This notification, S.O. 1785(E), issued by the Ministry of Finance, Department of Economic Affairs, Financial Markets Division on April 27, 2018, announces the appointment of Shri Santosh Kumar Mohanty, Executive Director of the Securities and Exchange Board of India (SEBI), to the post of Whole Time Member, SEBI. This appointment is effective immediately on an absorption basis. The term is for a period of 3 years from the date he assumes charge, until he reaches the age of sixty-five years, or until further orders are issued, whichever is earliest. His compensation will be equivalent to that of an Additional Secretary to the Government of India, or a consolidated salary as specified in Office Memorandum No. 16/12/2017-E.IIIA of the Department of Expenditure dated January 10, 2018. The notification is issued in exercise of the powers conferred by section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with rule 3 of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. The responsible Joint Secretary is Govind Mohan.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body in India for securities and commodity market.
Securities and Exchange Board of India Act, 1992: The act under which the powers are conferred for the notification.
Securities and Exchange Board of India Terms and Conditions of Service of Chairman and Members Rules, 1992: Rules pertaining to the service conditions of the Chairman and Members of SEBI.
Santosh Kumar Mohanty: Appointed as Whole Time Member, SEBI.
Ministry of Finance: The ministry under which the Department of Economic Affairs and Financial Markets Division operate.
Department of Economic Affairs: A department within the Ministry of Finance.
Financial Markets Division: A division within the Department of Economic Affairs, Ministry of Finance.
New Delhi: City in Delhi, India, where the notification was issued.
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[फा. सं. 2/4/2017-आरई]
गोिवMद मोहन, संयु% त सिचव
2433 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
(FINANCIAL MARKETS DIVISION)
NOTIFICATION
New Delhi, the 27th April, 2018
S.O. 1785(E).—In exercise of the powers conferred by section 4 of Securities and Exchange Board of India Act,
1992 (15 of 1992) read with rule 3 of Securities and Exchange Board of India (Terms and Conditions of Service of
Chairman and Members) Rules, 1992, the Central Government hereby appoints Shri Santosh Kumar Mohanty, Executive
Director, Securities and Exchange Board of India (SEBI) to the post of Whole Time Member, SEBI on immediate
absorption basis, for a period of 3 years from the date he assumes charge of the post or till he attains the age of sixty five
years or until further orders, whichever is the earliest, with pay as admissible to an Additional Secretary to Government
of India or a consolidated salary as specified in the Office Memorandum No. 16-1/2017/E-IIIA of Department of
Expenditure dated 10th January 2018.
[F. No. 2/4/2017-RE]
GOVIND MOHAN, Jt. Secy.
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and Published by the Controller of Publications, Delhi-110054.