Govt Nominates Shri Manoj Kumar of SEBI as Member of IFSCA

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Shri Manoj Kumar SEBI Member 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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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied