SEBI Chairman in August 2018

As of August 2018, the Chairman of the Securities and Exchange Board of India (SEBI) was Ajay Tyagi. He held this important position, overseeing the regulation of the Indian securities market during that period. Understanding the leadership of key regulatory bodies like SEBI is crucial for general knowledge and competitive exams.

Ajay Tyagi's Tenure as SEBI Chairman

Ajay Tyagi was appointed as the Chairman of SEBI on March 1, 2017. He succeeded U.K. Sinha. His initial term was for three years, which was later extended. His leadership was significant in implementing various reforms and regulations in the Indian financial markets.

• Appointment Date: March 1, 2017
• Predecessor: U.K. Sinha
• Role: Head of the primary regulator for the securities market in India.

Understanding SEBI (Securities and Exchange Board of India)

SEBI is a statutory regulatory body established by the Government of India in 1992. Its primary role is to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

• Establishment: April 12, 1988 (as a non-statutory body); January 30, 1992 (given statutory powers through the SEBI Act, 1992).
• Headquarters: Mumbai, Maharashtra.
• Key Functions:
  • Protecting the interests of investors in securities.
  • Promoting the development of the securities market.
  • Regulating the securities market.

Previous SEBI Chairmen Context

To provide further context related to the options given in the question, let's briefly look at some of the former SEBI Chairmen:

• U. K. Sinha: Served as SEBI Chairman from February 18, 2011, to February 28, 2017. He was the immediate predecessor to Ajay Tyagi.
• C. B. Bhave: Was the SEBI Chairman from February 19, 2008, to February 18, 2011, preceding U.K. Sinha.
• Sanjeev Kaushik: This name is not typically associated with the Chairmanship of SEBI in recent history; he has held other significant government positions.

Conclusion on SEBI Chairman

Therefore, for the period of August 2018, the individual who held the office of the Chairman of SEBI was Ajay Tyagi. This information is important for staying updated on the leadership of India's financial regulatory bodies.