The link to submit the online application was originally scheduled to open on April 13. However, it was decided to postpone it due to the timing of the General Elections.
Now, in a fresh notification on Tuesday, Sebi has invited applications for 49 posts of Grade A Officer (Assistant Manager) for general, legal, information technology, electrical engineering, research and official languages.
The link to submit the online application will be open until June 30.
The regulator is seeking to fill 34 positions in the general area, 10 in information technology, two in the legal team and one each in the engineering (electrical), research and official languages ​​departments.
The selection will be held in three phases starting from July 27. Sebi has been increasing its staff strength over the past few years. In July 2022, the regulator invited applications for 25 senior executives in the information technology department. In January 2021, the markets regulator invited applications for the recruitment of 120 Grade A officers (assistant managers) in different areas. In March 2020, the regulator invited applications for 147 senior officers and around 1.4 lakh people applied for these posts.
Sebi, set up by the government in 1988, was given statutory powers following the passage of the Sebi Act in 1992, following the Harshad Mehta scam that hit Indian markets. According to its preamble, Sebi is mandated to protect the interests of investors in securities as well as promote and regulate securities markets.
It regulates business on stock exchanges and other securities markets, registers and regulates various market intermediaries, including brokers, merchant bankers, registrars, portfolio managers and investment advisers, as well as foreign portfolio investors, credit rating agencies, mutual funds and venture capital funds.
Furthermore, Sebi is mandated to check fraudulent and unfair trade practices, insider trading and other manipulative activities.
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