Sinha will take over on February 17 next year when incumbent C B Bhave's term ends.
Bhave took charge as Sebi chairman on February 18, 2008 on a three-year term. However, the terms of chairman and whole-time directors at Sebi have been increased to five years since then. Similarly, the terms of RBI and insurance watchdog IRDA's chiefs have also been increased to five years.
Sinha, a former IAS officer of Bihar cadre (1976 batch), had lost out in the race the last time when the Prime Minister's Office preferred Bhave over him.
According
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