Applications invited for SEBI chief’s post – The Tribune-OxBig News Network

The government on Monday initiated the process to find a successor for market regulator SEBI chief Madhabi Puri Buch, who was involved in an alleged conflict of interest row.

The three-year term of Buch as Securities and Exchange Board of India (SEBI) chairperson ends on February 28. Buch turned 60 this month.

The Department of economic Affairs under the Finance Ministry said the appointment will be for five years or till the candidate attains 65 years of age. Last date to file applications is February 17.

“The chairman should be a person who does not and will not have any such financial or other interests that are likely to affect prejudicially his function as the chairman,” the advertisement said.

Similar clause was there last time as well when the government invited applications for SEBI chief in October 2021.

As per the advertisement issued on Monday, the candidate should have “high integrity, eminence and reputation preferably above 50 years with more than 25 years of professional experience”.

The candidate is also required to have a “shown capacity in dealing with problems relating to securities markets, or has special knowledge or experience of law, finance, economics, accountancy’ which in the opinion of the central government shall be useful to the board”.

This time the selection process has been initiated just a month before the end of the current chief’s tenure, unlike last time when it started four months prior. Buch assumed charge at the helm of SEBI on March 2, 2022.