So, keeping these pre-exam jitters at bay, we have planned to guide the candidates who are preparing for the SEBI Grade A Legal Phase 2 exam, which is commonly referred to as the SEBI Grade A Legal Mains. Here, we’ll discuss a systematic study plan targeted for the SEBI Grade A Legal Phase 2 syllabus, along with suggested sequences to tackle topics comprehensively. After following this comprehensive plan, candidates can strengthen their basic understanding of essential subjects, familiarize themselves with SEBI Grade A Legal Phase 2 previous year question papers, and practice with SEBI Grade A Legal Phase 2 mock tests.

Be it download of a SEBI Grade A Phase 2 legal question paper PDF for practice or finding insight into how you should make the most out of the SEBI Grade A Legal Phase 2 Mock Test Series, this guide will endow you with the right resources and strategies that you need to succeed.

SEBI Grade A Legal Phase 2 Exam Pattern

The SEBI Grade A Legal Phase 2 Exam Pattern is designed to test overall proficiency in legal concepts, regulatory laws, and financial regulations pertinent to the SEBI. This is the Mains stage for the SEBI Grade A Legal Officer recruitment process, and it appears only to those who have cleared the Phase 1 exam. Thus, knowing the SEBI Grade A Legal Phase 2 exam pattern will help students in effective study planning and time management.

The SEBI Grade A Legal Phase 2 syllabus is divided into two papers: Paper 1 and Paper 2. Each paper is built to assess knowledge in a different area. The Paper 1 descriptive English paper carries 100 marks for the examination of written communication skills. Questions in the paper carry essay writing, précis writing, and reading comprehension. This is primarily done to evaluate the candidate’s ability to express ideas clearly and precisely-an essential skill for a SEBI Legal Officer.

Paper 2 of the SEBI Grade A Legal Phase 2 exam tests one’s core knowledge regarding specific legal subjects, and this paper also carries 100 marks. This paper will be fully based on the syllabus for the SEBI Grade A Legal Phase 2. The papers carry a diverse range of legal subjects related to the SEBI grade such as securities law, constitutional law, contractual law, and other related regulatory frameworks. Questions in Paper 2 are MCQ-based only. These questions test the candidates on the technical legal aspects that relate to SEBI’s regulatory functions. As a prep measure, the candidate should refer to SEBI Grade A Legal Phase 2 previous year question papers, so that he/ she understands the pattern and types of questions asked in Paper 2.

Each paper in the SEBI Grade A Legal Phase 2 Exam is equally weighted at 100 marks, and candidates must score well in both to increase their chances of progressing to the next stage. While the total marks for both Paper 1 and Paper 2 of the SEBI Grade A Legal Phase 2 exam are the same, their weightage in the overall score of the SEBI Grade A mains exam is one-third and two-thirds respectively. Practicing with resources such as SEBI Grade A Legal Phase 2 mock tests and working through SEBI Grade A Phase 2 legal question paper PDFs can provide candidates with the practice they need to excel. The allotted time for Paper 1 is one hour, while Paper 2 is to be completed in 40 minutes, enabling candidates to demonstrate both their legal expertise and their written skills within a defined timeframe.

Knowledge of the pattern of the SEBI Grade A Legal Phase 2 examination and practicing accordingly will consequently increase the chances of success for any candidate.

How can you score maximum in SEBI Grade A Legal (Descriptive English)?

An appropriate written communication with good command over language and expression is a must for a good score in the Descriptive English part of the SEBI Grade A Legal Phase 2 exam. It will check whether the ideas presented are well-knit and coherent. This is an important necessity for a legal officer. With 100 marks awarded, acing this section can really make all the difference to your final score, thus it’s really important you prepare well. Here are some tips that would help you maximize your score in the SEBI Grade A Legal Phase 2 Descriptive English paper.

1. Master Essay Writing Techniques
   The essay section forms the bulk of the Descriptive English paper; hence an excellent score here can act as a stepping stone to high overall performance. Prepare with essay writing on relevant topics that are topics of current legal, economic, and financial issues, which have daily relevance within the SEBI domain. Pay attention to structure: ensure all parts like the introduction, body, and conclusion, and that your arguments are logical and well-supported. Get an idea of what might be discussed in an essay by reviewing the of SEBI Grade A Legal Phase 2 previous year question papers.
2. Précis Writing Skills
   Précis writing tests your ability to condense information accurately and concisely, which is highly valued in regulatory work. An effective précis would convey the essence of the passage without losing critical points. For this also increases subject knowledge, try to summarize passages from various sources, particularly on legal and financial topics. SEBI Grade A Phase 2 legal question paper PDFs can be consulted to find practice material.
3. Practice your grammar and vocabulary
   Care in expression should be taken while writing this Descriptive English paper to obtain high marks. Grammar, vocabulary, and punctuation should not be ignored; otherwise, minor mistakes would decay your score. For improvement of their linguistic abilities, grammar practice, and vocabulary enrichment by reading legal articles, journals, and SEBI updates would be very useful not only for this paper but for all stages of the SEBI Grade A Legal Exam.
4. Developing an aptitude for Time Management with Mock Tests
   The time provided for the SEBI Grade A Legal Phase 2 Descriptive English paper is less. Time management becomes all the more important here, especially when you are practicing each section by using a time clock in the attempt, just like the actual test condition, so that you can plan how much time you’ll spend on the essay and précis writing along with reading comprehension as well. Taking SEBI Grade A Legal Phase 2 mock tests during the given time is an effective way to develop a sense of timing and maximize your efficiency during the actual exam.
5. Review and Analyse Previous Year Question Papers
   Analysis of SEBI Grade A Legal Phase 2 previous year question papers would give an insight into the question recurring patterns and whether or not specific topics will be given more importance by SEBI. Preparing with these question papers, fine-tune your preparation regarding areas commonly tested in the exam so that your efforts are clearly targeted and effective.

To gain maximum marks from the Descriptive English section requires constant practice and a well-set understanding of the demands of the questions. These strategies above will surely help you to present your communication skills effectively and score a good mark in the SEBI Grade A Legal Phase 2 exam.

Here is the detailed video on how you can approach this section and what should be your strategy to score maximum in this section. The cut off for this section is 30% and the weightage is 1/3^rd. This video will also prove helpful for RBI Grade B and NABARD exams.

SEBI Grade A Legal Phase 2 – Paper 2 Professional Knowledge (Legal-100 marks)

In SEBI Grade A Phase 2 Legal- Paper 2, your knowledge regarding the Legal subject will be judged. It is advised to note down the complete syllabus first and then try to cover it topic wise. To help you with the syllabus here is the full list of the topics from where the questions in Phase 2- Paper 2 will be framed.

Paper 2 of SEBI Grade A Legal Phase 2 examination is an important one for anyone who intends to get appointed as SEBI Grade A Legal Officer since it tests the knowledge that would be required for regulatory and legal roles. The paper consists of MCQs that test deep knowledge in a vast array of legal topics. For Paper 2, scoring well is essential. With a well-planned approach, you can properly cover the syllabus of SEBI Grade A Legal Phase 2 and maximise your performance. Here are some important strategies for preparing for Paper 2:

1. Deep Understanding of the Syllabus
   Paper 2 consists of a wide range of topics that are related to Securities Law, Constitutional Law, Contract Law, Criminal Law, and Administrative Law, among others, that are required to be known for SEBI as a regulator. Begin with the SEBI Grade A Legal Phase 2 syllabus and list all important topics of every section. This will help you to prioritize subjects and target high-weight topics. Referring to SEBI Grade A Legal Phase 2 previous year question papers, know what questions frequently appear so that you can make changes in your study plan.
2. Make a Study Schedule and Follow It
   A good study plan is essential. Be sure to distribute time according to the topic, dividing more detailed topics like Securities Law and Constitutional Law. You should be moving ahead to the basic level before the advanced. Regular session studies and time allocated to each field can ensure that you do not miss on covering the syllabus .
3. SEBI Grade A Legal Phase 2 Mock Tests Practice
   Mock tests are a significant source because they give the candidate an estimation of whether he is well prepared or not, identify weak areas, and work on speed and accuracy. SEBI Grade A Legal Phase 2 mock tests are actual test simulations, which could reduce exam-day anxiety, and help a candidate get familiar with the test format. Taking mocks regularly along with reviewing performance helps a candidate understand his own progress and identify areas of improvement.
4. Browse through the SEBI Grade A Legal Phase 2 Previous Year Question Papers
   The previous year’s question papers of the exam are very helpful in understanding the type of question, level of difficulty, and concentration of topics put forth in the exam. Going through the SEBI Grade A Legal Phase 2 previous year question papers will reveal patterns repeated over the years and give an idea about what SEBI focuses more on. Practicing through these papers will only enhance your familiarity with the types of questions asked and hence increase the level of confidence when approaching the exam.
5. Keep Yourself Updated with Legal Developments and Current Affairs
   Regulatory and securities laws are dynamic sectors. From time to time, there are developments and changes in the form of amendments or new statutes. To do well in Paper 2, it is essential that one keeps himself or herself abreast of recent legal developments and current affairs, within the SEBI mandate. Take note of recent judgments, changes in securities laws, or updates in financial regulations which may impact questions in the exam. You can refer to Beepedia by ixamBee for daily, weekly, and monthly updates on current affairs.
6. Revitalize Main Concepts with Good Study Material
   Good quality study material is very important for all these to be mastered in the SEBI Grade A Legal Phase 2 syllabus. One must refer to good books, legal journals, Union Budget, Economic Survey, and study materials while explaining difficult topics. One should opt for courses that have specifically SEBI legal content, as this can help study material to be good. Practice with SEBI Grade A Phase 2 legal question paper PDFs, to retain key concepts better in the memory.
7. Revise Periodically and Clear Your Doubts Revision often is necessary to retain all the legal concepts and keep one well-equipped for the examination. Spend at least one hour a week revising previously covered topics, where your weak points were and what proved difficult for you to understand. You could also try clearing your doubts by engaging in group discussions or by questioning experts.

