Govt invites application for SEBI chief post

New Delhi: The Union government has invited applications for the post of Chairman of the Securities and Exchange Board of India (SEBI). The current SEBI chairperson Madhabi Puri Buch’s three-year term ends on February 28. Buch assumed charge at the helm of SEBI on March 2, 2022.
The department of economic affairs under the finance ministry invited applications from candidates by February 17. The appointment shall be made for a maximum period of 5 years from the date of assumption of charge or till attaining the age of 65 years of the appointee, whichever is earlier.
The chairperson will receive a pay equivalent to a secretary to the Government of India which is Rs 5,62,500 per month (without house and car), the advertisement said. The ministry also said that keeping in view the role and importance of SEBI as a regulator, the candidate should have “high integrity, eminence and reputation preferably above 50 years with more than 25 years of professional experience”.