Sebi begins recruitment process for 2 executive directors

Capital markets regulator Sebi has begun the process of recruiting two executive directors, posts of whom will fall vacant later this year.
The appointment for the posts would be either on deputation or contractual basis, for a period of three years, Securities and Exchange Board of India (Sebi) said.
One post will fall vacant on expiry of the tenure of J Ranganayukulu on August 11, 2014, while the other one will vacate on completion of the tenure of R K Padmanabhan on September 27, 2014.
Sebi has sought applications for one post of Executive Director-General and another of Executive Director-Legal. The last date for receiving the applications is April 30, 2014.

Presently, there are 7 sanctioned posts of executive directors, of which 4 have been filled through internal promotion and two through deputation and one on contract basis.
Sebi is likely to form a selection committee consisting of the Chairman, a whole-time member, a board member and an external expert. This committee will interview the shortlisted candidates.
An advertisement regarding this recruitment process has been uploaded on Sebi's website.