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Govt invites applications for Sebi's whole time member

Press Trust of India  |  New Delhi 

The today invited applications to fill up the position of a whole time member at markets regulator

Currently, has two whole-time members -- Madhabi and G -- while was appointed a whole-time member last month. However, he is yet to join the markets regulator.

Kaushik has handled the capital markets in the Department of Economic Affairs, where he was responsible for the policy matters related to current account management, foreign institutional investments, external commercial borrowings and foreign exchange management. He has also worked closely with the and Reserve of (RBI).

In an advertisement, ministry has invited applications for the position of a whole time member. The person would be appointed for a five-year period or till attaining the age of 65 years, whichever is earlier.

Spelling out the eligibility criteria, it said that the candidate should have ability, integrity and standing, who has shown capacity in dealing with problems relating to securities markets or has special knowledge or experience of law, finance, economics, accountancy and administration among others.

The interested candidates need to send the application by February 14.

Earlier, the Securities and Exchange Board of (Sebi) had written to the ministry recommending that a fourth position of whole time member be created and the post should be filled up on priority basis, which was accepted by the ministry.

As per the Sebi Act, the board comprises a chairman, one member each from the ministry, corporate affairs and RBI, besides, five other members of whom at least three should be the whole-time members.

Sebi's whole-time member retired in June last year and joined in his place in October. also demitted office in November, 2016 and Buch joined in April this year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 19:40 IST