Shri Injeti Srinivas appointed as Part Time Member of the Securities and Exchange Board of India (SEBI).
Dated 15th December, 2017 | Copy of | Finance Notification Sl.137 In exercise of powers conferred by Sub-Section 3 read with Clause (b), Sub-section (1) of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby appoints Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs as Part Time Member of the Securities and Exchange Board of India (SEBI) vice Shri Tapan Ray, former Secretary, Ministry of Corporate Affairs with immediate effect and until further orders. Sd/(Praveen Garg) Jt. Secy. S.O.3720(E) F.No.2/23/2006-RE Issued by: Ministry of Finance (Department of Economic Affairs) (Financial Markets Division) New Delhi Foot Note:- The Principal notification was published vide S.O.195(E) dated 9.3.1992 and amended vide notifications S.O.761(E) dated 7.10.1993, S.O.719(E) dated 17.10.1996, ...
RBI-SEBI initiative of debt to equity conversion not enough
The Dollar Business Bureau The co-ordinated efforts of the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to ease the process of conversion of debt into equity is unlikely to significantly benefit lenders as well as corporate borrowers for most of the current set of large corporate borrowers which, are already in distress or are close to distress, said a rating & research company report on March 25, 2015. However, the report welcomed the new joint initiative by the RBI and SEBI, as it would enhance the ability of the banks to convert debt into equity which, will provide another tool in the hand of lenders to fight non-performing assets (NPA), when in ...
