Hundreds of listed companies regulated by SEBI may be paying crores of rupee in a year as salary to their CEOs, but the next chief of the market watchdog is going to get only Rs 3 lakh a month. The government has proposed a consolidated monthly salary of Rs 3 lakh for the market regulator SEBI’s new Chairman.
This translates into an annual package of Rs 36 lakh for the Securities and Exchange Board of India (SEBI) chief.
The salary package of current SEBI Chairman C B Bhave, whose term ends in February 2011, could not be ascertained.
SEBI regulates all the listed companies in the country and it is quite common for most of them to pay salaries running into crores of rupees for their CEOs and other top management personnels.