Finance ministry advertises for new Sebi chief, offers Rs 5.6 lakh monthly salary
Madhabi Puri Buch's tenure comes to end on February 28, the Ministry of Finance has invited applications from qualified candidates to head the country's markets regulator, the Securities and Exchange Board of India (SEBI).
«The appointment shall be made for a maximum period of five years from the date of assumption of charge or till attaining the age of 65 years of the appointee, whichever is earlier,» the government job advertisement in a newspaper said today.
Sebi chief shall have an option to receive pay as admissible to a Secretary to the Government of India or a consolidated salary of Rs 5,62,500 per month without house and car. The finance ministry has asked candidates to submit applications by February 17.
The term of the current chief, Madhabi Puri Buch, who was appointed in March 2022 for a period of three years, ends on Feb. 28. She was under intense pressure to resign last year because of a conflict of interest in a case involving the Adani Group but denied the allegations.
The first woman to be appointed SEBI chief, Buch was at the helm while the regulator probed allegations made by U.S. short-seller.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager-
