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of <h1>Government Appoints IDBI Chief as SEBI Chairman for Three-Year Term Under SEBI Act, 1992.</h1> The Central Government has appointed an individual, currently serving as Chairman and Managing Director of the Industrial Development Bank of India, as the Chairman of the Securities and Exchange Board of India (SEBI). This appointment, made under the authority of the Securities and Exchange Board of India's Act, 1992, and associated rules, is effective for a term of three years from the date the appointee assumes office or until further orders. The notification was issued by the Ministry of Finance, Department of Economic Affairs, on February 18, 2005.
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