Govt mulls removing age cap for Sebi chief

The government is mulling to remove the age criteria for selection of the Securities and Exchange Board of India (Sebi) chief, said two people with knowledge of the development. Under the current rules, only those between the ages of 50 and 60 can apply for the post, while the retirement age has been set at 65 years.

The move is aimed at attracting relatively younger talent to head the regulatory body, sources said. The move could also be in sync with the criteria for appointing the Reserve Bank of India (RBI) governor, where is there is no lower