SEBI Chairman Ajay Tyagi's term extended for a second time till February 2020

The government has extended the term of Ajay Tyagi as the Chairman of the Securities and Exchange Board of India (SEBI) by 18 months till February 2022.

Tyagi's term was due to end on August 31, after his tenure was extended by six months in February.

"The Appointments Committee of the Cabinet has approved the extension of term of appointment of Ajay Tyagi, as Chairman, Securities & Exchange Board of India for a further period of 18 months w.e.f 01.09.2020 upto 28.02.2022 of until further orders, whichever is earlier," said a notification from the Department of Personnel & Training on Wednesday.

Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, took charge as the chief of the market regulator in 2017.

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