The Government on Monday has invited applications for the post of the Chairman of Securities and Exchange Board of India (SEBI). In a newspaper notice, the Ministry of Finance’s Department of Economic Affairs, invited the application for the new chairperson by February 17.
The tenure of current SEBI chairperson Madhabi Puri Buch will end on February 28. She took charge as the chief of the capital markets regulator on March 2, 2022.
In the newspaper advertisements, the Department of Economic Affairs said, “Government of India invites applications for the eligible candidates for filling up the post of Chairman in Securities and Exchange Board of India (SEBI), Mumbai. The appointment shall be made for a maximum period of Five years from the dat of assumption of charge till attaining the age of 65 years of the appointee, whichever is earlier.”
In terms of salary, the ministry said that the appointee shall be paid a consolidated salary of Rs 5,62,500. There are two options to receive pay, per the ministry.
It said, “The Chairman shall have the option to receive pay – a) as admissible to a Secretary to the Government of India; or b) a consolidated salary of Rs 5,62,500 per month (without house and car).”
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