The Securities and Exchange Board of India (SEBI) has announced to hire 120 officers to make an effective execution of regulatory work. SEBI has invited applications for the post of Grade A (Assistant Manager) for streams such as general, legal, information, technology and engineering. It has released the statement on its official website; sebi.gov.in. However, the detailed advertisement along with the application link will be made available on September 15, 2018. All the candidates who are interested in securing a job must note that the registrations will be accepted only through online mode on SEBI’s site. Sebi Extends Deadline for FPIs to Provide List of Beneficial Owners. 

The selection will be carried out in three phases. At first, the candidates will sit for an online exam in which the students will have to answer Multiple Choice Questions (MCQ) on General Awareness, English Language, Quantitative Aptitude, Test of Reasoning and Awareness of Securities Market. The qualified ones will then sit for another online exam which will be of three papers. At the final stage, the shortlisted candidates from Phase II will be invited for an Interview. The pay scale for officers Grade A in SEBI usually varies from Rs. 28,150 to Rs. 55,600.

SEBI plans to hire 84 officers in general stream, 18 in legal, 8 in information technology and five each in civil engineering and electrical engineering streams. Formed by the government in 1988, SEBI was given statutory powers after the passage of the SEBI Act in 1992 after the Harshad Mehta scam hit the Indian markets.

(The above story first appeared on LatestLY on Sep 05, 2018 05:33 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).