Veteran banker Vikram Limaye will quit the Committee of Administrators (COA) for BCCI on July 14 to take over as the Managing Director and CEO of National Stock Exchange (NSE)
Vikram Limaye. Pic/Datta Kumbhar
Veteran banker Vikram Limaye will quit the Committee of Administrators (COA) for BCCI on July 14 to take over as the Managing Director and CEO of National Stock Exchange (NSE).
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Former CAG Vinod Rai, who is head of the COA, said that Limaye will hold his position till July 14, when the Supreme Court reopens, after which he will have to step down for his new assignment at the NSE.
With Limaye’s departure, the COA will shrink from being a four-member panel to a two-member panel. Historian Ramachandra Guha was the first to quit the panel, alleging that it had not done enough to implement the Lodha Committee reforms mandated by the Supreme Court.
"Vikram is very much a part of the COA as of now. Till July 14, he is a part of the COA. After that, he will appeal to the Supreme Court to be relieved from his duties," Rai said yesterday.
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