The government is in the process of selecting the candidate to take over as the next chairman of the Securities and Exchange Board of India (Sebi) from Ajay Tyagi, whose term ends on August 31, CNBC-TV18 has reported.
MS Sahoo, Chairperson of the Insolvency and Bankruptcy Board of India, is reportedly one of the shortlisted candidates.
Tyagi, who was given a six-month extension in February, may be asked to stay on longer, sources said.
Moneycontrol could not independently verify the report.
The candidates will be interviewed by a search panel headed by the cabinet secretary. The panel can also consider candidates who have not applied for the position, the report added.
According to the report, the search panel will also interview candidates for the role of deputy governor of the Reserve Bank of India.
The government is also looking to appoint a new Comptroller and Auditor General. The term of Rajiv Mehrishi ends August 7.
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