The Securities and Exchange Board of India (SEBI), established as a statutory body by an Act of Parliament to regulate and promote the securities market and protect investor interests, has invited applications from Indian citizens for the post of Officer Grade A (Assistant Manager).
This opportunity offers a career path in regulatory legal practice and requires candidates to proceed through a rigorous three-stage selection process.
Table of Contents
Total Posts and Reservation Details
There are a total of 20 posts reserved for the Legal Stream. The vacancies are categorized as follows:
| Category | Number of Posts |
|---|---|
| Unreserved (UR) | 9 |
| Other Backward Classes (OBC) | 3 |
| Scheduled Castes (SC) | 5 |
| Scheduled Tribes (ST) | 1 |
| Economically Weaker Sections (EWS) | 2 |
| Total | 20 |
One position is reserved horizontally for Persons with Benchmark Disabilities (PwBD) specifically identified for Deaf and Hard of Hearing (D & HH).
Eligibility Criteria
Candidates must meet both educational and age criteria as stipulated in the notification.
Mandatory Educational Qualification
A Bachelor’s Degree in Law from a recognized University/Institute is the mandatory educational qualification for the Legal Stream.
Desirable Experience
While not mandatory, SEBI considers the following experience desirable for the Legal Stream: Two years post qualification experience as an Advocate (including experience as an associate in an Advocate’s or Solicitor’s Office or Law firm) after being enrolled under the Advocates Act, 1961. This desirable experience must be obtained on or before November 28, 2025.
Candidates in the Legal Stream who possess relevant post-qualification experience will be given due weightage up to a maximum of 3.75 marks during the Phase III Interview process.
Age Limit
A candidate must not have exceeded the age of 30 years as on September 30, 2025. This means the candidate must have been born on or after October 01, 1995. Age relaxations are applicable for reserved categories (SC/ST/OBC/PwBD/Ex-servicemen).
Important Dates
The selection process involves three distinct phases: Phase I, Phase II, and Phase III (Interview).
| On-Line Application and Payment of Fee | October 30, 2025 – November 28, 2025 |
| Phase I On-Line Examination | January 10, 2026 |
| Phase II On-Line Examination | February 21, 2026 |
| Phase III Interview | Dates will be intimated |
Pay Scale & Compensation for SEBI Legal Officers
The pay scale for officers in Grade A is defined as ₹62500 – 3600 (4) – 76900 – 4050 (7) – 105250 – EB – 4050 (4) – 121450 – 4650 (1) – 126100 (spanning 17 years).
Presently, the gross emolument for the minimum of this scale in Mumbai is approximately ₹1,84,000/- per month without accommodation and ₹1,43,000/- per month with accommodation.
Successful candidates recruited shall undergo a probation period of two years. Other benefits, such as Leave Fare Concession, Medical Expenses, Knowledge Upgradation Allowance, and subsidized lunch facility, are admissible to Grade A Officers.
Detailed Selection Process: Phase I, Phase II, and Interview Weightage
The selection mode is a three-stage process: Phase I (on-line screening), Phase II (on-line examination), and Phase III (Interview).
Phase I Examination (Screening)
Phase I is an online screening examination consisting of two papers of 100 marks each, scheduled for January 10, 2026.
- Paper 1 (60 minutes): Multiple-choice questions (MCQs) covering General Awareness, English Language, Quantitative Aptitude, and Test of Reasoning. A minimum cut-off of 30% is required for Paper 1.
- Paper 2 (40 minutes): Multiple-choice questions (MCQs) focused on the Specialized subject related to the Legal Stream. A minimum cut-off of 40% is required for Paper 2.
- Aggregate Cut-off: Candidates must achieve an aggregate cut-off of 40% in Phase I to be shortlisted for Phase II. There is a negative marking of 1/4th of the marks assigned per question for both papers in Phase I.
Phase II Examination
Phase II is an online examination held on February 21, 2026, consisting of two papers of 100 marks each.
- Paper 1 (60 minutes): English (Descriptive Test) to assess drafting skills (Maximum Marks: 100, Cut-off: 30%, Weightage: 1/3rd).
- Paper 2 (60 minutes): Specialized Subject related to the Legal Stream (Maximum Marks: 100, Cut-off: 40%, Weightage: 2/3rd). This paper comprises:
- 70 Multiple Choice Questions of one mark each.
- 3 Descriptive Questions of 10 marks each on the Specialized subject (Answers must be typed using a keyboard).
- Aggregate Cut-off: Candidates must secure an aggregate cut-off of 50% in Phase II (considering the 1/3rd and 2/3rd weightage) to be shortlisted for Phase III. Negative marking (1/4th) applies to the MCQs of Paper 2 in Phase II.
Phase III (Interview)
Only shortlisted candidates are called for the interview.
- The weightage of marks obtained in Phase II is 85%, and marks obtained in the interview are given a weightage of 15%.
- Candidates may opt for the interview in either Hindi or English.
- An additional weightage of up to 3.75 marks (25% of the 15% interview weightage) is given to candidates in the Legal Stream with relevant post-qualification experience.
SEBI Legal Stream Syllabus Highlights (Phase I & II)
The specialized syllabus for the Legal Stream is detailed separately for Phase I and Phase II.
Phase I Legal Syllabus Topics
Phase I focuses on foundational and statutory law subjects, including:
- Constitution of India (specific Parts and Articles).
- Contract Law (Indian Contract Act, Sale of Goods Act, Indian Partnership Act, Specific Relief Act).
- Code of Civil Procedure, 1908 (specific Parts and Schedule I).
- Administrative Law.
- Jurisprudence and Interpretation of Statutes.
- Transfer of Property Act, Arbitration and Conciliation Act, The Limitation Act, Law of Torts, and Consumer Protection Act, 2019.
Phase II Legal Syllabus Topics
Phase II shifts focus significantly toward regulatory and corporate laws.
- Criminal Law (Bharatiya Nyaya Sanhita, 2023, and Bharatiya Nagarik Suraksha Sanhita, 2023).
- Law of Evidence (Bharatiya Sakshya Adhiniyam, 2023).
- Corporate Laws (Companies Act, 2013, Limited Liability Partnership Act, 2008, and Insolvency and Bankruptcy Code, 2016).
- Securities Laws (Securities Contracts (Regulation) Act, 1956; SEBI Act, 1992; Depositories Act, 1996; SEBI Regulations including PFUTP, Takeovers, and Insider Trading Regulations).
How to Apply Online for SEBI Legal Officer Post
Candidates must apply On-Line through the SEBI website, www.sebi.gov.in, between October 30, 2025, and November 28, 2025. No other mode of application will be accepted.
- Application Fee: Candidates under the Unreserved/OBC/EWS categories must pay ₹1000/- as application fee cum intimation charges + 18% GST.
- SC/ST/PwBD candidates are required to pay ₹100/- as intimation charges + 18% GST.
- Separate online applications and requisite fees must be submitted if a candidate applies for multiple eligible streams (maximum of 2 streams allowed).
Official Notification
Click Here for the Official Notification.
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