(THE NEWSMAN OF INDIA.COM) The government is on the verge of selecting the next Chairperson of the Securities and Exchange Board of India (SEBI), with an official announcement expected soon. As Madhabi Puri Buch’s tenure concludes on March 1st, the Appointments Committee of the Cabinet is likely to finalize the decision in the coming days.

As per the reports, the prominent candidates have emerged as frontrunners for the coveted role: Pankaj Jain,Tuhin Kanta Pandey, Ashwani Bhatia, KC Varshney, Ajay Seth.

Traditionally, the SEBI chairperson serves a three-year term, though extensions have been granted in some instances. Given the critical role SEBI plays in regulating India’s capital markets, the selection of its next chief is being closely watched by investors and industry stakeholders alike.