Govt Nominates Shri Manoj Kumar of SEBI as Member of IFSCA

Notification No. S.O. 4093(E), Dated 09.09.2025

1. Introduction

The Ministry of Finance, Department of Economic Affairs, has issued a notification amending its earlier order dated 30 July 2020. This amendment was made to substitute the entry at serial number 2 of the original notification. The latest update reflects the nomination of a new member to the International Financial Services Centres Authority (IFSCA).

2. Nomination of Shri Manoj Kumar

As per the amended notification, Shri Manoj Kumar, Executive Director of the Securities and Exchange Board of India (SEBI), has been nominated as a Member of the International Financial Services Centres Authority (IFSCA). His appointment reflects the Central Government’s recognition of his expertise and experience in financial market regulation and supervision.

3. Legal Basis of the Notification

The notification has been issued under the powers conferred by Section 5(1)(b) of the IFSCA Act, 2019. This provision empowers the Central Government to nominate members to the Authority, ensuring representation from various regulatory bodies and strengthening the institutional framework of IFSCA.

4. Significance of the Appointment

The inclusion of Shri Manoj Kumar as a Member of IFSCA is expected to bring valuable insights from SEBI’s regulatory perspective. His expertise will aid in enhancing capital market development, investor protection, and regulatory harmonization within the International Financial Services Centre. This step also ensures closer collaboration between SEBI and IFSCA in matters related to securities markets and financial services.

5. Conclusion

The amendment to the 2020 notification and the nomination of Shri Manoj Kumar marks a significant development in the governance of IFSCA. With his induction, the Authority will benefit from strengthened oversight and regulatory experience, further supporting its mandate to develop India’s IFSC as a global hub for financial services. This move underlines the Government’s continued focus on effective leadership and strong regulatory coordination in shaping India’s international financial landscape.

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