U K Sinha's tenure: Many hits, some misses

The second-longest serving chairman introduced quite a few measures for the primary market

UK Sinha’s six-year term as chairman of the Securities and Exchange Board of India (Sebi), the second longest after that of DR Mehta, ends in two weeks, bringing down the curtains on a tenure during which the 1976-batch Indian Administrative Services officer from the Bihar cadre administered many significant changes in the securities market. 

Some of Sinha’s big measures since he took charge on February 18, 2011, are implementing the minimum public shareholding norms for private and government entities; introducing the new corporate governance framework derived from the Companies Act, 2013; implementing Takeover Code regulations to increase the open offer trigger