SEBI Grade A Law Officer Exam: Dates, Application, Eligibility & Exam Pattern

According to the SEBI Grade A Officer Recruitment notification, the organisation is all set to recruit candidates for the position of Legal stream. So, interested candidates can submit their applications from 22nd June 2023 until 09th July 2023.

The Securities and Exchange Board of India (SEBI) is a regulatory organisation for the Indian securities market headquartered in Mumbai. It aims to protect investors' interests in securities and promote the development of the securities market.

This article discusses the SEBI Exam in detail with eligibility criteria, age relaxation, and exam dates.

About the SEBI Exam

This exam is conducted once a year in three stages, i.e. Phase I, Phase II and the Interview round. Basically, Phase I & II consist of Paper I and Paper II wherein Paper I tests your logical & analytical reasoning and Paper II tests your legal knowledge 

IMPORTANT DATES TO REMEMBER

Number of Posts for SEBI Grade A Law Officer

SEBI invites applications from Indian citizens for the post of Officer Grade A (Assistant Manager) for the Legal Stream. SEBI reserves the right to fill up the posts or not to fill up the posts at all.

* Indicates backlog vacancies.
@ Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation.

SEBI Grade A Law Officer – Age Limit (as of 31st May 2023)

A candidate must not have exceeded 30 years of age as of May 31st, 2023, i.e., the candidate must have been born on or after June 01, 1993. However, there are a few relaxations available.

Age Relaxation

The upper age limit prescribed above will be relaxable for these categories:

SEBI Grade A Online Application 2023

The SEBI Grade A Application form was made available on the website on 22nd June 2023 for the Legal Stream. Do not forget to check your eligibility before you apply. 

Detailed Guidelines for Online Application

1. Application Registration

• Visit the official website. 

• Scan the photograph and signature, ensuring that both the photograph and signature adhere to the required specifications as given under the Guidelines for uploading of photograph & signature scan.

• The left thumb impression should be properly scanned. (If a candidate does not have a left thumb, he/she may use his/ her right thumb for applying)

• Scan the handwriting declaration, ensuring that the document complies with the required specifications as provided under the Guidelines for uploading handwriting.

The text for the handwritten declaration is as follows:

"I, (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true, and valid. I will present the supporting documents as and when required."

• The candidate must have a  personal email ID and mobile number that should be kept active till the completion of this Recruitment Process.

2. Application Procedure

• To register an application, choose "CLICK HERE FOR NEW REGISTRATION" on the website. Enter your Name, Contact details, and Email-ID.

• The system will generate a Provisional Registration Number and Password, which the candidate must note down the Provisional Registration Number and Password.

• An Email & SMS indicating the Provisional Registration number and Password will also be sent.

• There’s another good feature, unlike many other exams, just In case you cannot complete the application form in one go, you can save the data already entered by choosing the "SAVE AND NEXT" tab. Before submission of the online application, use the "SAVE AND NEXT" facility to verify the details in the online application form and modify the same if required.

• Your name and the name of your Father/ Husband etc. must be spelt correctly in the application as it appears in the Certificates/ Mark sheets. Any change/alteration found may disqualify the candidature.

• Validate your details and Save your application by clicking the "VALIDATE YOUR DETAILS" and "SAVE & NEXT" buttons.

• You can proceed to upload a Photo, Signature, Left Thumb Impression, and handwriting declaration as per the specifications given in the Guidelines detailed under point "C" given below.

• The photograph must be a recent passport-size colour picture (4.5cm × 5cm). It must be colored and the size should be between 20kb-50kb and for handwriting declaration size of the file should be 20kb – 50 kb.

• You are advised to carefully fill and verify the details & then click on the "FINAL SUBMIT" BUTTON.

• Click on the "PAYMENT" Tab and proceed with payment.

• Click on the "SUBMIT" button.

