Who among the following was appointed as a whole-time member of marked regulator Securities and Exchange Board of India (SEBI) on 7 November 2017?
Sanjeev Kaushik
SEBI Whole-Time Member Appointment in 2017
The question asks about the appointment of a whole-time member to the Securities and Exchange Board of India (SEBI) on a specific date, November 7, 2017.
SEBI is the regulatory body for the securities market in India. Its primary role is to protect the interests of investors in securities and to promote and regulate the development of the securities market. SEBI is headed by a Chairman and consists of several whole-time members and part-time members who are appointed by the Central Government.
Whole-time members are key functionaries within SEBI, responsible for various aspects of market regulation and administration. Their appointments are significant events in the financial regulatory landscape.
Identifying the Correct SEBI Appointment
Based on official announcements and records from that period, the individual appointed as a whole-time member of SEBI on November 7, 2017, was Sanjeev Kaushik. This appointment was made by the Appointments Committee of the Cabinet (ACC).
Examining the Options
- Neelam Damodaran: This name is not associated with the specific SEBI whole-time member appointment on November 7, 2017.
- Sanjeev Kaushik: Records confirm that Sanjeev Kaushik was indeed appointed as a whole-time member of SEBI on November 7, 2017.
- U.K. Sinha: U.K. Sinha served as the Chairman of SEBI for a significant period, but his tenure ended before November 2017. He was not appointed as a whole-time member on this date.
- V. Ramakrishnan: This name is not associated with the specific SEBI whole-time member appointment on November 7, 2017.
Therefore, the correct person appointed as a whole-time member of SEBI on November 7, 2017, was Sanjeev Kaushik.
Revision Table: Key Information on SEBI
| Aspect | Description |
|---|---|
| Establishment | Established on April 12, 1988, as a non-statutory body. Given statutory powers on January 30, 1992, through the SEBI Act, 1992. |
| Headquarters | Mumbai, India |
| Purpose | To protect the interests of investors in securities and to promote the development of, and to regulate, the securities market. |
| Composition | Chairman, Whole-Time Members, Part-Time Members appointed by the Government of India. |
Additional Information: Role of Whole-Time Members at SEBI
Whole-Time Members (WTMs) at SEBI hold significant authority and are involved in the decision-making processes of the regulator. They head various departments and portfolios within SEBI, overseeing crucial functions such as:
- Market Regulation
- Corporate Finance
- Enforcement
- Investment Management
- Surveillance
Decisions related to policy-making, enforcement actions, and approval of regulations often pass through or are taken by the whole-time members, under the overall guidance of the Chairman and the SEBI board. Their roles are vital for ensuring the smooth and fair functioning of the Indian securities market.
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