If you strictly follow these steps and focus on structured preparation, then you may be able to strengthen your command over the material covered by Paper 2 and may go into the SEBI Grade A Legal Phase 2 Exam with much more confidence.

SEBI Grade A Legal 2022 – Phase 2 Study Plan

After noting down the SEBI Grade A Legal Phase 2 syllabus try to complete it within the time limit. In case you are confused about how much time you should give to each topic so that your whole syllabus would be covered well in time, we have curated a 27-day-wise preparation strategy. Try to follow it as it is and try to complete each day’s target. Here is the complete 27 Days timetable for SEBI Grade A Legal Phase 2 – Paper 2- Professional Knowledge.

To know the full 27 Days Preparation Strategy, watch the following video of Ms Vidhikha Bansal Ma’am. She has discussed the complete SEBI Grade A Legal Phase 2 – 27 Days Preparation Strategy in detail

It is imperative that you practice mock tests and revise what you have studied on a daily basis. ixamBee knows how Mock tests can change the game for you and therefore, we have launched SEBI Grade A Legal Phase 2 mock test series. These mock tests are absolutely free and the level of the exam is similar to the real exam. SEBI Grade A Phase 2 mocks are specially designed keeping the latest exam pattern and previous year’s analysis in mind.

You can also attempt SEBI Grade A Legal Phase 2 Previous Year Papers to know the previous year level of the exam and you can amp up your preparation accordingly. 

SEBI Grade A Phase 2 Legal- Paper 1 and Paper 2 Study Material Recommendations

Below are some valuable recommendations from ixamBee that can greatly aid your preparation for the SEBI Grade A Phase 2 Exam. These expert suggestions have been curated specifically to help candidates focus on essential areas and improve their performance. You’ll find a comprehensive and detailed list of these study recommendations outlined below, tailored to support your preparation for the SEBI Grade A Legal Phase 2 in the best way possible.

Try to follow the 27-day strategy with focus and dedication. In case you have doubts about doing it on your own and need help, you can join us through SEBI Grade A Legal Phase 2 Online Course. This course has short and crisp videos accompanied by study notes in PDF format. It has just what you need to crack the exam. You can also try the demo of this course.

More than 200 video lessons are well-blended with extensive study notes over 150+ to ensure easy references and revision. The collection of study material across every stage of preparation helps candidates prepare through the SEBI Grade A Legal Phase 2 course. The course gives 10 practice tests only for Phase II Paper 2 (Law) and an extra 5 practice tests for Phase II Paper 1 (Descriptive English), thereby giving targeted practice in both aspects. The course also contains 50+ chapter and section tests, hence enabling focused practice on a single topic or section. To make self-study easy for them, these candidates can take live classes along with the experienced faculty members and make clarification of their doubts easy while engaging them in discussions and expert tips on SEBI Grade A Legal Phase 2 requirements.

Also, do check out our YouTube channel- ixamBee which has a lot of videos regarding SEBI Grade A Legal 2025 preparation.

Conclusion

The SEBI Grade A Legal Phase 2 exam is a crucial step for aspiring SEBI Legal Officers, demanding a thorough understanding of legal principles and an ability to apply them effectively. By diligently following the syllabus, practicing with mock tests and previous year question papers, and enhancing exam skills, candidates can maximize their potential for success. The resources and strategies outlined in this blog provide a solid foundation for effective preparation, helping you approach the exam with confidence and clarity.

SEBI Grade A Legal Phase 2 Prep FAQs

1. What is the SEBI Grade A Legal Phase 2 Exam and why does it matter?
   This SEBI Grade A Legal Phase 2 Exam is an important selection phase for SEBI Grade A Legal Officers, which examines specific legal knowledge of the candidates. Success in this phase is highly critical as it directly settles the eligibility for final selection, testing the requisite expertise for effective functioning within the regulatory environment of SEBI.
2. What are the topics included in the SEBI Grade A Legal Phase 2 syllabus?
   The syllabus of the SEBI Grade A Legal Phase 2 covers topics like Securities Law, Contract Law, Constitutional Law, Criminal Law, Administrative Law, and related topics. Each and every topic is important for the SEBI regulation. Knowledge of these subjects will support well with the legal domain-specific questions of the exam.
3. How do I access the SEBI Grade A Legal Phase 2 previous year question papers?
   SEBI Grade A Legal Phase 2 previous year question papers are available on ixamBee, which can give you a visualization of how the questions are framed and how difficult they are in terms of understanding. It also gives an idea about the key focus areas so that your learning approach can be accordingly targeted.
4. What would be the ideal strategy for preparation for SEBI Grade A Legal Phase 2 Paper 2?
   Prepare your SEBI Grade A Legal Phase 2 syllabus, practice with mock tests, and then refer to previous years question papers. Regular reading, good reference material, and revisions will always help you build the kind of expertise required to answer questions in a confident manner across legal-specific areas of major interest to SEBI.
5. How will SEBI Grade A Legal Phase 2 practice tests improve my grade?
   Practice the SEBI Grade A Legal Phase 2 tests as actual exams will condition you to hone your skills in time management, accuracy, and confidence. With the mock, you can find yourself in actual exam conditions, find out which areas you must do better on, and adjust your prep. They are the best performance-enhancing tool for assessing readiness for the final exam.
6. How many times do I need to revise the SEBI Grade A Legal Phase 2 syllabus?
   Regular revision is vital for retaining the extensive content in the SEBI Grade A Legal Phase 2 syllabus. Aim to review each major topic at least twice before the exam. Using notes, summarizing complex areas, and revisiting challenging sections every few days ensures a thorough grasp of the material and boosts memory retention.
7. SEBI Grade A Phase 2 legal question paper PDFs- are they helpful for the preparation?
   Yes, SEBI Grade A Phase 2 legal question paper PDFs are extremely useful as they give insight into question patterns and frequently tested topics. Reviewing these PDFs helps you understand SEBI’s approach, especially for legal knowledge questions, and prepares you to tackle similar questions more effectively in the actual exam.
8. How many practice tests should I attempt before the SEBI Grade A Legal Phase 2 Exam?
   Try at least 10 SEBI Grade A Legal Phase 2 practice tests for Paper 2 and 5 for Descriptive English. Practice more to intensify your concepts, speed up your response, and sort out areas to focus on. The more you take, the better you will understand the structure of the test, and hence, it will definitely improve your performance on the actual test day.
9. Is it important to focus on Descriptive English for the SEBI Grade A Legal Phase 2 Exam?
   Yes, the Descriptive English section is a crucial part of the SEBI Grade A Legal Phase 2 Exam, as it assesses communication and analytical skills essential for legal professionals. Scoring well here involves structuring essays, précis writing, and comprehension, all of which reflect your clarity in presenting ideas and interpretations in a professional setting.
10. How can I manage my time effectively during SEBI Grade A Legal Phase 2 preparation?
    A proper study plan including topic reviews, mock tests, and revisions would be required. Revise the complex areas in the adequate time given. Some mock tests and chapter-wise tests help in assessing pacing. Proper organization ensures balanced preparation across topics allowing you to cover the SEBI Grade A Legal Phase 2 syllabus well.

ixamBee specializes in providing expert guidance and resources for banking exams 2024, ensuring that you are well-prepared for the Upcoming Bank Exams like RBI Grade B, NABARD Grade B, IBPS SO, and more. Our courses align with the bank exam calendar 2024, covering all the essential topics. With a focus on the upcoming bank jobs, our  Previous Year Papers, BeePedia, SSC CGL, SSC CHSL, SSC MTS and other Mock Tests are designed to help you excel in upcoming banking exams.  

Also Read:

SEBI Grade A Interview 2024: Interview Preparation for General & Research Stream

NABARD Grade A Mains: How to Prepare for Descriptive ARD?

RBI Grade B DEPR: Syllabus and Study Plan

The post SEBI Grade A Legal Phase 2 2025: 27 Days Strategy appeared first on ixambee.

Through this blog, we will take you through the dos and don’ts of the SEBI Grade A Interview 2024 for the Legal stream. Therefore, we urge you to read the information provided below carefully. 

SEBI Grade A 2024 Interview

Candidates who clear the Phase 2 exam will be called for the SEBI Grade A 2024 Interview. The SEBI Grade A Interview will carry a weightage of 15 percent of the total marks. Even though the Interview carries a lesser weightage as compared to the Phase 2 weightage, it is essential to prepare well for the Interview. This is because Interview marks will be added to the Phase 2 marks for making the final merit list. Therefore, it is imperative that you start your Interview preparation right away and not wait for Phase 2 results. Moreover, starting your preparation early will give you an edge over other candidates.

SEBI Grade A Law Officer 2024: Interview Preparation Tips

Why prepare for an Interview?

