At a time when critical questions are being requested a few slew of significant allegations in opposition to Securities and Alternate Board of India Chairperson Madhabi Puri Buch, one other top-level appointment on the nation’s capital market regulator is realized to be elevating eyebrows. Shikha Gupta, former head of taxation at Hindustan Unilever Ltd (HUL), is more likely to be appointed as Government Director (ED) on the market regulator, sources advised Zee Enterprise.
A number of SEBI officers and staff are realized to have opposed the selection of Gupta’s identify as an exterior candidate for the put up.
“There appears to be a number of dissatisfaction amongst SEBI officers and staff relating to this appointment,” in accordance with the sources.
Sebi employees need one of many a number of inner aspirants obtainable to be thought-about for the put up, 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 isn’t the primary time such a scenario has arisen.
In 2022, an analogous scenario was noticed when ICICI Financial institution’s Pramod Rao was named Government Director on the regulator. ICICI Financial institution is the place Buch served the longest stint in her profession.
