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<h1>Former Chief Economic Adviser Resigns as Part-Time Member of SEBI, Effective July 21, 2007, per SEBI Act 1992.</h1> The Central Government has accepted the resignation of a former Chief Economic Adviser from their position as a part-time member of the Securities and Exchange Board of India (SEBI). This decision, authorized under the Securities and Exchange Board of India Act, 1992, takes effect from July 21, 2007. The notification was issued by the Ministry of Economic Affairs, Capital Markets Division, on August 3, 2007.