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SEBI Chairperson Recruitment: The Union Finance Ministry has invited applications for the chairperson of the Securities and Exchange Board of India (SEBI). Applications can be made for the post of SEBI Chairperson by 17 February. The term of Madhabi Puri Buch, the current president of SEBI, ends on February 28. After the Hindonburg report, Madhabi Puri Buch, who was in constant controversy, was demanded to resign from the post of chairman. Now when his term is ending, the exercise of appointment of a new president has been started.
SEBI president’s term is five years old
You can serve as the chairman of SEBI for a maximum period of five years. If the president’s age is 65 years before the completion of the five -year term, then he has to leave the post in the middle. The term of Madhabi Puri Buch began on 2 March 2022. However, the extended tenure of Madhabi Puri Buch is only three years old, it will end on February 28, 2024. First served as a full -time member from 2017 to 2022.
Salary five lakh rupees per month
The Chairman of SEBI gets the option to receive salary equal to the Secretary of the Government of India. In which he without a car and house. 562500 per month can take salary. The government has been looking for an alternative to Madhabi Puri Buch since October.
This is how appointment will be done
According to the notification issued by the Ministry, the candidate should be “high integrity, prestige, keeping in mind the important role of SEBI as a regulator. The age limit should be more than 50 years and professional experience of over 25 years. The candidate should have ”. There should be the ability to deal with issues related to securities markets. There should be special knowledge or experience in law, finance, economics, accountancy. The government will appoint a SEBI chairman based on the recommendations of the Financial Sector Regulatory Regulatory Receipt Search Committee (FSRASC).
Madhabi’s term was controversial
Sebi chairperson Madhabi Puri Buch and her husband Hindurg have been engulfed in controversies since the Adani Group’s share rigging case was involved in the rigging case. The opposition also demanded his resignation and action. Apart from this, it was also alleged on behalf of SEBI employees that due to Madhabi Puri Buch, there is a poisonous atmosphere in the office. Employees also staged a sit -in to remove him from the post.