Sebi under chairman U.K. Sinha was not shy of probing allegations against large business houses, some of them politically connected, when it came to corporate governance
U.K. Sinha’s six-year term (with two extensions) as head of the Securities and Exchange Board of India (Sebi) ends on Wednesday. His three predecessors—C.B. Bhave, M. Damodaran and G.N. Bajpai— had a three-year term each. In Sebi’s 25-year history, only one chairman had a longer tenure than Sinha—D.R. Mehta, for seven years.