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of <h1>SEBI Board Structure: Chairman Plus Seven Members Including Finance Ministry and RBI Representatives Under Section 4</h1> Section 4 of the Securities and Exchange Board of India Act, 1992 establishes the composition and management structure of the regulatory board. The board comprises a chairman, two members from the finance ministry and companies act administration, one member from the reserve bank, and five additional members with at least three being full-time appointees. The central government appoints the chairman and additional members, while ministry and reserve bank nominate their respective representatives. All appointees must demonstrate ability, integrity, and relevant expertise in securities markets, law, finance, economics, or related disciplines. The board exercises collective superintendence and management powers over regulatory affairs.
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