SEBI to recruit executive directors for effective execution of its regulatory work

Executive Jun 29, 2020 Saumya Srivastava ( Editor: Ekta Joshi ) 1 Shares

SEBI has started the process for recruiting 2 executive directors for faster and more effective execution of its regulatory work.

Also Read - Registration of Stock Trader Cancelled by SEBI due to Fraudulent Trading

The appointment of executive directors will be either on a contractual or deputation basis for 3 years, the regulator said in a public notice on Friday – 28th June 2020.

The Securities and Exchange Board of India (SEBI) has invited applications for the recruitment, the last date for the same is 17th July 2020.

Also Read - SEBI penalizes individual for releasing price sensitive information: WhatsApp Leak Case

The candidate should have a minimum of 20 years of experience in handling problems associated with the securities market or special knowledge or experience of law, investigation, finance, economics, and accountancy, among others. The candidate’s age should be between 40 and 55 years, as on 30th June 2020.

SEBI has 8 executive directors currently.

Babita Raydu had taken charge as a SEBI executive director, in January this year.

SEBI, a capital market watchdog, is a statutory regulatory body established by an Act of Parliament, to protect the interests of investors in securities, to promote the development of and to regulate the securities market.

Registration of Stock Trader Cancelled by SEBI due to Fraudulent Trading

Business Jul 10, 2020 Ishita Joshi ( Editor: Ekta Joshi ) 3 Shares

SEBI, on Wednesday, 8th July 2020, terminated the registration of a stockbroker for involvement in fraudulent trading activities in the scrip of Maharashtra Polybutenes Ltd. Capital Market Regulator Securities and Exchange Board of India (SEBI), in the order released, said that it was canceling the certificate of registration given to the noticee namely Vishal Vijay Shah as a stockbroker. It was reported that Shah had entered into a circular and synchronized exchange with 115 front...

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SEBI penalizes individual for releasing price sensitive information: WhatsApp Leak Case

Executive Jun 17, 2020 Saumya Srivastava ( Editor: Ekta Joshi ) 11 Shares

On Monday (June 15, 2020), market regulator SEBI penalized an individual after he was found guilty of releasing unpublished price sensitive information related to financial results of Asian Paints through WhatsApp messages before the official announcement by the company.A penalty of ₹ 15 lakh has been imposed on the said individual - Neeraj Kumar Agarwal.A few news reports referred to the circulation of Unpublished Price Sensitive Information (UPSI) in various private WhatsApp groups about...

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