Chairperson

Dr. M. S. Sahoo

Dr. M. S. Sahoo, an acclaimed thought leader in the area of securities markets and a distinguished public servant, currently serves as Chairperson of the Insolvency and Bankruptcy Board of India. He has served as a Member of the Competition Commission of India, Secretary of the Institute of Company Secretaries of India, Whole Time Member of the Securities and Exchange Board of India, Economic Adviser with the National Stock Exchange of India and held senior positions in Government of India as a Member of Indian Economic Service. He also had a brief, but eventful legal practice.

Dr. Sahoo has substantially influenced reforms in India securities markets over the last two decades. He has conceptualized, designed and steered major reforms such as dematerialisation of securities (1995), architecture of regulator and regulatory tribunal (1995), trading of derivatives (1999), on-line examination for market professionals (2000), setting up National Institute of Securities Markets (2004), resolution of litigations relating to brokers' fee (2004), demutualization of stock exchanges (2005), trading of currency derivatives (2008), and the rule of law in securities markets. He is credited with a few landmark orders, including disgorgement, and settlement of securities market infractions, and significantly contributed to development of securities jurisprudence.

Dr. Sahoo has conceptualized, designed, authored and edited several publications relating to securities markets and corporate sector, including Indian Securities Market-A Review, NSE Research Initiative, Stock Exchange Factbook, SEBI Bulletin, and edited a professional journal, Chartered Secretary. He has delivered talks at various national and international fora and written over 100 articles. He has promoted extensive use of technology in education and examinations in company secretary course and NSE’s Certification in Financial Markets (NCFM).

Dr. Sahoo has been a Member / Chairman of several committees set up by Ministry of Finance, SEBI, RBI, IRDAI, and WDRA. These include Chairman of the Committees (Sahoo Committee I, II and III) on Depository Receipts, Domestic and Overseas Capital Markets, and External Commercial Borrowing. He has assisted in development and refinement of the Indian Financial Code (IFC) recommended by the Financial Sector Legislative Reforms Commission (FSLRC). He has served on Boards of a few organisations, including Oriental Bank of Commerce, Management Development Institute, National Institute of Securities Markets, SEBI and CCI. Dr. Sahoo has post-graduation degrees in Economics, Law, Management and Company Secretaryship.

The Governing Board

Sl. No. Position Name and Designation
1. Chairperson Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India
2. Member Sh. Ajay Tyagi, Additional Secretary, Department of Economic Affairs, Ministry of Finance
3. Member Sh. Amardeep Singh Bhatia, Joint Secretary, Ministry of Corporate Affairs
4. Member Sh. G. S. Yadav, Joint Secretary and Legal Adviser, Department of Legal Affairs, Ministry of Law
5. Member Sh. A Unnikrishnan, Legal Adviser, Reserve Bank of India