Vikram Limaye, a member of Vinod Rai led Committee Of Administrator (COA) is all set to vacant his post in the committee in the month of July. Limaye is appointed as Chief Executive Officer of National Stock Exchange of India (NSE), which has been approved by SEBI – the watchdog of security market in India – as well. As per the rules, he cannot take two posts at a time and hence, he has decided to convey his decision to the Supreme Court in the month of July, after the end of vacations.
Limaye was named in the Vinod Rai led the four-member committee on January 30, after The Supreme Court of India sacked Anurag Thakur as the President of the Board on January 2, for not complying with the recommendations of Lodha panel.
Limaye will be second outgoing personality from COA as on June 1, Ramachandra Guha too quit the panel, citing a lot of issues in BCCI. He was surprised by VIP culture in the board and the members violating the rules and regulations openly, which were not complying with Lodha panel recommendations. He later wrote a seven-point letter to Vinod Rai, citing reasons for his resignation. Judges of Supreme Court of India will listen to his plea after the end of vacations. The outgoing member, however, suggested the name of former Indian cricketer Javagal Srinath replace him.
The court has to announce two new eminent personalities to replace these two in the post to run the richest board in the world.
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