New Delhi: At a time when critical questions are being requested a couple of slew of great allegations towards Securities and Exchange Board of India Chairperson Madhabi Puri Buch, one other top-level appointment on the nation’s capital market regulator is discovered to be elevating eyebrows. Shikha Gupta, former head of taxation at Hindustan Unilever Ltd (HUL), is more likely to be appointed as Executive Director (ED) on the market regulator, sources advised Zee Business.
Several SEBI officers and workers are discovered to have opposed the selection of Gupta’s identify as an exterior candidate for the submit. « There seems to be a lot of dissatisfaction among SEBI officers and employees regarding this appointment, » in response to the sources.
Sebi employees need one of many a number of inner aspirants accessible to be thought of for the submit, the sources mentioned. Questions are additionally being raised concerning the correction between Gupta and the present Chairperson Buch, whose husband Dhaval Buch has served on the personal sector FMCG large for years.
This is just not the primary time such a scenario has arisen. In 2022, an analogous scenario was noticed when ICICI Bank’s Pramod Rao was named Executive Director on the regulator. ICICI Bank is the place Buch served the longest stint in her profession. (This story has been taken from ZeeBusiness.)
Content Source: zeenews.india.com