Kamlesh Chandra Varshney has taken charge as the Whole-Time member at the Securities and Exchange Board of India (SEBI). Prior to this, he was Joint Secretary (Tax Policy and Legislation) in the Department of Revenue, a statement from SEBI informed.
The statement said that Varshney will handle various departments like Market Intermediaries Regulation and Supervision Department, Legal Affairs Department LAD1, Integrated Surveillance Department, Information Technology Department, Recovery and Refund Department and Special Enforcement Cell.
Varshney is an MBA from IIM, Lucknow and is also a Law graduate. He has also worked in Merchant Navy after being trained on TS Rajendra, the statement mentioned.
Varshney is a 1990-batch Indian Revenue Service (IRS) officer who has worked in various capacities in the Income Tax department and finance ministry. He was the first Commissioner of Advance Pricing Agreement (APA), and has a distinction of rolling out APA programme in India. He is on the panel of tax experts of the United Nations Development Programme (UNDP). He has worked for five years with tax administration of Papua New Guinea helping them in investigation and capacity building, concluded the statement.