Santosh K Mohanty tenure as Whole-Time Member of SEBI extended for two years

Santosh K Mohanty’s tenure as Whole-Time Member of SEBI extended for two years beyond 24.06.2021 upto 24.06.2023

MINISTRY OF FINANCE
(Department of Economic Affairs)
(FINANCIAL MARKET DIVISION)

NOTIFICATION

New Delhi, the 17th June, 2021

S.O. 2403(E).—In exercise of the powers conferred by Sub-Section (1)(d) and Sub-Section (4) of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), read with Rule 3 of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992, the Central Government hereby extends the tenure of appointment of Shri Santosh Kumar Mohanty as Whole-Time Member of the Securities and Exchange Board of India for a period of two years beyond 24.06.2021 i.e. upto 24.06.2023 or until further orders, whichever is earlier.

[F. No. 2/1/2021-RE]

ANAND MOHAN BAJAJ, Addl. Secy.

• Related party transaction u/s 40A(2) shall be treated as bona fide, unless evading tax
• ‘Transfer of property’ not include ‘acquiring’ of property or ‘purchasing’ of property – ITAT
• AO was not justified in questioning cash withdrawals from bank account – ITAT
• Return/Balance sheet filed within limitation extended by SC to be considered within time
• Satisfaction Note u/s 153C – term immediate cannot be extended to unreasonable delay