10 hrs ago
Varshney Reappointed as SEBI Whole-Time Member Through 2029
Kamlesh Chandra Varshney will continue working as a senior member of India’s market regulator, SEBI.
The government approved his reappointment.
His current term was expected to end on September 19, 2026.
He can now remain in the role until August 4, 2029, unless the government changes the order earlier.
Varshney joined SEBI as a whole-time member in September 2023.
He previously worked on tax policy for the Government of India.
His continued service is considered useful while SEBI deals with questions about a new closing auction session.
He has also taken enforcement action over alleged manipulation of that session.
The Appointments Committee of the Cabinet approved Kamlesh Chandra Varshney’s reappointment as a SEBI whole-time member.
Varshney will serve beyond September 19, 2026, until August 4, 2029, or until further orders, whichever comes first.
The 1990-batch Indian Revenue Service officer became a SEBI whole-time member in September 2023.
The extension comes as SEBI addresses issues involving the newly introduced closing auction session.
Varshney has overseen enforcement and departments including surveillance, corporate finance and legal affairs.
- Who
- Kamlesh Chandra Varshney, a whole-time member of the Securities and Exchange Board of India.
- What
- He was reappointed as a SEBI whole-time member beyond September 19, 2026.
- Where
- At the Securities and Exchange Board of India in India.
- When
- The approval was issued in an order dated September 15, 2026; Varshney may serve until August 4, 2029, or until further orders.
- Why
- The government cited the importance of continuity as SEBI works through issues involving the closing auction session.
Key facts
- Official approval
- The Appointments Committee of the Cabinet approved the reappointment.
- Current term extension
- Varshney will continue beyond September 19, 2026.
- Maximum end date
- August 4, 2029, when Varshney reaches age 65.
- SEBI appointment
- He took charge as a whole-time member in September 2023.
- Previous role
- He was joint secretary for tax policy and legislation in the Department of Revenue.
- Recent enforcement
- In August, he passed an interim order involving Copthall Mauritius Investment, a JPMorgan entity, and Mansi Share and Stock Broking over alleged closing-auction-session manipulation.
Sources
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