The Indian government has commenced the recruitment process for two whole-time members (WTMs) of the Securities and Exchange Board of India (Sebi) as the terms of Amarjeet Singh and Kamlesh Chandra Varshney are set to conclude in September 2023. The Department of Economic Affairs (DEA) has issued a vacancy circular inviting applications by June 30, emphasizing the need for candidates with high integrity and over 20 years of professional experience in fields relevant to Sebi's functions. The preferred age range for applicants is between 45 and 60 years, and reappointments are possible, provided candidates are under the age of 65. The appointments will be made based on recommendations from the Financial Sector Regulatory Appointments Search Committee (FSRASC), which may also consider individuals who have not formally applied. The WTMs will play crucial roles in Sebi's leadership, influencing policymaking, enforcement, and market development, with salaries set at ₹5 lakh per month or equivalent to an additional secretary's pay, excluding additional benefits.