An interview is the most crucial stage in the selection process of any organization and SEBI is no different. Therefore, it is imperative that you don’t take this opportunity lightly and prepare accordingly. Moreover, an Interview enables the panel to judge the candidates’ personality, mindset, attitude, and confidence.

During the Interview, you must keep three things in mind-

1. Receive

This means that you must receive and understand the question properly. Most of the time, the questions asked will have multiple elements to it. Listen to them carefully.

2. Process

After you have received the question, take a second to pause and process what is being asked and then respond with clarity.

3. Respond

Once you have processed and formulated an answer to the question, you must give a clear and coherent answer. A well-formulated and thought-out answer will show your confidence and clarity to the panel. Please make sure that you do not contradict yourself while answering the question. 

In the Interview, you will be judged on the following aspects: –

Personal Questions

• Firstly, in an interview, the objective of the panel is to test your personality and not your knowledge.
• Therefore, the intention of the panel will be to understand your personality. This will enable the panel to judge the suitability of the candidate.
• They will ask you questions with respect to your education, professional and personal background, hobbies, etc.
• A well-prepared answer to this question will enable you to create a good first impression in front of the panel. However, while preparing your answer to this question, you must ensure that it sounds natural.
• Moreover, you must try to highlight points that are not mentioned in your resume. For instance, your skills, accomplishments, etc.
• Most importantly, you must mention only those points of which you are sure of and can answer confidently.

Technical Questions

Questions related to SEBI

Since you will appear for the SEBI Grade A Interview, it is also essential to have a very good understanding of the organization that you aspire to work for. You must keep in mind the following: 

• History of SEBI (Formation, Parent Department, Child Agencies, etc.)
• Role, Objectives, Responsibilities, Powers, and Functions of SEBI
• Rules & Regulations of SEBI (SEBI like SEBI LODR Regulations, SEBI Insider Trading Regulations, SEBI SAST Regulations, etc)
• How SEBI regulates the financial markets
• Basic concepts relating to the capital market
• Know about the peer organisations- RBI, PFRDA, IRDAI and how they work together with SEBI in maintaining economic growth.

Subject Related Questions

• Be thorough with all the laws related to SEBI, like the SEBI Act, SC(R) Act, Depositories Act, and key highlights of Companies Act. 
• Moreover, you must also know the basics of Admin Law and Constitution law. 
• Fines and restrictions imposed by SEBI on various Banks and individuals.
• Read the important SAT orders.
• Have a basic understanding of the major scams that affected the securities market and led to changes in the Securities law as we know it today—for instance, the Harshad Mehta Scam, PNB Scam, Sahara Case, etc.
• Recent amendments in the SEBI Act, SC(R) Act, Depositories Act, Companies Act, IBC Act, etc.
• Furthermore, you should be well-versed with the interlinkages of the various Acts.

Job Profile Questions

You must have some idea about the job profile of a SEBI Grade A Law Officer since you are appearing for the SEBI Grade A Legal Officer Interview. There is a possibility that the panel may ask you some questions about the job profile.

The Legal Department of SEBI has three divisions. If you get selected as a SEBI Grade A Legal Officer, you may get posted in one of the departments mentioned below-

Enforcement Department- 1: 

This division is responsible for enforcing action against market misdemeanors through SEBI administrative proceedings. 

Enforcement Department- 2: 

This Department is responsible for handling Appeals against SEBI orders filed before the Hon’ble Securities Appellate Tribunal (SAT), Appeals filed against the SAT order in the Hon’ble Supreme Court, Criminal Complaints filed by SEBI in appropriate Courts and Settlement Proceedings. EFD-2 Comprises of three divisions, namely:

1. SAT Litigation
2. Prosecution Division
3. Settlement Division

Inquiries & Adjudication Department

This Department handles quasi-judicial matters, provides timely hearings, and initiates adjudication brought by the other Departments against alleged violators who are within SEBI’s disciplinary jurisdiction.   

SEBI Grade A Law Officer 2024: General Preparation Tips

Given below are some tips that will help you in your SEBI Grade A Legal Officer Interview Preparation-

• Sometimes, candidates are under the impression that an Interview is a chit-chat session with the panel. However, that is not the case. Therefore, assuming that you can crack the SEBI Grade A Interview by preparing overnight would be a mistake. We urge you to start your preparation as soon as possible.
• Practice with mock interviews to understand where you are at with your preparation. Mock Interviews will also help you in reducing your pre-interview anxiety and boost your confidence.
• Questions may also be asked from your resume. Therefore, you must review your resume and prepare a list of probable questions.
• Have a general idea about the key highlights of the Union Budget 2024-25 & Economic Survey 2023-24.
• During your interview, there may come a point where you are asked a question to which you don’t know the answer; politely tell the panel that. We advise you not to make up answers as the interviewers are experts in their fields.
• Listen to the question carefully, and do not be in a rush to answer. 
• Dress neatly and formally.
• Most importantly, focus on your body language and voice modulation. This will help you immensely on the day of the Interview.

Dos and Don’ts to Focus on Before SEBI Grade A Interview

What to Do

• Keep an Updated Resume: The first and foremost step in preparing for your SEBI Grade A Interview is to ensure you have an updated resume at your disposal. Although it might not always be required, it is essential to have your resume ready, as you may be asked to provide details from it or your biodata during the interview. Being able to respond promptly demonstrates your preparedness and attention to detail.

• Research the Organization: Before preparing for any interview, the initial crucial step is to research the organization to which you’ve applied thoroughly. In the context of SEBI, it’s imperative to have a deep understanding of the organization’s functions and stay informed about the latest developments. The interview panel may inquire about recent updates, and being well-prepared to address such questions showcases your dedication and knowledge.

• Positive Body Language and Non-Verbal Communication: While it’s natural to feel nervous when facing the SEBI Grade A interview panel, it’s vital to maintain composure and exhibit a positive attitude throughout the interaction. Non-verbal cues, such as maintaining eye contact, a firm handshake, and a pleasant demeanor, play a significant role in leaving a favorable impression. Even if you are anxious, maintaining a calm and collected demeanor conveys professionalism and confidence.

• Formal Dress Code: Another crucial aspect to consider before your interview is your choice of attire. Opt for a formal dress code, as it is of utmost importance. Your attire should be well-ironed, professional, and comfortable. Wearing casual or ill-maintained clothing may convey a lack of seriousness, so it’s essential to dress appropriately to show your respect for the interview process and the organization.

What Not to Do 

• Badmouth Previous Employers: Speaking negatively about previous employers during your SEBI Grade A interview is a significant misstep. It reflects poorly on your professionalism and can create concerns about your ability to work in a team, a crucial aspect of the SEBI Grade A role. Instead, focus on highlighting the positive experiences and skills you gained from your previous positions, which will demonstrate your ability to learn and adapt in a constructive manner.

• Falsify Information: Providing false information in your SEBI Grade A interview is a severe breach of trust and professional ethics. The selection process for SEBI Grade A officers places a strong emphasis on integrity and honesty. Falsifying qualifications, experiences, or achievements can not only result in disqualification but also damage your reputation in the industry. It is crucial to present your true qualifications and experiences honestly, emphasizing how they make you a strong candidate for the role.

• Usage of Gadgets: Using gadgets like smartphones or tablets during your SEBI Grade A interview is inadvisable. It can give the impression that you are disinterested or unprofessional, and it may divert your attention from the interview panel and questions. To demonstrate your commitment and respect for the interview, it’s essential to be fully present and engaged without technological distractions. Ensure that your devices are turned off or silenced during the interview to maintain your focus and professionalism.

• Avoid one-word answers: During your interview, steer clear of providing one-word answers. Such responses can convey disinterest and a lack of effective communication skills. Instead, strive to offer detailed and thoughtful responses that showcase your knowledge and ability to express your ideas clearly. Elaborate on your experiences, qualifications, and viewpoints to demonstrate your suitability for the SEBI Grade A role, ensuring that you answer questions comprehensively and effectively.

Sample Interview Questions

1. Tell us something about yourself.
2. Why do you want to work with SEBI?
3. As a law graduate, how will you contribute to SEBI?
4. Explain the gap in your resume. (if any)
5. What are the main functions of SEBI?
6. Explain the Sahara case in brief.
7. What are the primary laws that regulate the Securities Market, and how do they protect the interest of the investors?
8. What is the role of FPI in the financial market of the country?
9. Why is the Stock Market important for a country?
10. What is the difference between SEBI and RBI?
11. Why is there so much delay in the corporate debt market development?
12. When can SEBI pass interim orders?
13. What is an IPO, and which laws regulate IPOs in India?
14. What is a stock market bubble?
15. Why was the stock market at an all-time high during the Covid-19 pandemic?
16. Explain the Tata vs. Mistry case in brief. What was the Supreme Court’s comment on the rights of the Minority Shareholders?
17. What are Futures & Options?
18. Why does the stock market crash?
19. Are SEBI employees allowed to trade?
20. What are your strengths and weaknesses?

