Company Name: Government of India Department of Economic Affairs (Financial Markets Division).
Application are invited from the eligible candidates for filling up of One vacancy of whole-Time Member in Securities and Exchange Board of India (SEBI).The whole-Time Member shall have an option to receive pay -(a) as admissible to an Additional secretary to the Government of India; or
(b) a consolidated salary of Rs.3,75,000/- per Month.
2.The terms and conditions of service of the Chairman and members will be regulated by the Securities and Exchange Board of India (Terms and Conditions of Service of the Chairman and Members ) Rules, 1992 as amended,which may be accessed on this Ministry's website ,The Whole-Time Member shall hold office for such period not exceeding 5 years and shall not hold office beyond 65 years of age,whichever is earlier .He/she is eligible for re-appointment.
3.Application of eligible candidates in the prescribed proforma (Annexure-II) along with attested copies of ACR/APAR of the last five years,Vigilance Clearance,No Penalty and Integrity Certificate (in respect of serving Govt. Servants and employees of PSUs,Academic and Research Institutions/ Universities ,etc) may be forwarded,through proper channel,to Shri Amit Ray,Director (RE),Room No.33- A1,Department of Economic Affairs,Ministry of Finance,North Block,New Delhi-110001.
Incomplete application and application received after the last date shall not be considered.
1.Name of the Post
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Whole-Time Member,Securities and Exchange Board of India
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2.Number of Post
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3.Scale of Pay
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As admissible to an additional Secretary to the Government of India Rs.3,75,000/- Consolidated.
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4.Eligibility Conditions
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1.A Person of ability ,Integrity and standing who have shown capacity in dealing with problems relating to securities markets or have special .Knowledge or experience of law,finance,economics,accountancy ,administration or in any other discipline,which in the opinion of the central Government shall be useful to the Board.
2.The terms and conditions of service of the chairman and Members will be regulated by the securities and exchange board of india(Terms and conditions of service of the chairman and members) Rules,1992 as amended ,which may be accessed on this Ministry website.The Whole-Time Member shall hold office for such period not exceeding 5 years and shall not hold office beyond 65 years of age,whichever is earlier ,He/She is eligible for re-appointment
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5.Selection Procedure
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The appointment shall be made by the Central Government on recommendation of the financial Sector regulatory Appointments Search Committe (FSRASC) as provided in the SEBI (Terms and Conditions of service of the Chairman and Members) Rules,1992.It may ,however,be noted that the FSRASC is free to identify and recommend any other person also,on the basis of merits ,who has not applied for the post.
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