The government has extended U.K. Sinha’s tenure as chairman of the Securities and Exchange Board of India (Sebi) until 1 March 2017 “or until further orders, whichever is earlier”. The decision came two days before Sinha finished a five-year tenure at the capital market regulator.
An earlier announcement would have helped this important institution maintain momentum in its policy- and decision-making process. Nevertheless, the extension means that Sinha has another year to leave Sebi in far greater shape than it was in when he took the helm.