The Ministry of Finance has officially started the hunt for a new Chairperson for the Securities and Exchange Board of India (SEBI). With the current Chairperson, Madhabi Puri Buch, set to complete her three-year tenure on February 28, 2025, applications for the prestigious position are being invited from eligible candidates.
The Department of Economic Affairs published advertisements in leading newspapers titled ‘Filling up the post of Chairman in Securities and Exchange Board of India’, urging applicants to submit their forms by February 17, 2025. The position is based in Mumbai, the financial capital of India.
What Are the Key Highlights of the SEBI Chairman Role?
1. What is the tenure for the SEBI Chairperson post?
The SEBI Chairman will be appointed for a maximum term of five years or until the appointee turns 65 years old, whichever is earlier. This tenure offers a robust opportunity for leadership in shaping India’s financial market regulations.
2. What is the salary of the SEBI Chairperson?
The role offers two salary options:
- The pay equivalent to a Secretary to the Government of India.
- A consolidated monthly salary of ₹5,62,500 (₹5.62 lakh), excluding house and car benefits.
The competitive salary package reflects the critical responsibilities of the Chairperson in overseeing India’s capital markets.
Madhabi Puri Buch’s Legacy as SEBI Chairperson
Madhabi Puri Buch, who took office in March 2022, made history as the first woman SEBI Chairperson. Her three-year term was marked by significant developments but also controversies.
Notably, recent months saw allegations related to a report by US-based short seller Hindenburg Research, which accused SEBI of conflict of interest in a case involving the Adani Group. These challenges have intensified the focus on the upcoming leadership transition.
How to Apply for the SEBI Chairperson Role?
Interested candidates can apply for the SEBI Chairperson role by sending their applications to the Ministry of Finance by February 17, 2025. Detailed instructions are included in the official advertisement published by the Department of Economic Affairs.
What Makes This Opportunity Unique?
SEBI is a cornerstone of India’s financial ecosystem, regulating markets to ensure transparency and investor protection. The Chairperson role is not just a job—it’s an opportunity to shape policies, maintain market integrity, and drive innovation in India’s financial systems.
With a lucrative salary, substantial tenure, and a chance to make history, the role is a golden opportunity for eligible candidates.
FAQs
Who can apply for the SEBI Chairperson role?
Eligible candidates with significant expertise in financial markets, regulation, or relevant sectors can apply.
Where is the position based?
The position is based in Mumbai, India’s financial hub.
What is the last date to apply?
Applications must be submitted by February 17, 2025.
What is the salary offered to the SEBI Chairperson?
The Chairperson has the option of either pay equivalent to a Government of India Secretary or a consolidated salary of ₹5,62,500 per month.
How long is the tenure of the SEBI Chairperson?
The tenure lasts for up to five years or until the appointee turns 65 years old, whichever is earlier.
What is the current SEBI Chairperson’s term status?
Madhabi Puri Buch’s term ends on February 28, 2025.
Has SEBI faced controversies under the current Chairperson?
Yes, there were allegations related to a report involving the Adani Group during Madhabi Puri Buch’s tenure.
How does SEBI impact India’s financial markets?
SEBI regulates India’s capital markets, ensuring transparency, fairness, and investor protection.
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