Economic Affairs – Filling up of the post of Part-Time Member, Securities and Exchange Board of India

(b) A Part-Time Member while on tour (including the journey undertaken to attend a meeting of the Board) shall also be entitled to travelling allowance and daily allowances at the same rates and scale as are applicable to an Additional Secretary to the Government of India.

1. Appointments will be made as per the provisions of SEBI Act, 1992. As per SEBI Act, 1992 the members shall be persons of ability, integrity and standing who have shown capacity in dealing with problems relating to securities market 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 suitability of nominees will be assessed in terms of academic and professional qualifications, specific experience / track record and academic training the field of Securities Market, Financial Law & Regulations and Economic Management. For assessing integrity, information on criminal record, financial position, personal debts, refusal of admission to or expulsion from a professional body, sanction applied by a regulator and similar bodies and previous questionable business practices, etc. will be relied upon.

II.EDUCATION

A Part-Time Member should have graduation degree from a recognized university.

III.AGE

The age of the applicant at the time of consideration of his/ her application for appointment as Part-Time Member should not be more than 67 years.

IV. 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 Chairman and Members) Rules, 1992. The Part-Time Member shall hold office for such period not exceeding 03 years and shall not hold office beyond 70 years of age, whichever is earlier. He/ She is eligible for re-appointment.