Former SEBI Executive Director, Usha Narayanan passes away

Usha Narayanan, former Executive Director at the Securities and Exchange Board of India (SEBI) has passed away.

Following her retirement from SEBI after over 35 years of service, Narayanan joined the Mumbai office of Amarchand Mangaldas as an Of Counsel in 2012.

Expressing his condolence over her demise, Cyril Shroff, managing partner at Cyril Amarchand Mangaldas said,

“Usha Narayanan was a stalwart of securities market laws and practices and one of the original pillars of good governance. We will miss her very much as will the securities market practitioners.

Our deepest condolences to her family.”

Narayanan joined SEBI in 1991 and while at SEBI, she was responsible for overseeing policies relating to the issuance of capital, disclosure in offer documents, continuous disclosures, listing requirements, corporate governance, mergers and acquisitions and portfolio investment by foreign investors.

She has held various senior positions in the Divisions of Primary Market, Takeover, Foreign Institutional Investors and Custodian Investigation and Market Intermediaries Department.

She has also been a member of various committees including International Organisation of Securities Commission’s Standing Committee on Disclosures & Accounting Standards, the Reserve Bank of India Committee on Conflict of Interest and the Government of India Committee to review ADR/ GDR/ FCCB policy.

Prior to joining SEBI, Narayanan worked with the Bank of India for 15 years. She is a graduate of Mumbai University and did her Masters in Business Laws from the National Law School of India University, Bangalore. She also holds a postgraduate degree in Economics.

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