Interview Preparation with IxamBee

Prepare for your Interview with our panel of experts (ex-RBI, NABARD, SEBI Grade A, NHB, SIBDI, BANK PO) with our SEBI Grade A Legal Interview Online Course. Experts will help you prepare through mock interviews for all aspects of the Interview like:

• Preparation Strategy
• Technical & Behavioural Skills
• Verbal and non-verbal communication
• Relevant interview topics
• Tricks to tackle tricky questions

All the Best!

ixamBee specializes in providing expert guidance and resources for banking exams 2024, ensuring that you are well-prepared for the Upcoming Bank Exams like RBI Grade B, NABARD Grade B, IBPS SO, and more. Our courses align with the bank exam calendar 2024, covering all the essential topics. With a focus on the upcoming bank jobs, our  Previous Year Papers, BeePedia, SSC CGL, SSC CHSL, SSC MTS and other Mock Tests are designed to help you excel in upcoming banking exams.  

Also Read

NABARD GRADE A Phase 2 Exam Preparation Strategy

RBI Grade B Interview Preparation: Mistakes to Avoid

How to Crack SEBI Grade A Exam in 1st Attempt? Best Tips for You!

The post SEBI Grade A Interview 2024: Interview Preparation for Legal Stream appeared first on ixambee.

If I don’t have a background in Finance & Management, will I be able to clear the SEBI Grade A 2025 exam?

Since have not yet begun any preparation, should I skip the SEBI Grade A 2025 recruitment cycle?

I cannot write Descriptive English answers properly, should I not take the SEBI exam?

Do any of these questions sound familiar to you? Are you also burdened by these gloomy thoughts that drain the energy that you should be using for your SEBI exam preparation? If so, worry not! ixamBee is here for you! We meet with hundreds of students who have given up their preparation halfway or quit even before they have begun!! We always advise our students to approach the exam with confidence and to have faith in their capabilities.

If you’re planning to take the SEBI exam Grade A 2025 for the first time, this article has been specially prepared for you. We have highlighted some key areas and tips that will help you understand how you should approach this examination. Using these guidelines and pointers, we are sure you will certainly clear the exam in your first go by crafting a personalized SEBI Grade A exam preparation plan that is effective.

Can I Clear SEBI Grade A 2025 in My 1st Attempt?

First things first, we need to remove the elephant in the room. To answer the aforementioned question, yes you absolutely can!! While it may all look quite overwhelming at the outset, there is no reason as to why you cannot clear the exam in your first attempt if you put your mind to it. 

However, we strongly encourage you to correct your attitude first. If you have any pessimistic thoughts concerning the exam burdening you down, you should get rid of them at the earliest. Instead, channel your energy positively and once and for all make up your mind that you are going to give what it takes to leave no stone unturned in your preparation. With this attitude in mind, you will beyond doubt pass the exam with flying colours in your first attempt.

Where Do I Begin?

How to Prepare for SEBI Grade A Exam?

Before you actually begin your preparation, you must do your background research about the SEBI Grade A exam properly. 

• Take a look at the SEBI Grade A eligibility criteria to know if you are eligible to take this exam.
• Review the entire SEBI Grade A syllabus properly so you can make your preparation strategy accordingly. 
• Study the SEBI Grade A exam pattern in detail. How many phases do candidates need to go through before being finally selected? Are there interviews conducted as well? How many written papers are there? 
• Gather your resources. Which books will you refer to? Will you join a coaching class? Will you study by yourself?

These steps will form the basis of your SEBI exam preparation. This year’s SEBI recruitment cycle has come to an end and that means that the 2025 SEBI recruitment exams will take place in quite a few months. But do not wait for the SEBI Grade A notification to be released to start with your SEBI Grade A preparation.

Once you follow the above-mentioned first steps, you can start consolidating your understanding of the SEBI Grade A exam pattern and syllabus to divide the syllabus into manageable parts. You do not have to study everything at once. Instead, a crucial part of your SEBI Grade A preparation strategy should be to break down the syllabus into manageable concepts leading up to complex application based practice at a pace that you are comfortable with.

Read: How to Crack SEBI Grade A 2024 Without Coaching?

SEBI Grade A Previous Years Question Papers

We always advise aspirants to begin their SEBI exam preparation by taking a look at SEBI Grade A previous year papers. Particularly, if this is to be your first attempt, you need to review them more than anybody else. Once you have studied these papers, you will develop a fair idea of how you should go about your preparation. 

SEBI Grade A Phase I Previous Year Question Papers

SEBI Grade A Officer Phase II Paper 2 Previous Year Question Paper

The SEBI previous year papers are the most crucial components of any SEBI Grade A preparation strategy. They give one a clear idea of what all can be expected from the SEBI exam pattern and which topics carry the maximum weightage in the SEBI exam. They also allow aspiring candidates to assess their preparation levels and what all goes wrong, and what all is missing, which again is an important tool for SEBI exam preparation. However, the method not only adds confidence but also shapes time management skills, which are so important in cracking the examination.

SEBI Grade A Mock Test

It is imperative that you routinely and religiously take SEBI Grade A mock tests from time to time and evaluate your standing. It will give you a good sense of how far along you are in your preparation and what more should be done. 

Mock tests play an essential role in the SEBI Grade A preparation. It helps the student familiarize themself with the pattern of the exam, manage the time impeccably, and highlights the weak areas he needs to work on. SEBI Grade A mock tests taken at regular intervals simulate the actual examination environment; it gives a boost to confidence and helps in accelerating speed at solving problems. This helps aspirants plan their SEBI preparation so that they can be well-equipped and effective for the SEBI Grade A exam. The mock tests also enlighten students about the frequently asked questions, thus becoming essential for successful exam preparation.

SEBI Grade A Officer Phase 1 Mock Test

SEBI Grade A Officer Phase 2 Mock Test

SEBI Grade A Preparation Tips From Our Subject Experts

In order to aid you in achieving your dream, our faculty members have shared some invaluable tips that you can use during your preparation. 

Quantitative Aptitude

Quantitative Aptitude

• For Arithmetic questions within Quantitative Aptitude, some easy topics are Ages, Partnership, Percentage, Time and Work. 
• Mastering the basics of arithmetic, algebra, and geometry is crucial. Regular practice of topics like percentages, profit and loss, data interpretation, and probability will form the core of your SEBI preparation.
• Developing strong calculation techniques, such as mental math and shortcuts, is crucial in managing the time pressure during the exam. Practicing a variety of quantitative questions daily should be a key component of your SEBI Grade A preparation strategy.

English Language

• The English section plays a crucial role in determining your overall score. A solid command of grammar, vocabulary, and comprehension is essential for success. Make it a point to regularly practice essay writing, reading comprehension, and precis writing, as these are vital for the Descriptive section of the SEBI Grade A exam.
• You need to clear your basics for the English Language assessment by practicing grammar rules and exceptions. 
• Time your practice exercises.
• Extensive reading– books/ newspapers/ blogs/ social media and note down new words. 
• For the Descriptive section, practice summarizing financial news or writing essays on economic topics—critical for cracking the SEBI Grade A exam.

General Awareness

• To strengthen your SEBI exam preparation, focus on current events, government schemes, and financial news. Reviewing SEBI Grade A previous year papers will also help you identify key topics that are often repeated in the General Awareness section.
• Concepts are also asked in Phase 1 GA. So, a holistic preparation of
• Static GA questions are increasing these days so that also needs to be covered properly.
• both the phases will be beneficial. For Phase 2 of the General Stream, you need to cover the main concepts related to Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics. These need to be done much before the exam. 
• Regular MCQ practice and at least 3-4 revisions before the real exam. 
• Try to link the Current Affairs with the concepts.
• At least 4 months’ CA Magazines (6 months recommended). 
• GA can have trivial questions so need to cover all the information page by page.
• Special focus should be on Finance News. 
• In SEBI, there is a dedicated section for Finance & Banking, and Economy. 
• Revisit SEBI exam preparation materials focused on financial awareness and regulatory news to strengthen your preparation.General Awareness plays a big role in boosting overall scores, so dedicate time to mastering this section through weekly quizzes or reading compilations.

Finance 

• For Finance, focus on financial markets, accounting standards, and economic policies. Understanding SEBI’s role as a regulator and being familiar with its functions is crucial. Practicing case studies related to financial management can give you an edge in the exam.
• Focus on understanding capital markets well and its different constituents whether it be various financial instruments, derivatives, mutual funds and risks.
• Be aware of what is happening in the financial world.
• Try to understand and absorb news more along with conceptual clarity of terms.

Management

• Start thinking like a manager.
• Read the theories and basic terms in management. And then just read and practice a lot of situational MCQs.
• Management can be studied as 2 parts – one is the factual things which is about theories and styles and evolution of certain principles while the second part is logical thinking that will help one in decision making and managing. The first aspect can be studied once and then revised regularly while the second aspect requires thinking and practice.
• Practicing mock tests for Finance and Management will help you assess your understanding and identify areas where you need improvement. Including these subjects in your SEBI Grade A preparation strategy is crucial to ensure that you can handle both theoretical and practical questions effectively.

SEBI Grade A Online Course for 2025 Exam Preparation

If you want sure-fire success in the SEBI Grade A 2025 exam, join forces with ixamBee. Our SEBI Grade A Exclusive Online Course will train you for every stage of the selection process. Some features of this course are:

• 600 + video Lessons and 300+ Study Notes 
• 25 full-length Mock Tests for SEBI Grade A Phase I 
• 5 Full-Length Mock Tests for SEBI Grade A Phase II 
• 5 Descriptive English Mock Tests 
• 14,000+ Practice questions covering all the new subjects/topics introduced in SEBI Grade A Exam.
• Daily Live Online Classes 
• Guidance for Interview Round
• Live classes by the expert faculty
• One-on-One Meetings with Faculty

If you are preparing for one of the Specialist Officer exams, we have separate courses for them as well. 

