Corporate Affairs Secretary Tapan Ray has been appointed to the board of capital market regulator, SEBI. Ray, who took charge as Corporate Affairs Secretary in August, replaces his predecessor Anjuly Chib Duggal on the Sebi board.
SEBI: The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as
“…to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto”
The Forward Markets Commission (FMC) is the chief regulator of commodity futures markets in India. On 28 September 2015, it was merged with SEBI (Securities and Exchange Board of India ).