Mon Jan 27 05:57:28 UTC 2025: ## India Seeks Applications for Next SEBI Chairman
**New Delhi, [Date of Publication]** – The Indian government has begun the search for a new chairperson of the Securities and Exchange Board of India (SEBI), advertising the position on Monday. The current chairperson, Madhavi Puri Buch, will complete her three-year term on February 28th.
Applications are open until February 17th, according to a public advertisement issued by the Department of Economic Affairs under the Ministry of Finance. The successful candidate will serve a maximum of five years or until reaching the age of 65, whichever comes first. The position offers a monthly salary equivalent to that of a Government of India Secretary – approximately Rs 5,62,500 (excluding housing and vehicle allowances).
Ideal candidates are described as possessing high integrity and an eminent reputation, preferably over 50 years old with at least 25 years of professional experience. Significant experience in securities markets or expertise in law, finance, economics, or accountancy is highly desirable. Crucially, the appointee must be free from any financial or other conflicts of interest that could compromise their duties.
The final selection will be made by the government based on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC). The committee retains the discretion to nominate candidates who did not formally apply, based on merit.
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