IT Officer Exclusive Online Course for SEBI Grade A

SEBI Grade A Phase 2 Legal Exclusive Online Course

SEBI Grade A Rajbhasha Online Course

SEBI Grade A Research Online Course 2025

We have attached a small snippet from our SEBI Grade A Legal live class for you to see. It will help you understand how our online coaching sessions are conducted.

Some Other Tips

• Take a mock test as often as you can, preferably, every 4 days as part of your SEBI exam preparation. 
• Dedicate every alternate weekend to interview preparation. Do not take the Interview round lightly. It can make or break your entire result. For this, you should work on your body language, communication skills and articulacy as part of your SEBI Grade A preparation strategy. Additionally, you should have a proper idea as to why you would make a good candidate to shoulder this job.

SEBI Grade A Interview Preparation Course

• For General Awareness, ixamBee’s BeePedia is the holistic study resource you need. It covers all aspects of current affairs in crisp format. BeePedia is also available in Hindi. 
• Take any one day of the week off completely. Use that day to relax and rewind. 

Conclusion

In conclusion, building a solid SEBI Grade A preparation strategy is crucial to achieving success in this competitive exam. The subjects in your preparation for the exam include Quantitative Aptitude, English, Reasoning Ability, as well as any other specialized areas like Finance and Management. To help develop regular practice, SEBI Grade A previous year papers will assist you in understanding the exam pattern and difficulty level, thus making your SEBI exam preparation even more focused and effective. Revision plays a significant role, and time management should be efficient while using mock tests. This will help you increase performance in all sections and chances to crack the SEBI Grade A exam. With all this in mind, intense self-assessment and a judicious practice strategy will finally take a person on to cracking the SEBI exam with confidence and success.

Team ixamBee wishes you all the success!

How to prepare for SEBI Grade A exam while working full-time?
Balancing a full-time job and SEBI Grade A exam preparation requires a structured plan. Dedicate early mornings or late evenings to study, focus on high-priority topics, and use weekends for mock tests and revisions. Consistent efforts and time management can help you prepare effectively alongside a demanding job.

How to prepare for SEBI Grade A exam as a full-time student?
Full-time students have the advantage of flexible schedules. To maximize preparation, create a daily timetable, allot time for each subject, and integrate short breaks. Regularly attempt SEBI Grade A mock tests and review previous year papers. Early preparation will help strengthen conceptual clarity and boost confidence.

How much time is required to prepare for SEBI Grade A exam?
Preparation time varies, but ideally, 6-8 months are sufficient. Those with prior experience in competitive exams may require less time. Allocate more time to weaker areas and practice SEBI Grade A mock tests frequently to monitor progress. Consistency and revision play crucial roles in effective preparation.

What is an ideal SEBI Grade A preparation strategy?
A solid SEBI Grade A preparation strategy includes studying the syllabus comprehensively, focusing on important topics like financial markets and general awareness. Allocate time to each subject, revise regularly, and take mock tests. Analyze your performance in mock tests and improve weak areas through focused study sessions.

How to crack SEBI Grade A in the first attempt?
To crack SEBI Grade A in the first attempt, follow a well-structured preparation strategy. Begin early, focus on understanding key topics, and practice solving previous years’ papers. Time management and consistent revisions are key. Regularly taking mock tests will help you gauge your readiness and improve problem-solving skills.

How to prepare for SEBI Grade A while managing other exams?
If you’re preparing for SEBI Grade A alongside other exams, prioritize topics common to both exams. Efficiently divide your study time to cover the SEBI syllabus and devote special focus on exclusive SEBI topics like financial markets. Streamline your study schedule to incorporate SEBI mock tests and topic-wise revisions.

How to prepare for SEBI Grade A exam using mock tests?
Mock tests are crucial for SEBI Grade A exam preparation. They help improve speed, accuracy, and familiarity with the exam pattern. Attempt mock tests regularly and review your mistakes. Focus on sections where you’re weak, and ensure you’re using the tests to identify areas for improvement before the actual exam.

What are some SEBI Grade A exam preparation tips for beginners?
Beginners should start by understanding the SEBI Grade A syllabus and exam pattern. Create a clear study plan, focusing on basic concepts. Regular reading of newspapers and financial magazines will enhance general awareness. Solve previous year papers and start taking mock tests as part of your preparation strategy.

How to prepare for SEBI Grade A exam in 6 months?
To prepare for SEBI Grade A exam in 6 months, break the syllabus into manageable portions and cover each topic systematically. Dedicate the first 4 months to studying concepts and the remaining 2 months to revisions and mock tests. Prioritize important topics, and use previous year papers to familiarize yourself with the exam format.

How to balance SEBI Grade A preparation with personal life?
Balancing SEBI Grade A preparation with personal life requires discipline and planning. Set clear study goals and create a timetable that includes study time, breaks, and relaxation. Make sure to prioritize both, maintaining mental well-being while focusing on preparation. Consistent effort over time leads to success in the SEBI Grade A exam.

At ixamBee, we specialize in providing comprehensive online courses for government exams and online courses for government jobs. Our expertly designed courses for government jobs cater to a wide range of upcoming government exams. Whether you’re preparing for specific courses for government exams or seeking general guidance, ixamBee offers the resources like Beepedia previous year papers, SSC CGL, SSC CHSL, SSC MTS and other mock tests to succeed in exams like RBI Grade B, SEBI Grade A, NABARD Grade A, RRB NTPC, SSC MTS, NIACL Assistant, and more.   

Also Read

Descriptive English Preparation for SEBI Grade A Phase 2

How to prepare for SEBI Grade A Interview?

SEBI Grade A Preparation Strategy for Phase 1 (Paper 1 and Paper 2)

The post How to Crack SEBI Grade A Exam in 1st Attempt? Best Tips for You! appeared first on ixambee.

In conversation with Neha Dubey, our esteemed legal expert at ixamBee, Raghav shares the insights that guided him through his preparation and helped him achieve what he desired. Watch as we go step by step to depict how Raghav cracked one of the most competitive exams of the country. 

How it Started 

Raghav’s journey towards clearing the SEBI Grade A Legal Officer exam had not begun with the SEBI Grade A exam notification. It goes back to his law student days, since he started his final year of his bachelor’s program, Raghav had clarity about what he wanted: a legal career awaited him, and the right path had to be formed for it. 

He also had experience with legal internships by going to district courts for a while and got hands-on exposure to the processes, gaining a good understanding of legal fundamentals. This exposure not only enriched his knowledge but also strengthened his desire to take up competitive exams like SEBI Grade A Legal. 

Raghav did not wait for the SEBI notification to start preparing, nor was he religiously rote learning for the exam once the notification was out; rather, he prepared diligently with a strategy to work upon his basics to lay a strong foundation. He knew this would serve him when he plunged deep into advanced-level topics that are a must for preparation in the SEBI Grade A Legal exam. That is why from his bachelor’s onwards, he made sure to keep his concepts strong. This proactive approach turned out to be his lead, as by the time he officially started preparing for the SEBI Grade A Legal exam, he had already been well-prepared for certain topics. Raghav’s journey was not one of last-minute cramming but a well-planned and steadily pursued path to success. Let us explore it in depth. 

Preparing for SEBI Grade A Legal Phase 1 

Raghav had been very practical about his strengths and weaknesses from the beginning. This proved to be extremely beneficial for him when covering the syllabus for the SEBI Grade A Phase 1 exam. He knew that while he was not exceptionally fond of Logical Reasoning and Quantitative Reasoning, he just needed the aggregate qualifying marks in the Phase 1 exam which was 40%. He instead focused on other areas and topics from the syllabus to make sure he was able to clear the first stage of the SEBI Grade A Legal selection process which he did. He focused on his strengths that were the English Language and General Awareness. 

He knew that English was an essential part of all stages of the exam, and he had to practice English in more depth, sooner rather than later which laid the foundation for his success in the second phase of the SEBI Grade A exam.  

Preparing for SEBI Grade A Legal Phase 2  

With the change in the selection stage, Raghav’s preparation strategy had to change too. This means that Raghav had to adopt a more targeted and strategic approach for the second stage of the SEBI Grade A Legal examination. His preparation for the SEBI Grade A Legal Phase 2 exam was multi-dimensional in nature, with strong emphasis on both the English and the Legal of the exam. 

Raghav knew how important a role the English language plays in competitive examinations, and most importantly, in descriptive answers. He practiced his writing skills, knowing full well that clear, concise, and well-structured answers would give him an edge over his peers. In order to achieve this, he regularly practiced typing out the answers to questions and tried to simulate examination conditions so as to increase his speed and accuracy. Further, reading the newspaper on a daily basis became a routine for Raghav that not only kept his language skills but also his general awareness up to date with what is going on around him. 

For the legal portion of the SEBI Grade A Phase 2 exam, Raghav has largely depended upon reading bare acts and ixamBee’s study notes that were a part of the ixamBee SEBI Grade A Legal Online Course he had joined. The notes of the course provided a clear, structured overview of the legal concepts. This was especially important with the new additions and changes in this year’s SEBI exam. His preparation did not stop at merely learning the theory behind it-Raghav also prepared for how he would apply this knowledge in the real world. He prepared case laws and the application of legal principles since he knew this would give an added edge to his descriptive answers. 

