July 07, 2020

Injeti Srinivas appointed as the Chairman of IFSCA

[ by Legal Era News Network ]


The Appointments Committee of the Cabinet has appointed retired IAS officer Injeti Srinivas as the Chairman of the International Financial Services Centres Authority (IFSCA) on 6th July. As per the official order, his appointment is for a period of three years from the date of assuming charge or until further order, whichever is earlier.

Gujarat-headquartered IFSCA will regulate all financial services in International Financial Services Centres (IFSCs) across the country.

Srinivas retired as the Corporate Affairs Secretary on May 31.

Srinivas is a 1983 batch IAS officer from the Odisha cadre and served at the Ministry of Corporate Affairs for nearly three years.

As part of the government’s objective to improve the ease of doing business, Srinivas played a significant role in the decriminalisation of various minor, procedural and technical offences under the Companies Act.

During his tenure as the head of the Insolvency Law Committee, Srinivas pushed for the inclusion of home buyers as financial creditors under the IBC for housing projects to ensure they had powers to make construction firms accountable.

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