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of <h1>Finance Minister Gains Power to Nominate Two Additional Persons to SEBI Board Under Amended Rule 3(5.</h1> The Central Government has amended the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. The amendment, effective upon publication in the Official Gazette, modifies rule 3, sub-rule (5) by adding clause (e), allowing the Minister of Finance to nominate up to two additional persons. This change is part of the ongoing updates to the rules initially established in 1992 and subsequently amended in 1994, 2006, and 2009.
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