Management of the Board

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.... with Finance ^2[and administration of the Companies Act, 1956 (1 of 1956)]; (c) one member from amongst the officials of ^3[the Reserve Bank]; ^4[(d) five other members of whom at least three shall be the whole-time members,] to be appointed by the Central Government. (2) The general superintendence, direction and management of the affairs of the Board shall vest in a Board o....

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.... standing who have shown capacity in dealing with problems relating to securities market or have special knowledge or experience of law, finance, economics, accountancy, administration or in any other discipline which, in the opinion of the Central Government, shall be useful to the Board.     ****************** NOTES:- 1. Substituted vide Section 3 of the SEBI ....