Former MCA Secretary and IFSCA Chief Injeti Srinivas appointed public interest director at NSE

Former MCA Secretary and IFSCA Chief Injeti Srinivas appointed public interest director at NSE

Srinivas Injeti, former Secretary at the Ministry of Corporate Affairs (MCA) and founding Chairperson of the International Financial Services Centres Authority (IFSCA), has been appointed as a Public Interest Director at the National Stock Exchange (NSE), according to an update on the exchange’s website.

A 1983-batch IAS officer from the Odisha cadre, Srinivas brings with him over four decades of experience in corporate and financial regulation, industrial policy, insolvency and competition law, corporate governance, and public policy. His expertise spans across multiple domains, including chartered accountancy, cost accountancy, and company secretary practices.

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During his tenure in the ministry, Srinivas spearheaded several key governance reforms. He played a pivotal role in strengthening the institution of independent directors and chaired multiple high-level committees of national importance. These included the Insolvency Law Committee, the Competition Law Review Committee, the Committee on Decriminalization of the Companies Act, and the High-Level Committee on Corporate Social Responsibility.

As Chairperson of the National Pharmaceutical Pricing Authority (NPPA), Injeti is credited with widening the ambit of price controls to cover critical medicines and medical devices, helping make essential healthcare products more affordable for the public.

Srinivas is also part of the high-level committee constituted by SEBI to review the code of conflicts to review and enhance the framework for managing conflicts of interest, disclosures, and related issues of SEBI board members and officials.

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Public interest directors are like independent directors, they are appointed with the approval of SEBI. Public interest directors are expected to bring objectivity and independence of view to the board of the exchanges, clearing corporation or depositories. Also, to help provide the Governing Board with insight and effective leadership in relation to the Company's strategy, performance and risk management as well as ensuring high standards of financial probity and Corporate Governance.