Description
Announcement of Shri Sanjay Chandrakant Purao's appointment as Executive Director at SEBI, handling Corporation Finance Investigation, Recovery and Refund, and Internal Investigation departments.
Summary
Shri Sanjay Chandrakant Purao has been appointed as Executive Director at SEBI, taking charge of three key departments: Corporation Finance Investigation Department, Recovery and Refund Department, and Internal Investigation Department.
Key Points
- Promoted from Chief General Manager position after 29 years of service with SEBI (joined 1996)
- Will oversee Corporation Finance Investigation, Recovery and Refund, and Internal Investigation departments
- Previously served in multiple departments including Integrated Surveillance, Market Regulation, Investment Management, and Corporation Finance
- Has headed SEBI’s Hyderabad office and participated in domestic and international regulatory committees
- Holds Engineering Degree and Post Graduate Masters in Management Studies from University of Mumbai
Regulatory Changes
No specific regulatory changes announced - this is an organizational appointment.
Compliance Requirements
No new compliance requirements specified in this announcement.
Important Dates
- August 22, 2025: Date Shri Purao took charge as Executive Director
Impact Assessment
This appointment strengthens SEBI’s leadership structure in critical investigation and recovery functions. Given his extensive experience across multiple SEBI departments since 1996, this provides continuity and expertise in regulatory oversight, particularly in corporation finance investigations and recovery operations.
Impact Justification
Leadership appointment affects regulatory oversight capabilities but no immediate market impact