K.V. Ramana Murty, the former additional controller general of defence accounts, has taken charge as a whole-time member of the Securities and Exchange Board of India (SEBI). His appointment fills a vacancy that had existed since last year, bringing the total number of whole-time members on the SEBI board to four. Previously, Murty served as a part-time member on SEBI's board and has held significant positions in various financial regulatory bodies, including the National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI). He was also a Joint Secretary in the Ministry of Corporate Affairs, focusing on e-governance and policy formulation. The current SEBI board comprises a chairman, four whole-time members, and four part-time members, who represent the Ministry of Corporate Affairs, the Ministry of Finance, and the Reserve Bank of India. Whole-time members like Murty play a vital role in decision-making processes, investigations, and implementing policies that aim to develop India's capital markets.