Sebi to hire 49 officers; invites application


NEW DELHI: Capital markets watchdog Sebi on Tuesday initiated the method to hire 49 officers in several departments this yr, a transfer that can assist in sooner and more practical execution of its regulatory function. This got here after the Securities and Exchange Board of India (Sebi) invited functions in March for the 97 senior-level posts.
The hyperlink for submitting the application on-line was initially scheduled to open on April 13.However, it was determined to postpone the identical due to the schedule of the General Elections.
Now, in a recent discover on Tuesday, Sebi has invited functions for 49 posts of Officer Grade A (Assistant Manager) for General, authorized, info expertise, engineering electrical, analysis and official language streams.
The hyperlink for submitting the application on-line will probably be open until June 30.
The regulator is wanting to fill 34 positions within the General stream, 10 in info expertise, two within the authorized workforce and one every in engineering (electrical), analysis and official language departments.
Selection will probably be carried out in three phases starting July 27.
Sebi has been beefing up its headcount over the previous couple of years. In July 2022, the regulator invited functions for 25 senior-level executives within the info expertise division.
In January 2021, the markets regulator invited functions for the recruitment of 120 Officer Grade A (Assistant Manager) in several streams. In March 2020, the regulator invited functions for 147 senior-level officers and round 1.4 lakh folks utilized for these positions.
Formed by the federal government in 1988, Sebi was given statutory powers following the passage of the Sebi Act in 1992 after the Harshad Mehta rip-off that hit the Indian markets. As per its preamble, Sebi is remitted to shield the pursuits of buyers in securities in addition to promote and regulate the securities markets.
It regulates enterprise in inventory exchanges and different securities markets, registers and regulates numerous market intermediaries, together with brokers, service provider bankers, registrars, portfolio managers and funding advisers, in addition to overseas portfolio buyers, credit standing companies, mutual funds and enterprise capital funds.
Besides, Sebi is remitted to test fraudulent and unfair commerce practices, insider buying and selling and different manipulative actions.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


Please enter your comment!
Please enter your name here

Share post:



More like this

How new entrants are posing a challenge to mom-and-pop stores

NEW DELHI: In the post-Covid period, conventional mom-and-pop...

India resists China’s push to restart direct passenger flights amid border disputes

China is urging India to resume direct passenger...

RBI’s ‘well timed motion’ reduced growth of ‘unsecured loans’: Shaktikanta Das

MUMBAI: Reserve Bank of India Governor, Shaktikanta Das...

Motorola Edge 50 Ultra With AI-powered Camera Launched In India: Price, Features

Last Updated: June 20, 2024, 12:05 ISTThe new...