Government invites application for SEBI chief post

Government invites applications for SEBI Chairman post, emphasising integrity, experience, and regulatory knowledge, with a 5-year term.

The Government on Monday (January 27, 2025) 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. Ms. Buch assumed charge at the helm of SEBI on March 2, 2022.

In a public advertisement, 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 ministry said.

“The chairperson will receive a pay equivalent to a secretary to the Government of India which is ₹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".

The candidate is also required to have a "shown capacity in dealing with problems relating to securities markets, or has special knowledge or experience of law, finance, economics, accountancy' which in the opinion of the central government shall be useful to the board".