## Policy Summary: Appointment of Whole Time Member to SEBI
This notification, issued by the Ministry of Finance, Department of Economic Affairs, on July 30, 2018, announces the appointment of Shri Anant Barua, Executive Director of the Securities and Exchange Board of India (SEBI), as a Whole Time Member of SEBI.
The appointment is made under the authority of Section 4 of the Securities and Exchange Board of India Act, 1992, read with Rule 3 of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992.
Shri Barua's appointment is effective immediately upon his resignation from his existing post and is on an absorption basis. The term of appointment is for a period of three years from the date he assumes charge, until he reaches the age of sixty-five years, or until further orders are issued, whichever comes first.
He will receive pay as admissible to an Additional Secretary to the Government of India, or a consolidated salary of Rs. 4,00,000 per month.
The notification was issued under F. No. 242017RE by Shashank Saksena, Adviser.
Key Entities Referenced
Securities and Exchange Board of India Act, 1992: A financial law that empowers the Securities and Exchange Board of India.
Securities and Exchange Board of India Terms and Conditions of Service of Chairman and Members Rules, 1992: Rules governing the service terms of the Chairman and Members of the Securities and Exchange Board of India.
Anant Barua: Appointed as Whole Time Member, Securities and Exchange Board of India.
Securities and Exchange Board of India: Regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance , Government of India.
Ministry of Finance: The Indian government ministry responsible for the country's finances.
Department of Economic Affairs: A department within the Ministry of Finance.
New Delhi: The location of notification publication.
Shashank Saksena: Adviser, Ministry of Finance
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[फा. सं. 2/4/2017-आरई]
शशाकं स$सेना, सलाहकार
MINISTRY OF FINANCE
(Department of Economic Affairs)
(FINANCIAL MARKETS DIVISION)
NOTIFICATION
New Delhi, the 30th July, 2018
S.O. 3730(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 Anant Barua,
Executive Director, Securities and Exchange Board of India to the post of Whole Time Member, Securities and
4400 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II —SEC. 3(ii)]
Exchange Board of India on immediate absorption basis subject to him resigning from the existing post, 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 of Rs. 4,00,000/- per month.
[F. No. 2/4/2017-RE]
SHASHANK SAKSENA, Adviser
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.