Blurb: Govt invites applications for two SEBI whole-time member posts, seeking experienced candidates to strengthen market regulation and leadership at the capital market watchdog.
New Delhi
The central government has invited applications for two whole-time member (WTM) positions at the Securities and Exchange Board of India (SEBI), with the Department of Economic Affairs setting June 30 as the deadline for submissions.
The move aims to strengthen the senior leadership of India’s capital market regulator, which plays a key role in policy formulation, enforcement, market supervision and investor protection.
According to the notification, selected candidates will have the option to receive a salary equivalent to that of an additional secretary to the government or opt for a consolidated pay of Rs 5 lakh per month, excluding housing and car facilities.
At present, SEBI has four whole-time members overseeing various regulatory and operational functions. The three-year terms of two members are scheduled to end in September, although they remain eligible for reappointment subject to age limits.
The government is seeking candidates with strong professional credentials, integrity and expertise in fields such as securities markets, finance, law, economics, accountancy or public administration. Applicants are expected to have at least 20 years of experience, with a preferred age range of 45 to 60 years.
The notification also specifies that candidates from government services, public sector undertakings, academic institutions and research organisations must submit supporting documents, including performance appraisal reports for the past five years, vigilance clearance and integrity certificates.
Appointments will be made by the central government based on recommendations from the Financial Sector Regulatory Appointments Search Committee (FSRASC), which may also consider individuals who have not formally applied.
Whole-time members form part of SEBI’s senior leadership and are responsible for shaping regulatory frameworks, overseeing investigations and ensuring orderly development of India’s capital markets.
