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of <h1>SEBI Administrator Must Be Insolvency Resolution Professional, Conflict-Free, and Empanelled by SEBI Under Specific Regulations</h1> The eligibility criteria for appointing an Administrator under the Securities and Exchange Board of India (SEBI) regulations require the individual to be registered with the Insolvency and Bankruptcy Board of India as an Insolvency Resolution Professional and empanelled by SEBI. The appointment must not be objected to due to doubts about the individual's independence or impartiality, with conflict of interest issues resolved by the Recovery Officer. The Administrator must provide an undertaking of no conflict of interest with relevant parties and disclose any conflicts during their tenure. The Administrator is considered a public servant under specific legal provisions.
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