SEBI Grade A Law Officer Exam Pattern

Mode of selection shall be a three-stage process i.e. Phase I (on-line screening examination consisting of two papers of 100 marks each), Phase II (on-line examination consisting of two papers of 100 marks each) and Phase III (Interview).

a. Phase I On-Line Examination:
An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held on August 05, 2023. The exam will consist of:

There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in Phase I.
ii. There shall be a cut-off of minimum 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.
iii. Candidates would need to secure separate cut-off in each paper as mentioned at (ii) above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for Phase II examination process and will not be counted for final selection of the candidates.
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iv. Subject to the criteria mentioned at (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. List of candidates shortlisted for Phase II will be made available on SEBI website.
Syllabus for Paper 2 in Phase I is available in the Annexure to this advertisement.

b. Phase II On-Line Examination:
An on-line examination consisting of two papers of 100 marks each will be held on September 09, 2023. The papers shall be as follows:

Candidates shortlisted for Phase II will be issued new Hall Tickets.
ii. There shall be negative marking (1/4th of marks assigned to the question) for Multiple Choice Questions (MCQs) of Paper 2 in Phase II.
iii. There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.
iv. Candidates would need to secure separate cut-off in each paper as mentioned at (iii) above as well as aggregate cut-off marks of 50% in Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
v. Subject to the criteria mentioned at (iv) above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. List of candidates shortlisted for Interview will be made available on SEBI website.

Note: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
Syllabus for the papers in Phase II is available in the Annexure to this advertisement.

c. Interview:
i. Only the shortlisted candidates of Phase II will be called for interview. Application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. Candidate may opt for interview either in Hindi or English. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall be given a weightage of 15%. However, due weightage up to a maximum of 1.5 marks (i.e. 10% of 15) will be given to candidates with relevant post qualification experience as mentioned above.
ii. The details of weightage of marks during the interview are as indicated below:

iii. Only those candidates who fill details of relevant post qualification experience while filling the online application form shall be considered for awarding due weightage marks during the interview.

Note: Candidates should have the relevant post qualification experience as on the last date of filling online application to be eligible for the marks earmarked for Post Qualification experience. Candidates would be required to provide experience certificate in support of the same as and when sought by SEBI (before the interview stage). In case if it is found that the candidates were not eligible for post qualification experience and has knowingly furnished incorrect or false particulars or fake certificates in this regard, their candidature will be liable to be cancelled at any stage of the selection process. If the candidate qualifies in the selection process and subsequently it is found that he/she does not possess the relevant post qualification experience, his/her candidature will be cancelled and if appointed, the appointment would be terminated without any notice or compensation. SEBI reserves the right to modify the selection procedure, if deemed fit.

SEBI Exam Fees

SEBI Grade A Law Officer 2023 Syllabus

Refer this PDF Page No. 18 for updated syllabus.

Salaries & Allowances

a. Probation: The successful candidates recruited for the Officer Grade ‘A’ post shall undergo probation of two years. The candidates shall be confirmed in the services of SEBI subject to their satisfactory performance during the probation period.
b. Pay: The pay scale of officers in Grade A is ₹ 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years).
Presently, the gross emolument including SEBI’s Contribution towards National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance, Learning Allowance, Special Grade Allowance, Special Compensatory Allowance, etc. at Mumbai at the minimum of this scale is approx. ₹1,49,500/- p.m. without accommodation and ₹1,11,000/- p.m. with accommodation.
c. Benefits: Other benefits viz., Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility and all other benefits as admissible to an Officer in Grade A in SEBI.
d. Accommodation: Residential accommodation would be provided subject to availability.
e. Posting: The incumbent may be posted and transferred to any location in India where SEBI has its Offices. The recruited officers may be posted to any department of SEBI.

SEBI Grade A Law Officer Exam Centers

SEBI Grade A Law Officer Exam Book Reference

• Singhal’s SEBI officer (MCQs)

• R Gupta

• SEBI Officers Grade A recruitment 2023 (set of 5 books)

FAQs on SEBI Exam Questions

1. When can an appeal lie from SAT to Supreme Court?  

a) Within 90 days on any question of law 

b) Within 3 months on any question of law 

c) Within 30 days on any question of law 

d) On any question of law 

2. Which of the following cannot be qualified to be a Judicial Member of SAT? 

a) High Court Judge who has been a judge for 4 years 

b) High Court Judge who has been judge for 5 years 

c) High Court Judge who has been judge for 6 years 

d) High Court Judge who has been judge for 7 years 

3. The unpaid seller has the right of ____ on the goods in his possession if the buyer fails to pay the price. 

a) Lien 

b) Set-off 

c) Stoppage in transit 

d) Resale

4. Which of the following is NOT a method of ending or termination of a contract of sale? 

a) Agreement 

b) Performance 

c) Operation of law 

d) Breach of contract 

5. The transfer of possession of goods from one person to another is termed as: 

a) Delivery 

b) Bailment

c) Transfer of ownership 

d) Sale 

Answers: 1. d, 2. a, 3. a, 4. c, 5. a

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