Tapan Ray appointed to Board of Securities and Exchange Board of India

Corporate Affairs Secretary Tapan Ray has been appointed to the Board of capital market regulator Securities and Exchange Board of India (SEBI). Ray succeeded Anjuly Chib Duggal on the SEBI board.  Ray took charge as a Secretary in Union Corporate Affairs Ministry in August 2015. A Gujarat cadre IAS officer, Ray has served in various capacities in Gujarat between 1984 and 1994. He has also handled other assignments at the Centre in Power, Science and Technology, Textiles and Defence Ministries.

Ray has done his post graduation in Public Policy and International Affairs and holds diplomas in German language, international law and international business.

Securities and Exchange Board of India (SEBI)
  • The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
  • It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.
  • SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai.
  • The Commodity regulator, the Forward Markets Commission was merged with SEBI on September 2015.
GK Question

Who is the present Chairman of SEBI?

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Answer – UK Sinha