Sebi, RBI and Irdai: How financial regulators are appointed and removed

Major financial regulators have similar provisions for the establishment of their main governing bodies and exit rules.

There have been calls for the resignation of Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch amid employee disputes and allegations of irregularities by Hindenburg Research, which she has denied. The allegations came after a Sebi probe into the short-seller’s allegations against the Adani group, with allegations the group has refuted.

Sebi is staffed by people who are “persons of competence, integrity and standing who have demonstrated their ability to resolve issues related to