Vikram Limaye to step down from CoA: reports

Vikram Limaye will quit the Committee of Administrators since he is set to take over as the new CEO of the National Stock Exchange.

Vikram Limaye, CEO of the Infrastructure Development Finance Company (IDFC) and member of the Committee of Administrators (CoA) since January this year is ready to take over as the new CEO of the National Stock Exchange (NSE). Thus, he will leave his position as a member of the CoA.

Vikram Limaye (right) will step down as a member of the Committee of Administrators (CoA). (AFP/Getty Images)

According to a report on Cricbuzz, Limaye can begin his new job because his appointment has already been approved by SEBI. However, his new responsibilities will begin only after he leaves his CoA role.

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The CoA has been in the news lately thanks to noted historian Ramachandra Guha. He resigned from his own position in the CoA after feeling disillusioned at what he perceived as ‘superstar syndrome’ and rampant conflicts of interest.

Former CAG Vinod Rai and ex-cricketer Diana Edulji are the other two members of the Supreme Court-appointed CoA.