Intermediary Advisory Committee

# Members Details Capacity
1 Shri. S Ravindran
Ex-Executive Director, SEBI
Chairman
2 Shri. Ashish Chauhan
MD & CEO, National Stock Exchange *
Member
3 Shri. Sundararaman Ramamurthy
MD & CEO, Bombay Stock Exchange *
Member
4 Shri. K Suresh
President, ANMI *
Member
5 Shri. Anup Gupta
Chairman, BBF *
Member
6 Shri. Rakesh Kumar Jain
President, CPAI *
Member
7 Shri. N V K Mohan
Chairman, RAIN *
Member
8 Shri. Lovaii Navlakhi
Chairman, ARIA *
Member
9 Shri. Sunil Alvares
MD & CEO, CDSL Ventures Limited *
Member
10 Shri. Nithin Kamath
Founder & CEO, Zerodha Broking Limited
Member
11 Shri. Lalit Keshre
Co-Founder & CEO, Nextbillion Technology Pvt. Limited (Groww)
Member
12 Shri. Devarsh Vakil
Head of Retail Research, HDFC Securities Limited
Member
13 Shri. Uttam Bagri
Promotor Director, BCB Brokerage Private Limited
Member
14 Shri. Aditya Bagree
MD & Head of Markets, Citigroup
Member
15 Shri. Hemant Kakkar
Designated Partner, HR Finance & Investments
Member
16 Shri. Ashok Dhere
Lokmanya Seva Sangh,
Member
17 Shri. Vineet Virmani
Professor, IIM Ahmedabad
Member
18 Ms. Shruti Rajan
Partner, Trilegal
Member
19 Shri. Ravichandra Hegde
Senior Partner, RHP Partner
Member
20 Shri. Jeevan Sonparote
Executive Director, SEBI *
Member - Secretary

Terms of reference of the Committee:


* Appointed in Ex-Officio Capacity





(i) To advise SEBI on matters relating to regulation of stock brokers, depository participants, clearing members, non-mutual fund Registrar and Transfer Agents (RTAs), Investments Advisors (IAs), Research Analysts (RAs), and KYC Registration Agency (KRAs);

(ii) To suggest measures for improving market safety, efficiency, transparency and integrity;

(iii) To take note of any new market development which may have taken place between two consecutive meetings of the committee and suggest measures;

(iv) To advise SEBI on matters required to be taken up for changes in legal framework to introduce simplification and transparency in systems and procedures with regard to market intermediaries;

(v) To advise on greater adoption of technology and cyber security by intermediaries, including in respect of compliances; and

(vi) Any other matter that the Committee considers relevant.