Chandrasekhar Bhaskar Bhave
Encyclopedia
Chandrasekhar Bhaskar Bhave is an Indian financial regulator. He was appointed as chairman of the Securities and Exchange Board of India
(SEBI) in February 2008 for a period of three years.He is currently replaced by Upendra Kumar Sinha as the chairman of SEBI after his tenure. He was SEBI's senior executive director from 1992 - 1996. After that he became Chairman and Managing Director of the then newly created National Securities Depository Limited
(NSDL). He is also member of the governments techonology advisory group, TAGUP
.
, Maharashtra
. He is an electrical engineer and 1975 batch IAS officer.
When G. V. Ramakrishna became chairman of SEBI, he invited Bhave to join SEBI. This gave a highly successful first stint at SEBI, which ushered in the revolution of the Indian equity market.
Bhave had irreconcilable differences with D. R. Mehta, the SEBI Chairman, and strong views about the direction of reforms of the equity market. He left SEBI to lead what was then a startup, the National Securities Depository Ltd. (NSDL). NSDL had been incubated inside NSE but for all practical purposes, it was a startup when Bhave took over. This was also a highly successful period, where India made the transition into dematerialised settlement at the depository.
After this, Bhave came back to SEBI as chairman for three years.
Securities and Exchange Board of India
The Securities and Exchange Board of India is the regulator for the securities market in India.-History:It was formed officially by the Government of India in 1992 with SEBI Act 1992 being passed by the Indian Parliament...
(SEBI) in February 2008 for a period of three years.He is currently replaced by Upendra Kumar Sinha as the chairman of SEBI after his tenure. He was SEBI's senior executive director from 1992 - 1996. After that he became Chairman and Managing Director of the then newly created National Securities Depository Limited
National Securities Depository Limited
National Securities Depository Limited , is the first central securities depository in India based in Mumbai. It is promoted by institutions of national stature responsible for the economic development of India and has established a national infrastructure of international standards that handles...
(NSDL). He is also member of the governments techonology advisory group, TAGUP
TAGUP
TAGUP or Technology Advisory Group for Unique Projects is a government of India advisory group to look into technology part of 5 large financial sector projects...
.
Early life
C. B. Bhave was born in NagpurNagpur
Nāgpur is a city and winter capital of the state of Maharashtra, the largest city in central India and third largest city in Maharashtra after Mumbai and Pune...
, Maharashtra
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
. He is an electrical engineer and 1975 batch IAS officer.
Career
C. B. Bhave started out as an IAS officer in Maharashtra. He was additional Industries Commissioner of Maharasthra for three years. He moved up to the Centre with a position as undersecretary in the Ministry of Finance and deputy secretary in the Ministry of Petroleum.When G. V. Ramakrishna became chairman of SEBI, he invited Bhave to join SEBI. This gave a highly successful first stint at SEBI, which ushered in the revolution of the Indian equity market.
Bhave had irreconcilable differences with D. R. Mehta, the SEBI Chairman, and strong views about the direction of reforms of the equity market. He left SEBI to lead what was then a startup, the National Securities Depository Ltd. (NSDL). NSDL had been incubated inside NSE but for all practical purposes, it was a startup when Bhave took over. This was also a highly successful period, where India made the transition into dematerialised settlement at the depository.
After this, Bhave came back to SEBI as chairman for three years.