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of <h1>SEBI Amendment 2018: Changes to Chairman and Member Terms, Updates Rule 3 and Rule 19A on Age Limit.</h1> The Securities and Exchange Board of India (SEBI) Amendment Rules, 2018, issued by the Ministry of Finance, modify the terms and conditions of service for SEBI's Chairman and Members. Effective upon publication in the Official Gazette, the amendment changes the terminology in Rule 3, substituting 'Member' with 'whole-time member.' Additionally, Rule 19A now includes a provision prohibiting individuals from serving as part-time members once they reach the age of seventy. These amendments are part of ongoing updates to the original 1992 rules governing SEBI's leadership.
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