Government invites application for SEBI chief post

The authorities connected Monday invited applications for the station of Chairman of the Securities and Exchange Board of India (SEBI). The existent SEBI chairperson Madhavi Puri Buch's three-year word ends connected February 28. Buch assumed complaint astatine the helm of Sebi connected March 2, 2022.

In a nationalist advertisement, the section of economical affairs nether the concern ministry invited applications from candidates by February 17.

"The assignment shall beryllium made for a maximum play of 5 years from the day of presumption of complaint oregon till attaining the property of 65 years of the appointee, whichever is earlier," the ministry said.

The chairperson volition person a wage equivalent to a caput to the Government of India which is Rs 5,62,500 per period (without location and car), the advertisement said.

The ministry besides said that keeping successful presumption the relation and value of SEBI arsenic a regulator, the campaigner should person "high integrity, eminence and estimation preferably supra 50 years with much than 25 years of nonrecreational experience".

The campaigner is besides required to person a "shown capableness successful dealing with problems relating to securities markets, oregon has peculiar cognition oregon acquisition of law, finance, economics, accountancy' which successful the sentiment of the cardinal authorities shall beryllium utile to the board".

"The president should beryllium a idiosyncratic who does not and volition not person immoderate specified fiscal oregon different interests arsenic are apt to impact prejudicially his relation arsenic the chairman," the advertisement added.

The authorities volition name the SEBI chairperson connected the proposal of the Financial Sector Regulatory Appointments Search Committee (FSRASC). The committee is besides escaped to urge immoderate different idiosyncratic besides who has not applied for the station connected the ground of merit, it added.