C.B. Bhave

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C.B. Bhave

Chandrasekhar Bhaskar Bhave is a former chairman of the Securities and Exchange Board of India (SEBI), India's capital market regulator. His appointment in February 2008 as SEBI's sixth chairman came as the stock market began to tank. Bhave was instrumental in making companies divulge details of their pledged shares in the wake of the Satyam Computer fraud. He also reduced the time to announce the price band for public issues, and said that SEBI would amend the open offer regulations in cases like Satyam to make the acquisition process more transparent.[1]

Bhave took over the leadership from M. Damodaran in February 2008 after the latter's three-year term expired.[2] He was previously chairman of the National Securities Depository Ltd (NSDL), which had been part of a Supreme Court lawsuit brought by SEBI over allegations it made "undue profits" in an initial public offer (IPO) scandal.[3]


Bhave ran SEBI's secondary market division from 1992 to 1996 and also served as head of primary markets from 1995 to 1996. He subsequently joined NDSL, where he served as chairman until taking the SEBI post.