India, Feb. 21 -- The term of the current chairperson of the Securities and Exchange Board of India (Sebi) comes to an end on February 28, 2025. On January 27, 2025, the Government of India invited applications from eligible candidates for filling up the post. Even after the invitation was issued, there has been speculation on whether the incumbent would get another term or a short-term extension. The relevant rules envisage another term. However, extension is, by implication, ruled out since the rules state that the person concerned shall hold office for a period not exceeding five years, but shall be eligible for reappointment. Therefore, another term can result only by way of reappointment, and not by extension.

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