Search on for Sebi chief
Mumbai: The search for a new chairman of the Securities and Exchange Board of India (Sebi) has come to a naught. A search committee, set up by the finance ministry, has not been able to identify a suitable candidate to take over the Sebi chairmans post.

The present Sebi chairman Devendra Raj Mehta is slated to step down in February 2002.

The search for the Calcutta Stock Exchange president is also on and nobody has been identified for this job as well.

The finance ministry wants to complete the process well before the end of February when Mehtas term comes to an end.

D R Mehta, a former RBI deputy governor and a Rajasthan cadre IAS officer, got a two-year extension in February 2000. Before his stint in the RBI, he had worked as controller of capital issues in the finance ministry in the early 1980s and as director general of foreign trade in the commerce ministry. He took over Sebi in 1995-96.
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