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Wednesday, Feb 20, 2002

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Bajpai is new SEBI chief

Our Bureau

NEW DELHI, Feb. 19

THE Chairman of the Life Insurance Corporation of India (LIC), Mr G.N. Bajpai, is the new Chairman of the capital markets regulator - the Securities and Exchange Board of India (SEBI).

Mr Bajpai's selection was approved by the Appointments Committee of the Cabinet (ACC) here on Tuesday. He will have a three-year term as SEBI Chairman, consistent with the SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992.

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