SEBI postpones interviews for executive directors

Tarun Sharma  Moneycontrol

The Securities and Exchange Board of India (SEBI) has postponed its interview date for candidates applying for the executive director's post. The market regulator postponed the interviews only a day before the scheduled date on which they were supposed to have been held.

SEBI was going to appoint two external candidates and one internal employee as executive directors which have been lying vacant for 3-6 months. The executive directors' interviews were originally scheduled for Tuesday and Wednesday this week. Candidates who hadn't been given sufficient notice arrived for the interview in Mumbai only to be told that it was deferred.

Most of the SEBI officials want the new appointments to be put on hold since the current Chairman's tenure is coming to an end in March this year. UK Sinha's replacement, it is believed, will be choosing to form his own team as has been the norm.