After Guha’s ouster from CoA, Vikram Limaye to quit from committee
Only Vinod Rai and Diana Edulji would remain in CoA.
Published - Jun 10, 2017 6:28 pm | Updated - Jun 10, 2017 6:28 pm
After the resignation of famous cricket historian and the member of CoA, Ramachandra Guha, it is now the turn of Vikram Limaye to resign from his position. The Security and Exchange Board of India (SEBI) has appointed Limaye as the CEO and MD of the National Stock Exchange (NSE). Therefore, Limaye has to give away his post in the Supreme Court appointed Committee for the proper functioning of the Board of Control for Cricket in India (.
The Supreme Court can be approached only after it re-opens post the Summer break in July. According to the press release of the Security and Exchange Board of India, Limaye can only take over the new role as the MD and CEO of National Stock Exchange only after he is relieved from his role for the BCCI. No action can be taken by the BCCI and the CoA until July because that’s when the Court re-opens after vacation.
The reason for the move of appointing Limaye as the CEO and MD of NSE came after sudden exit of Chitra Ramkrishna which opened up the highly sought after position. Even though Limaye had clearance from NSE in February and the stakeholders at March, SEBI were apprehensive about his commitment towards the NSE, given his role with the BCCI.
SEBI press statement
“SEBI has approved the appointment of Vikram Limaye as the MD and CEO of the National Stock Exchange of India limited, subject interalia to his being relieved from his BCCI (COA) assignment. The appointment will take effect from the date of joining” quoted the exchange in a press statement according to Cricketnext.
It was only a few days back when Ramachandra Guha resigned from his post at the Committee of Admistratrators, citing the loopholes in the Board and the committee’s powerlessness over BCCI. With the exit of Vikram Limaye now only Vinod Rai and former woman cricketer, Diana Edulji would be left in the Supreme Court appointed council.