Question

“SEBI is managed by its members”. How many members are there in SEBI and who nominate them?

Answer 1

SEBI is managed by its members

1. Chairman who is nominated by Union Government of India.

2. Two members, i.e. Officers from Union Finance Ministry.

3. One member from The Reserve Bank of India.

4. The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.