Knowing full well that time was of the essence, Raghav religiously started practicing with ixamBee’s SEBI Grade A Legal Phase 2 mock tests. These turned out very helpful for improving his speed and getting him used to the format of the exam. These mock tests were of immense importance in refining his strategy and boosting his confidence, too, as he did not have the advantage of starting from scratch. Concrete study, practical application of theory, and consistent practice through mock tests played an important role in his success in SEBI Grade A Legal Phase 2. 

Clearing the Final SEBI Grade A Legal Exam Stage: The Interview 

Getting to the interview stage of the SEBI Grade A Legal exam represents one’s hard work and the fact that the candidate knows the theoretical concepts required for this examination. However, clearing this final stage was beyond the book knowledge. Raghav realized that it is all about confidence, personality, and presence of mind. 

According to him, if he has reached the interview, the theoretical concepts have already been acquired. This would help him in answering questions put forth by the interview panel. At this level, what really differentiates a candidate is the confidence and the way he or she presents himself before the interviewer. Honesty and truthfulness are critical during the SEBI Grade A Legal Interview according to Raghav. He insists that the attitude you will show during the interview will greatly determine its outcome. It is not only what you say but how you say it. Effective communication and conversing confidently and professionally contribute a lot to success in the interview. 

Raghav also mentions conversational English, which becomes necessary as it helps you express your views in a coherent and correct manner while the interview is going on. Apart from just looking at your knowledge, the interviewers will look at how well you communicate and how you will keep your calm in the situation. Raghav’s strategy for facing the interview was to be genuine, keep the level of confidence high, and let the interviewer have a glimpse of his personality. 

Besides this, the focus on soft skills, along with thorough preparation, finally helped Raghav clear the final stage of the SEBI Grade A Legal exam and come closer to his dream career. The resources from the ixamBee’s SEBI Grade A Legal Online course helped him every step of the way in some form or the other.  

Conclusion 

Raghav’s journey to becoming a SEBI Grade A Legal Officer is a testament to the power of dedication, strategic preparation, and the right guidance. From building a strong foundation during his bachelor’s degree to mastering the complexities of the SEBI exam with the help of ixamBee’s resources, Raghav has shown that success in competitive exams is within reach for those who are committed to their goals. To get a better idea of Raghav’s journey you can watch his discussion with Ms. Neha Dubey on our YouTube channel.

With 12 out of 25 students enrolled in our SEBI Grade A Legal course clearing the exam of 2023, you can rely on ixamBee for your competitive exam preparation. If you’re aiming for success in competitive exams, ixamBee is here to help you every step of the way, just as it did for Raghav. Your journey to success can start today with ixamBee. Let us be your partner in achieving your dreams. 

ixamBee, specializes in providing expert guidance and resources for banking exams 2024, ensuring that you are well-prepared for the upcoming bank exams like RBI Grade B, NABARD Grade B, IBPS SO, and more. Our courses align with the bank exam calendar 2024, covering all the essential topics. With a focus on the upcoming bank jobs, our  previous year papers, Beepedia, SSC CGL, SSC CHSL, SSC MTS and other mock tests are designed to help you excel in upcoming banking exams.   

The post SEBI Grade A Legal Success with ixamBee: Talking with Raghav appeared first on ixambee.

On the other hand, PFRDA or Pension Fund Regulatory and Development Authority is also a regulatory body which works towards the promotion and development of an organized pension system to cater to the old age income needs of the people. The PFRDA works under the Ministry of Finance.

Both SEBI and PFRDA are considered as important regulatory bodies in India because of the role they play in the growth and development of the economy. Therefore, to ensure a smooth functioning of these organizations both SEBI and PFRDA conduct recruitment drives regularly to recruit eligible candidates in Grade A (Assistant Manager) for various streams including the Legal stream. Hence, SEBI Grade A and PFRDA Grade A is a golden opportunity for law graduates who are seeking a career in the regulatory and development authorities.

In today’s article, we will shed some light on the similarities and differences between SEBI Grade A Legal and PFGRA Grade A Legal exam. If you are still confused about which one to choose, we would encourage you to stay till the end.

SEBI Grade A Legal & PFRDA Grade A Legal: First Step

The Law Officer post in SEBI as well as PFRDA is an entry-level job, wherein the selected candidates will be appointed as Assistant Managers in Grade A. In short, selection in Grade A will be the first step in the professional career of the selected candidates. 

Let’s understand all the aspects of the SEBI Grade A Legal and PFRDA Grade A Legal exam in detail.

Official Notification

PFRDA Grade A Notification

The PFRDA Grade A notification for 2024 is not yet released. That however does not mean that aspirants should not work towards preparing for the exams. Aspirants need to take a closer look at the previous notification to understand more about the exam and its patterns.

SEBI Grade A 2024 Notification

Similarly, the SEBI Grade A Notification 2024 was released on June 11, 2024. Moreover, the Phase 1 exam, as per the notification has been scheduled to take place on 27 July, 2024 while Phase 2 exam is tentatively scheduled to take place on August 31, 2024.

Exam Pattern

The SEBI Grade A Legal exam pattern and the PFRDA Grade A Legal exam pattern are quite similar. However, there is a slight difference in the minimum qualifying marks of PFRDA Grade A Legal. Both the exams will be held in three phases-

Let’s look at the Phase 1 and Phase 2 exam pattern of SEBI Grade A and PFRDA Grade A in detail.

Phase 1 Exam Pattern

The Phase 1 exam of SEBI Grade A and PFRDA Grade A will be qualifying in nature. Furthermore, the exam pattern of both the exams is the same.

SEBI Grade A Legal

PFRDA Grade A Legal

Phase 2 Exam Pattern

The Phase 2 pattern of both exams is the same as well. Take a look at the Phase 2 exam pattern below-

SEBI Grade A Legal

PFRDA Grade A Legal

Similarities and Differences in Phase 1 and Phase 2

• In SEBI Grade A Legal, the candidates have to score a minimum cut-off i.e 1/3rd and 2/3rd in Phase 1 as well as Phase 2 to qualify for Phase 3 i.e. Interview. Whereas, in PFRDA Legal you will have to secure separate cut-offs in each paper as well as overall cut-off marks in Phase 1 and Phase 2, which will be decided by the Authority.
• In PFRDA Grade A Legal exam, the total number of questions to be asked are also specified in the notification, whereas, SEBI provides a separate information handout for the same prior to the exam.
• The PFRDA Grade A Legal Phase 2 to Interview ratio is the same as SEBI Grade A Legal exam i.e. 85:15.

Syllabus

The PFRDA Grade A Legal syllabus is largely similar to the SEBI Grade A Law Officer syllabus. However, there are two additional subjects in the syllabus of PFRDA Grade A Legal exam i.e. PFRDA Act, 2013 and IRDAI Act, 1999. 

Eligibility Criteria

One essential thing to check before you apply for the SEBI Grade A Legal and PFRDA Grade A Legal exam is the eligibility criteria. Luckily, the SEBI Grade A Legal and PFRDA Grade A Legal eligibility criteria for both the exams are the same. 

Educational Qualifications

To be eligible for the SEBI Grade A Legal and PFRDA Grade A Legal, you must be a Graduate in Law. Moreover, no post qualification experience is required to apply for this post. Therefore, it is a great opportunity for freshers as well.

Age

The age criteria for both the exams is the same as well i.e. candidates must not have exceeded the age of 30 years. Furthermore, SEBI and PFRDA also provide a relaxation in the upper age limit for candidates belonging to the reserved categories.

Salary

One of the major reasons why the SEBI Grade A Legal and PFRDA Grade A Legal exam is popular among the young aspirants is because both these organizations offer a handsome salary package along with a dynamic work environment and respectable job profile. Let’s look at the details regarding the SEBI Grade A Legal salary and PFRDA Grade A Legal salary and additional benefits.

Career Prospects

Apart from the handsome salary package, both SEBI and PFRDA give their employees ample opportunities to grow and excel in their career. The promotions are done on the basis of performance and number of vacancies available for that post. Therefore, to work in organizations like SEBI and PFRDA would be a dream come true for any aspirant who wishes to join the government sector. Furthermore, the order of hierarchy is also the same in both SEBI and PFRDA. So, based on your performance in SEBI/PFRDA, you will be promoted in the following order of hierarchy.

Conclusion

Since the SEBI Grade A Legal and PFRDA Grade A Legal exam is very similar with respect to many aspects, it would be difficult to decide which one to choose. Ultimately, the final decision will lie with you. However, given all the similarities found in both these exams, it would be wiser to apply for both SEBI Grade A Law Officer and PFRDA Grade A Legal exam. In fact, if you are preparing for SEBI Grade A Legal 2023, you can give the PFRDA Grade A Legal 2022 exam a go. So, when the time comes to appear for the SEBI Grade A Law Officer 2023 exam, you will be well prepared for it as you will have a fair idea of what to expect on the day of the exam.

Study with ixamBee 

If you are preparing for SEBI Grade A Legal and PFRDA Grade A Legal, you can check out ixamBee’s individual courses for both these exams that will help you in making your preparation easier. Both the courses have been created by our expert faculty while keeping the latest exam pattern in mind. Some of the features of the SEBI Grade A Legal Online Course and PFRDA Grade A Legal Online Course are given below-

• Video Lessons covering the entire syllabus for conceptual knowledge clarity.
• Study Notes
• Full-Length Practice Tests
• Practice questions for the Legal stream with detailed solutions and explanations
• Doubt clarification with the subject experts 
• Interview Guidance will also be provided

To help you prepare 50% faster for competitive exams, ixamBee provides a free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD, and Other Government Jobs. 

