Government has appointed Kompella Venkata Ramana Murthy as a Whole-Time Member of the Securities and Exchange Board of India

¨   Government has appointed Kompella Venkata Ramana Murthy as a Whole-Time Member of the Securities and Exchange Board of India (SEBI).

¨     His tenure will last for three years or until further orders are issued.

¨     With his induction, SEBI now has a full set of four Whole-Time Members.

¨  The other Whole-Time Members include Amarjeet Singh, Kamlesh Chandra Varshney, and Sandip Pradhan.

¨     Murthy is a retired officer of the 1991 batch of the Indian Defence Accounts Service.

¨     Previously, he served as the Additional Controller General of Defence Accounts under the Ministry of Defence.

¨     SEBI was formed as a non-statutory body on April 12, 1988. It was set up through a resolution of the Government of India.

¨     It was set up as a statutory body in 1992. Tuhin Kanta Pandey is its current Chairperson.