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<h1>SEBI Whole Time Member's Term Extended Until December 2007 or Age 65 per SEBI Act, 1992.</h1> The Central Government has approved the continuation of an individual as a Whole Time Member of the Securities and Exchange Board of India (SEBI) from September 1, 2006, to December 14, 2007. This decision is made under the authority of the Securities and Exchange Board of India Act, 1992, and the related rules regarding the terms and conditions of service for SEBI's Chairman and Members. The extension will remain in effect until the specified date, the individual reaches the age of 65, or further orders are issued, whichever occurs first.