Sebi, the Securities and Exchange Board of India, calls for applications to recruit 25 skilled professionals for its esteemed legal department

Sebi

Sebi, the capital markets regulator, has issued an invitation for applications to fill 25 senior-level positions within its legal department. The objective behind this recruitment drive is to enhance the workforce at the Securities and Exchange Board of India (Sebi) and facilitate more efficient and prompt execution of its regulatory responsibilities.

Interested candidates, who are Indian citizens, can apply for the role of Officer Grade A (Assistant Manager) in the legal stream by submitting their applications online. The application window will remain open until July 9, following which online examinations will be conducted by the regulator to select suitable candidates for these positions between August and September.

Applicants are required to possess a bachelor’s degree in Law from a recognized university or institute in order to be eligible for this position.

While announcing the job opportunity, Sebi has also cautioned candidates to be wary of fraudulent individuals who may attempt to deceive them with false promises of securing employment within the regulatory body. Candidates are advised to report any such instances immediately, providing complete details such as the names and contact information of those involved, to Sebi.

In July 2022, Sebi had invited applications for 24 senior-level executives in the information technology department. Prior to that, in January of the previous year, the markets regulator had also initiated a recruitment drive for 120 Officer Grade A (Assistant Manager) positions across different streams.

Sebi

During March 2020, Sebi opened applications for 147 senior-level officials, which garnered an overwhelming response of approximately 1.4 lakh applicants.

Established by the government in 1988, Sebi was bestowed with statutory powers through the enactment of the Sebi Act in 1992, following the Harshad Mehta scam that impacted the Indian markets.

Sebi’s primary mandate is to safeguard the interests of securities investors and promote and regulate the securities markets. It oversees activities within stock exchanges and other securities markets, registers and regulates various market intermediaries including brokers, merchant bankers, registrars, portfolio managers, investment advisers, foreign portfolio investors, credit rating agencies, mutual funds, and venture capital funds.

Furthermore, Sebi is tasked with preventing fraudulent and unfair trade practices, insider trading, and other forms of manipulative activities.

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