The Securities and Exchange Board of India on Thursday said it planned to induct four new executive directors, who would replace some key incumbent directors handling important departments like mutual funds and secondary markets. Starting the process, Sebi invited applications for four posts of EDs, including one for legal affairs.
The remaining three would be inducted for various regulatory roles at Sebi. Besides the four new executive directors, the three-year terms of two whole-time directors, M S Sahoo and K M Abraham, are also ending next month and the government has begun the process of finding replacements.