Also Read:

SEBI Grade A VS PFRDA Grade A: Which one to choose?

Full form of SEBI & Other Details

Are SEBI Employees Allowed To Invest?

The post SEBI Grade A Legal vs PFRDA Grade A Legal: Similarities and Differences appeared first on ixambee.

Many students dreams of becoming a SEBI officer, where they can play a crucial role in the operations of trading and the stock exchange of India. Among all of this, there is one thing that left everyone buzzing over a major regulation that every SEBI employee is obliged to follow. 

In this blog, we will understand the importance of SEBI as the securities market regulator. Moreover, we will also answer a very interesting question relating to the trading in securities by SEBI employees.

Before moving further, let’s have a brief introduction about what SEBI is all about and what is its importance. 

What is SEBI?

SEBI was first established as a non-statutory body on April 12, 1988, through an Administrative Resolution of the Government of India with the objective of regulating and developing the securities market and protecting the interest of the investors. However, it was given statutory powers on January 30, 1992, with the passing of the SEBI Act 1992 by the Parliament. The SEBI Act came into force on April 04, 1992.

Why was SEBI Constituted?

SEBI was constituted because, before SEBI, the law relating to the regulation of securities was contained in different statutes. These are- the Companies Act, 1956, Securities Contract (Regulation) Act, 1956, and the Capital Issues (Control) Act, 1947. This made regulation of the securities market difficult as the legislations were scattered and the administrative agencies did not have the proper expertise to deal with the investors.

However, the Government of India conferred additional statutory powers to SEBI in the year 1995 through an amendment to the SEBI Act, 1992.

Objectives of SEBI

The preamble of the SEBI Act states the objective of the organization. They are as follows-

Structure of SEBI

The SEBI Board is managed by its members and consists of the following-

Powers of SEBI

SEBI is a very unique and powerful regulatory body because it has all three powers rolled into one single entity. These powers include-

Moreover, to ensure accountability, SEBI also provides an appeal process. An aggrieved party can file an appeal to the Securities Appellate Tribunal (SAT). SAT has the power of hearing and disposing the appeals against the orders passed by SEBI. Furthermore, a party aggrieved by the order of SAT can prefer a second appeal to the Supreme Court of India.

Functions of SEBI

Given below are some of the functions of SEBI-

Are SEBI Employees Allowed to Trade?

The securities market in India has developed manifold in the last few decades. Many people are now investing in the securities market because there is a potential of earning higher returns. During the Covid-19 pandemic, when so many people lost their jobs, the returns from the securities market offered a slight respite in the form of passive income. However, when it comes to its employees, SEBI has put several restrictions.

Now that we have understood what SEBI is and learned about its role, objectives, and powers, with respect to the securities market, let’s now look into another important aspect-

Can SEBI employees trade in the securities market?

The short answer is, No.

As per the SEBI (Prohibition of Insider Trading) Regulations, 2015, SEBI employees are prohibited from trading in securities.

SEBI issued the law of (Prohibition of Insider Trading Regulations) in 2015. Under this law, any professional acting as a KMP, board of directors, or associated with the promotor group in any way shall be prohibited from trading or investing in securities that are listed or happen to be listed in the Stock Exchange. 

The law was last amended in November 2022 with the prohibition of communication of insiders about trading to any external body or person. The restriction of SEBI Employees from trading left people curious about the potential reasons behind it. You are going to know about those reasons later in this blog. 

But before that, let us first understand the difference between Investment and Trading.

Investing

The purpose behind investing is to gradually build your wealth over an extended period of time. This is done through the buying and holding of a portfolio of stocks, mutual funds, bonds, and other investment instruments. Generally, investments are held for a period of years or even decades. This enables the investors to take advantage of benefits like interest and dividends along the way. 

Trading

On the contrary, trading deals with more frequent transactions like- buying and selling of stocks, commodities and other instruments. The goal here is to make short-term gains by buying at lower prices and selling at higher prices. This is done within a relatively short period of time.

Let us look at the provisions in detail-

Reasons for not allowing SEBI Employees to Trade

Being a regulator of the securities market, it is the duty of SEBI to provide an equal footing to investors and traders. Given below are the reasons for not allowing SEBI employees to trade-

• SEBI employees play a special role in monitoring many sensitive activities of the stock market. Therefore, the employees are exposed to a lot of confidential information. This information may be used by an official to his/her advantage by using it ahead of time. So, allowing them to participate in the securities market will create a conflict of interest between the employees and the objectives of SEBI.
• Another important point to note is that, while regulating the stock market, SEBI employees also work very closely with various companies. Therefore, the employees fall under the purview of “insider” within the meaning of Regulation 2 (1) (g) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Hence, it would be unfair to allow the employees to invest in the securities market as they would possess knowledge of unpublished price-sensitive information.
• Maintaining an efficient market is the goal of a regulatory body. An efficient market is one, where current market prices accurately present all information available to the interested parties. In an efficient market, there would be no way of “beating” the market and making a profit from mispricings, as they would not exist. Therefore, it makes sense to keep SEBI officials away from participating directly in the securities market as market manipulation will not be possible.

The above mentioned restrictions will apply only when a person is already working with SEBI. However, the situation will be different before they join SEBI.

There are three questions that come to mind when we talk about the second situation. Let us understand in detail-

Q1) What happens if your parents/spouse/in-laws invest in the securities market before you become a part of SEBI? Do they have to withdraw from the market with immediate effect once you join SEBI?

• As per Regulation 66 of SEBI (Employees’ Service) Regulations, 2001, upon joining, every employee is required to declare a statement of all their assets and liabilities within 30 days as per Section 44 (2) of the Lokpal and Lokayuktas Act, 2013.
• Moreover, every employee has to file an annual return of such assets and liabilities with the Board before July 31 of every year as per Section 44 (4) of the Lokpal and Lokayuktas Act, 2013.
• Furthermore, if an employee enters into a transaction with respect to movable properties (including securities) either in his own name or in the name of a member of his family, he has to report such transaction to the competent authority within 30 days from the date of such transaction.

Q2) What happens if the person gets married/engaged before becoming a part of SEBI? Can their spouse/fiancé still invest in the securities market?

• The fiancé/spouse may invest in the securities market, but upon marriage when he/she becomes the spouse, then all rules will apply.
• Thus, the restrictions on investments under Regulation 65 of SEBI (Employees’ Service) Regulations, 2001 will apply to the spouse/fiancé of the employee in the same manner as the employee. As such, the spouse/fiancé will not be allowed to invest in the securities Market.
• However, these restrictions are there for trading and speculation purposes only. An employee and their spouse are allowed to invest in mutual funds for long-term savings and investment purposes. 

Q3) If these violations aren’t taken care of, then what actions can SEBI take legally?

• If any employee violates any regulation, SEBI can impose penalties as per the nature of breach.
• Regulation 79 of the SEBI (Employees’ Service) Regulations, 2001 provides penalties for breach of regulations.
• The penalties are divided into minor and major penalties. Some of the minor penalties include- censure, withholding of promotion, withholding of increments of pay, etc. On the other hand, compulsory retirement, removal/termination of service, etc. are some of the major penalties.
• Moreover, Regulation 80 of the SEBI (Employees’ Service) Regulations, 2001 provides that major penalties can be imposed only after conducting an inquiry.

Conclusion

From the above discussion, we can conclude that SEBI plays an important role in protecting the interest of the investors and in the promotion & development of the securities market. For this purpose, SEBI has set up many checks and balances to promote a market that is both fair and efficient. The Prohibition of Insider Trading Act 2015, is the initiative to regularize and enhance the authenticity of SEBI and its fair functioning.

To know more about such interesting facts and information about India and its regulatory bodies. Stay updated with our daily blogs. 

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD and Other Government Jobs.

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The Securities and Exchange Board of India (SEBI) holds the key responsibility of regulating and developing the securities market in India. SEBI Grade A Legal Officer is a coveted position within the organization, ensuring the proper enforcement of regulations and maintaining market integrity. 

But what does it take to secure this role? Let’s explore the syllabus, job profile, and study material that will steer you towards success.

Job Profile for SEBI Grade A Legal Officer 

If you want to take the SEBI Grade A Legal Officer 2024 exam, it will be a good idea to understand what the job actually entails. 

• Taking care of SEBI’s legal matters
• Approving and amending stock exchange by-laws
• Inspecting accounts of stock exchanges and stockholders
• Recognizing and correcting any malpractices within the securities market
• Educating investors about the securities market
• Suspending security trading of a stock exchange
• Allowing and withdrawing recognition of a stock exchange (when required)

Moreover, it is a good idea to learn more about the Role and Functions of SEBI as an organization and its objectives if you are looking to work with SEBI in the future. 

Last year, SEBI invited potential candidates to apply for 25 vacancies of Grade A officers in the legal domain. The recruitment procedure for SEBI legal officers possesses 3 stages: Prelims, Mains, and interview. A candidate has to qualify all of them to get selected. 

The most important thing to note is that there are some major changes in the SEBI Exam Pattern and the Syllabus of the SEBI Legal Paper 2 of Phase 1 and 2 exams 2024.

