Big bang reforms are done; time to fix the nuts & bolts

New Sebi chief Ajay Tyagi has to build upon proposals mooted by his predecessor, say experts

When UK Sinha took charge as chairman of the Securities and Exchange Board of India (Sebi) in 2011, the market regulator had begun the process of revamping the takeover code, one of the most important securities market regulations. Six years later as Sinha passes the baton to Ajay Tyagi, there is no crying need for any regulatory overhaul. “I would like my successor to set his own priorities,” Sinha had said when asked if Sebi had identified any area that would need Tyagi’s attention on taking charge. Business Standard lists proposals that were mooted during Sinha's time and which Tyagi