The Ministry of Finance has commenced the process to appoint a new Whole-Time Member (WTM) for the Securities and Exchange Board of India (SEBI), as the tenure of current WTM Ashwani Bhatia concludes on May 31, 2025. Business News India
Key Details of the Appointment:
- Tenure and Retirement: The appointed WTM will serve a term of up to five years, subject to a maximum age limit of 65 years. Re-appointment is permissible.Business News India
- Compensation: The role offers a salary equivalent to that of an additional secretary in the Government of India or a consolidated ₹5 lakh per month, excluding car and housing facilities.Business News India
- Eligibility Criteria: Candidates must possess integrity, a strong professional reputation, and the ability to address securities market issues. They should have specialized knowledge or experience in law, finance, economics, accountancy, or administration, with a minimum of 20 years of experience.
SEBI currently has four WTMs, with two, including Bhatia, scheduled to complete their terms in 2025. Business News India+1Business News India+1
Source (full link):
https://www.business-standard.com/amp/finance/news/ministry-of-finance-initiates-search-for-a-new-whole-time-member-for-sebi-125043000462_1.html
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