SC lens on Sebi chief's appoitment

The Supreme Court has issued notices to the government, market regulator Sebi and President Pranab Mukherjee's advisor Omita Paul on a fresh petition challenging the appointment of UK Sinha as Sebi chief on counts such as lack of eligibility and suppression of facts. The court on Wednesday gave the government and the market regulator four weeks to reply to the notices and explain their views on the allegations raised in the petition. The government will have to explain under what authority of law it appointed Sinha as Sebi chief. 

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