DR Mehta to stay on till term ends
New Delhi: Despite growing expectations that he would lose his job as head of the country’s capital markets regulator, DR Mehta is expected to stay on as head of Securities and Exchanges Board of India till his term ends in February next year.

This reprieve comes in the wake of the finance ministry’s realisation that it is necessary to have a person who can adequately brief the Joint Parliamentary Committee (JPC) on the shares scam as the head of Sebi.

Sebi’s senior executive director in charge of investigations and surveillance LK Singhvi, whose term is to get over on May 15, is also expected to get an extension on his current tenure until the JPC probe is over.

The Sebi set-up however will see major changes by the end of the year with the tenure of most of the old hands coming to an end.
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