SC upholds U.K. Sinha's appointment

The Supreme Court has upheld U.K.Sinha’s appointment as Chairman of the SEBI saying that no procedure was violated in the appointment. The statement came as a result of a bench which was constituted based on a petition filed by Arun Kumar Agarwal to investigate the claim that the appointment violated procedure.

U.K. Sinha will continue to remain the Chairman of the SEBI. Read the Hindu news report here.