Besides, the capital market regulator is opening local offices on a pan-India basis for enhanced investor awareness and services that require additional manpower. The Securities and Exchange Board of India (Sebi) has invited applications for the post of Officer Grade A. The candidates can apply for the positions between August 12-26. Sebi would select the officers through a written examination followed by an interview. The regulator is offering an annual package of Rs 11 lakh for the post.

An independent consultant recently suggested Sebi to increase its workforce to about 1,000 employees in order to meet the future manpower requirement to take the full ownership of regulatory oversight of all investment schemes besides staff requirement in regional offices as well as local offices. The staff strength also needs to be enhanced to meet its future role and functions.