MUMBAI, 7 May 2021: National Commodity Clearing Limited (NCCL) is pleased to announce the reconstitution of its Governing Board of Directors with the appointment of two new Public Interest Directors and the reappointment of two existing Public Interest Directors for a term of 3 years, as approved by the Securities and Exchange Board of India.
Joining the NCCL Governing Board are Ms Praveena Kala with expertise in Banking/management and Harshvardhan Raghunath expert in the field of Finance/Risk Management.
The existing PIDs Ramaseshan who is also the current chairman of the governing board and Ms. Shanti Srikanth shall continue as PIDs for a further period of 3 years. The tenure of all the PIDs would be effective 11 May 2021.
The board of directors and the management of NCCL look forward to welcome the reconstituted governing Board of Directors. Their leadership experience and expertise will bring energy, strength and commitment to development and improvement to the operations of the Clearing Corporation.
NCCL also thanks profusely the outgoing Directors for their noteworthy contribution in the smooth running of the Clearing Corporation during their term.