Published on Wed, Jul 15, 2009 at 10:39 | Source : CNC-TV18
Updated at Thu, Jul 16, 2009 at 10:45
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
JR Varma to head Sebi advisory committee?
The Secondary Market Advisory Committee or SMAC setup by the market regulator, SEBI is set to be revamped. Sources tell CNBC-TV18 the committee will now be headed by former Sebi board member JR Varma.
The Secondary Market Advisory Committee (SMAC) set up by the market regulator, SEBI, is set to be revamped. Sources told CNBC-TV18 the committee will now be headed by former Sebi board member JR Varma. UK Sinha, who is the Chairman of UTI Mutual Fund, is also going to be inducted in this committee.
Here is a verbatim transcript of Priyal Guliani's comments on CNBC-TV18. Also watch the accompanying video.
Sources say Sebi's SMAC that looks after developments related to the secondary market and recommends policy framework changes is all set to be revamped. Former Sebi board director JR Varma is likely to head the committee. Varma is currently the dean and a professor at IIM Ahmedabad.
UK Sinha, UTI Mutual Fund Chairman, is also going to be inducted in this committee, it is learnt. Sinha has been a part of the Ministry of Finance's policy decision at various levels. This committee is currently headed by Professor PG Apte, the former director of IIM Bangalore.
The other members of the committee are Madhu Kannan, MD and CEO of BSE; Ravi Narain MD and CEO of NSE; and Gagan Rai, MD and CEO of NSDL.
The Secondary Market Advisory Committee (SMAC) set up by the market regulator, SEBI, is set to be revamped. Sources told CNBC-TV18 the committee will now be headed by former Sebi board member JR Varma. UK Sinha, who is the Chairman of UTI Mutual Fund, is also going to be inducted in this committee.
