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The existent three-year tenure of SEBI chairperson Madhabi Puri Buch volition extremity connected February 28. (File Photo)
The Ministry of Finance has invited applications for the station of Chairman of the Securities and Exchange Board of India (SEBI) by February 17.
The existent three-year tenure of SEBI chairperson Madhabi Puri Buch volition extremity connected February 28. She took implicit the complaint arsenic the main of superior markets regulator connected March 2, 2022.
“Applications are invited from the eligible candidates for filling up the station of Chairman successful Securities and Exchange Board of India (SEBI),” according to a announcement by the Department of Economic Affairs (Financial Markets Division).
The president volition clasp bureau for a play of 5 years oregon till the property of 65 years of age, whichever is earlier, and volition beryllium eligible for re-appointment, the announcement said.
The SEBI Chairman volition person an enactment to person wage arsenic admissible to a Secretary to the authorities of India; oregon a consolidated wage of Rs 5,62,500 per month.
Buch who took implicit arsenic the SEBI Chief successful March 2022, was the archetypal idiosyncratic from the backstage assemblage to beryllium astatine the helm of the regulatory body.
Before being appointed arsenic the SEBI Chairperson, Buch served arsenic a full clip subordinate of the regulator, till October 4,2021.
In August past year, US-based Hindenburg Research has alleged that Sebi Chairperson Buch and her husband, Dhaval Buch, had stakes successful offshore funds utilized successful the Adani wealth siphoning scandal. The Buch mates had denied the allegation.
Later successful September 2024, astir 500 SEBI employees had protested against the “toxic” enactment civilization astatine the regulator.
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