The Government of India has announced an open call for applications for the position of Chairperson at the Securities and Exchange Board of India (SEBI). As Madhabi Puri Buch’s tenure comes to a close on February 28, the Ministry of Finance has invited eligible candidates to apply by February 17 to take over the role of leading the country’s top securities regulator.
Key Details About the SEBI Chairperson Role
The selected candidate will serve as the SEBI Chairperson for a maximum term of five years or until they reach the age of 65, whichever comes first. The role is crucial for overseeing the securities and capital markets in India, shaping policies that affect both domestic and global investors.
The position offers a choice between two compensation packages: one as per the pay scale of a Secretary to the Government of India, or a consolidated salary of ₹5,62,500 per month, excluding a house and car.
Madhabi Puri Buch’s Leadership and Tenure
Madhabi Puri Buch took charge as SEBI’s first woman Chairperson on March 2, 2022. Her leadership marked a significant chapter for SEBI, which included significant market reforms and policy shifts. Prior to becoming the chairperson, she served as a whole-time member at SEBI for five years, from April 2017 to March 2022.
As her term comes to an end, the government is now looking for a new leader who can continue to guide SEBI’s pivotal role in India’s financial markets.
How to Apply and Key Application Deadline
Candidates interested in applying for the position must submit their applications by February 17, 2025. The appointment will be based on eligibility criteria as outlined by the Department of Economic Affairs (Financial Markets Division).
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