We are pleased to report that Shri. Arun P. Sathe, eminent senior tax advocate, has been appointed part-time Member of SEBI for a period of three years vide Notification dated 28.07.2015.
Shri. Sathe has appeared in a number of landmark matters in the Supreme Court and the High Courts such as CIT vs. Hindustan Bulk Carriers (2002) 258 ITR 399 (SC), CIT vs. Gabriel India Ltd (1989) 179 ITR 54 (Bom), CIT vs. LIC Housing Finance Ltd (2014) 367 ITR 458 (Bom) etc. He was designated Senior Advocate on 23.07.2005 and was President of the ITAT Bar Association from 2013 to 2014.
We are confident that Shri Arun Sathe will do full justice to the responsibility reposed in him by SEBI and we wish him good luck in that behalf.
I thought SEBI is a place for Corporate & securities law rather than tax laws.
Wow! Now suddenly government finds a tax advocate suitable for SEBI. Aren’t there many more tax titans available ? Ohh! Wait! we have a brother of speaker of loksabha & has a huge political background too. Now it seems great. No other tax advocate has it. So, Govt has made an impeccable choice..
Congrats Sathe sir. Media is putting anything in question Now a days. Many gems like Mr.Sathe will rise as valuable persons at posts they deserve 20 years ago.
It appears that the Government’s endeavour is to recognize and honor the elite at any place down under. Yesterday the CVC and now the part time member of SEBI which was hitherto earmarked to the top by seniority of particular cadre of people. I congratulate the Government such bold steps.
Hearty Congratulations to Shri Arun Satheji. All the Best Wishes to him for a successful tenure.