The Finance Ministry has started searching for a new full -time member (WTM) for the Securities and Exchange Board of India (SEBI). Ashwani Bhatia, one of the four full -time members of SEBI, ends on 31 May. The last date for submission of application is 28 May.
According to the appointment order, the new full -time member can serve for five years. But he will have to retire at the age of 65. Re -appointment is possible. For this post, a cumulative salary of Rs 5 lakh has been offered per month except for the salary or car and housing facilities equal to the additional secretary in the Central Government.
Eligible candidates should have the ability to deal with honesty, good prestige and security market issues. Also, there should be special knowledge or experience in law, finance, economics, accounting or administration. A minimum of 20 years of experience is necessary. The circular emphasizes that a full -time member should be free from financial or other interests that collide with their duties.
SEBI currently has four full -time members. The term of two is being completed in the year 2025. These include Bhatia. In June 2022, Bhatia Corporation, who joined SEBI, looks at the Finance Department, Corporation Finance Department and Loans and Hybrid Securities Department.
Earlier, he served as Managing Director in State Bank of India and Managing Director and Chief Executive of SBI Funds Management. During his tenure, Bhatia issued important orders related to SME, fund diversion and corporate fraud. Another full -time member Anant Narayan’s term is to end in September 2025.
First Published – April 30, 2025 | 10:33 pm IST
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