Sebi initiates process to recruit new executive director

Capital markets watchdog Sebi has begun the process of recruiting an executive director for faster and more effective execution of regulatory work.

The appointment of executive director will either be on deputation or contractual basis, for an initial period of three years, the regulator said in a public notice.

For this, the Securities and Exchange Board of India (Sebi) has invited applications. The last date for receiving the applications is August 6.

The candidate should have at least 20 years of experience in dealing with problems related to securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.

Earlier in June, the regulator had invited application for the post of the ED but later deferred the process of recruitment "to a future date".

Currently, Sebi has seven executive directors -- P K Nagpal, Nagendraa Parakh, Amarjeet Singh, Sujit Prasad, Anand R Baiwar, S Ravindran and S V Murali Dhar Rao.