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SEBI Restructures Advisory Panels

Published on December 01, 2022
Current Context: The Securities and Exchange Board of India (SEBI) restructured its advisory committees regarding Foreign Portfolio Investors (FPIs) and Social Stock Exchange.
SEBI Restructures Advisory Panels
  • The former Finance Secretary, Hasmukh Adhia, was chosen as the head of the 16-member FPI Advisory Committee that was earlier chaired by K V Subramanian.
  • The Managing Director of GIC, Chew Hai Jong, and the Managing Director (Direct Custody and Clearing) of JP Morgan, Michael Drumgoole were inducted into the FPI Advisory Committee.
  • The Chairperson of GRAAM, R Balasubramaniam, was chosen as the head of the 18-member Social Stock Exchange Committee that was earlier chaired by Ishaat Hussain.
  • The CEO of SFIS, Anil Kumar SG; the Global Head (Sustainability) of HCL Tech, Santosh Jayaraman; the CEO of GuideStar India, Pushpa Aman Singh; and the MD at BIL Ryerson Technology Startup Incubator Foundation, Hemant Gupta were inducted into the Social Stock Exchange Committee.
  • SEBI is a Government of India-owned regulatory body that was established in 1992 with its headquarters in Mumbai. The current Chairperson of the body is Madhabi Puri Buch.


Q.1 Who among the following was appointed as the head of the FPI Advisory Committee by SEBI?
a. Hasmukh Adhia
b. Chew Hai Jong
c. R Balasubramaniam
d. Hemant Gupta

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