-five years;
- The government will specify the tenure of the Chairman or the whole-time member while appointing them;
- The Chairman and the whole time members are eligible for reappointment.
About Tuhin Kanta Pandey
The 1987 Odisha cadre IAS officer Tuhin Kanta Pandey is the longest serving DIPAM (Department of Investment and Public Asset Management) Secretary in the Union Ministry of Finance. During his tenure, Air India and Neelanchal Ispat Nigam Ltd were privatised.
He was appointed Revenue Secretary and assumed the charge on 9th January 2025. He was designated as the Finance Secretary of India.
Tuhin Kanta Pandey had done his Master's in Economics from Punjab University and MBA from the United Kingdom.
During his distinguished career, he has held several important posts including in the Regional Office of the United Nations Industrial Development Organisation (UNIDO).
About SEBI
Securities and Exchange Board of India (SEBI) was set up by an order of the government of India on 12 April 1988.
It was made a statutory body in 1992, under the provisions of the Securities and Exchange Board of India Act, 1992, that came into force on January 30, 1992.
SEBI is the regulator of the Capital market and the Commodities market in india
Headquarters: Mumbai
List of the Chairman of SEBI
Following is the list of the Chairmen of the SEBI and their tenures.
|
Serial Number |
Chairman |
Tenure |
|
1 |
S A Dave |
12 April 1988 to 23 August 1990 |
|
2 |
G. V. Ramakrishna |
24 August 1990 to 17 January 1994 |
|
3 |
S. S. Nadkarni |
17 January 1994 to 31 January 1995 |
|
4 |
D. R. Mehta |
21 February 1995 to 20 February 2002 |
|
5 |
G. N. Bajpai |
20 February 2002 to 18 February 2005 |
|
6 |
M. Damodaran |
18 February 2005 to 18 February 2008 |
|
7 |
C. B. Bhave |
19 February 2008 to 17 February 2011 |
|
8 |
U. K. Sinha |
18 February 2011 to 1 March 2017 |
|
9 |
Ajay Tyagi |
1 March 2017 to 28 February 2022 |
|
10 |
Madhabi Puri Buch |
1 March 2022-28 February 2025 |
|
11 |
Tuhin Kanta Pandey |
1 March 2025- |