Before we move on to review the syllabus, please ensure you are aware of the SEBI Grade A Legal Officer exam pattern. Last year, the SEBI Grade A Exam pattern was changed. It will be beneficial to have a look at it first. 

Refer to the following table to know the updated Exam Pattern of the SEBI Legal 2024: 

SEBI Legal Phase 1 Exam Pattern

Basically, there will be no sectional cut-off in the exam and you have to score at least 40% of the maximum marks to qualify for the SEBI Legal Phase 2 Exam. 

SEBI Legal Phase 2 Exam Pattern

Let us remind you here that this is a whole new pattern of the Phase 2 Exam announced by the Securities and Exchange Board of India (SEBI) in their official notification as per previous year. 

There will be a sectional cut-off in the Phase 2 Exam of SEBI Legal Officer. You are required to secure minimum cut-off marks in both papers to qualify for the final round of the recruitment process. 

General things to remember in papers of both phases:

• All papers are computer-based, make sure you have a fine typing speed. 
• There will be a composite time for every section you attempt.
• There will be a negative marking of 0.25 marks for every wrong answer you attempt.
• All the papers in both phases can be attempted bilingually except the language paper of English. 

SEBI Grade A Legal Officer Syllabus

With all other subjects remaining common, aspirants appearing for the Legal Officer exam will be required to take 2 papers on Professional Knowledge, one in each phase of the exam. As told you earlier, this year, there are some modifications in the Syllabus of Professional Knowledge (Paper 2) of both phases of the SEBI Grade A Legal Exam.  It is mandatory for you to know about it from the preparation perspective. 

Have a look at the detailed updated Professional Knowledge syllabus in the table below as directed in the SEBI Grade A 2024 notification. 

Updated syllabus of Paper 2 in Phase I of SEBI Grade A Legal Exam 

Updated syllabus of Paper 2 in Phase II of SEBI Grade A Legal Exam 

Here weightage is given for the indicative purpose only. This will help you in making an effective SEBI Grade A Legal preparation strategy while evaluating the volume of expected questions from a particular topic in the exam. 

Study Material for SEBI Grade A Legal Exam 2024

Your grip on an effective SEBI Grade A Legal preparation depends upon the study material you rely on. It is beneficial for you if you follow expert recommended study material. 

Books from Renowned Authors and Publishers

Here is a list of books suggested by our mentors at ixamBee, on which you can rely and make a winning SEBI grade A Legal Exam preparation strategy.

BeePedia

Being a legal student or professional, you must be already aware of the study approach for the legal/professional section. But most of the aspirants face the real challenge of preparing for General Awareness on sections containing general awareness, current affairs, and other general topics. At ixamBee, we believe in strengthening an aspirant from all perspectives and for all sections. 

Therefore we have various resources that you can benefit from, as per your need and comfort. These include mock tests, previous year papers, online courses, and BeePedia. To enhance your Current Affairs game, you can download current affairs for free from our BeePedia section. 

Mock Tests & Previous Year Question Papers

Mock tests are considered one of the most effective ways to enhance time management in your exam. There are many free mock tests available online where you can check and evaluate your preparation level. Take SEBI Grade A Legal Officer Mock Tests with ixamBee. These are free and can be retaken as many times as you like. 

Likewise, previous year’s question papers are also among the key resources to polish your understanding of the question types. Although, this year the exam pattern and syllabus have been changed you can still have a glance at the previous year’s question papers to introduce yourself with the question style. You must review SEBI Grade A previous years’ question papers so you understand which parts of the exam syllabus need more of your attention.  

Get Direct Guidance from Subject Matter Experts

The best way to dedicatedly invest time in the SEBI Grade A Exam preparation strategy is to take personalized guidance from a subject matter specialist. Yes when you get a one-on-one interactive class from mentors, you will be able to perform 50x better than others. The best way to get there is through taking an online course for SEBI Grade A Legal Exam. You can study while being in your comfy place and convenience. 

You will benefit from getting mentored by subject matter specialists from head to toe, i.e., from prelims to interviews. At ixamBee, we believe in covering the whole SEBI grade A legal officer syllabus and offering the best to every aspirant. Enrolling in such courses can be the winning move for you to succeed in your exam and become a SEBI Legal Officer.

Conclusion

SEBI legal officer exam 2024 is a great opportunity for Law professionals or students holding a Law degree. Working at SEBI is a dream for many and students prepare for it with full enthusiasm and dedication. At ixamBee, we appreciate the morale of such aspirants who are willing to conquer and perform to their full capacity. Therefore, we have a dedicated faculty who mentors every student with all their mind and heart.

Also read

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This is the time to prepare and endeavor their hard work and luck through this exam. Out of those aspirants, there will be professionals, many would be students, and many would be applying for this exam for the first time. No matter how many people will apply or should have applied for it, one thing will be common among all, that is a dream of becoming a SEBI Grade A Legal Officer. 

Why do we need a study plan for SEBI Grade A Legal Officer Exam 2023?

Many of the eligible candidates hold themselves from applying for the exam because of their preparation. We understand your nervousness, but if you’re sincere enough about something there is nothing that will stop you from getting there. For that matter, we have come up with a 60-day SEBI Legal study plan only for you structured by experts at ixamBee. 

So this blog is going to be about how you should prepare your best in these last 60 days of the exam. This study plan is for everyone who is associated with the dream of being a SEBI legal officer. Also, no matter at which level your preparation is, this study plan is going to be fruitful for you for sure. 

As you are already aware of the fact that this year, SEBI Legal has changed its marks allocation and  Phase 2 exam syllabus. It has made every aspirant at the same level as now they have to change their preparation strategy from a whole new perspective. 

This blog is going to untangle all your confusion about creating a study plan according to the updated exam pattern of the SEBI Grade A Legal Exam 2023. 

Before moving further, make yourself familiar with the Exam overview.

SEBI Grade A Legal Officer Exam Overview

The SEBI Law Officer Exam 2023 will be conducted over 3 phases;

• SEBI Grade A Online Exam Phase 1
• SEBI Grade A Online Exam Phase 2
• Interview

SEBI Legal Exam 2023 Preparation Strategy: 60 days Study Plan 

Our Legal expert at ixamBee Ms. Vidhika has curated a 60-day SEBI grade A Legal study Plan as per all the updates in Exam Pattern and Syllabus. So, forget all the worries and read this blog till the end. Even if you are a fresher means someone who is applying for this exam for the first time, you are about to get some insightful preparation strategies from this study plan. 

Here are some general instructions from the Study plan:

• The Plan is to dedicate and classify 7 to 8 hours every day to various subjects. 
• The weekend is about revising things that you have studied throughout the week. 
• While studying any particular topic you should also watch youtube videos related to it. 
• It has been advised that you should make a habit of reading daily newspapers to enhance your current affairs and general awareness game. 
• The contexts of various Acts should be at your fingertips, to accelerate your knowledge and memorizing it, always read bare acts. There should be no scope for remembering any act with any kind of wrong info about dates, years, or statements. 
• Keep on tracking notes while you read any act or law and you will eventually make a journal full of highlights containing useful information about acts.
• If descriptive English scares you, pull that fear out by reading at least one newspaper editorial daily. 
• Practice mock tests as much as possible. It will enhance your accuracy and time. 
• Read newspapers, magazines, and social media posts to level up your reading speed. You can also download current affairs for free through various online sources. 

• Please refer to the below table to get a detailed Study Plan on a weekly basis: 

SEBI Legal Exam 2023: Study Plan

Click here for the detailed SEBI Legal Study Plan

Now as you have gone through the study plan, it’s time to talk about resources through which you can kickstart your preparation. Here are some useful study materials for SEBI Grade A Legal Exam 2023. 

Study Material for SEBI Grade A Law Officer Exam 2023

SEBI Grade A Previous Year Question Papers

Previous year questions of any exam can benefit a candidate in many ways. When you prepare while glancing at previous year papers, you will become familiar with the exam structure. Before you begin, it is imperative that you study the SEBI Grade A Previous Year Papers. In the same vein, be sure to review the SEBI Grade A previous year cutoff as well.

SEBI Grade A Online Mock Test

As you can see, we have repeatedly included SEBI Grade A free mock tests in your study plan. This is because you must routinely take practice tests. Of course, this exercise is not without cause. To understand more, take a look at the benefits of taking mock tests below.

Take a look at how our users and test-takers have rated our practice series.

BeePedia for GA

To help you with your General Awareness preparation, ixamBee offers monthly/weekly BeePedia . These are also available in Hindi & English too. Moreover, these are completely free.

You can also take a free quiz for SEBI Grade A daily.

SEBI Grade A Exam Course

ixamBee offers the best study materials for SEBI Grade A 2023 exam preparation. If you would like to learn more about the course, then please take a look at the features of the SEBI Grade A Legal Officer Online Course provided for you below as well.

Furthermore, we encourage you to take a demo class with ixamBee as well.

Conclusion

Lastly, we hope this SEBI Grade A Legal Officer Study Plans helps shape your preparation as well. Additionally, if you would like to know anything more about the SEBI law officer exam 2023, please visit our website for more information.

All the best

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD and Other Government Jobs.

Also read

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This article discusses Prospectus and types. With PFRDA GRADE A 2022 mains and SEBI GRADE A 2023 exam in line, this article will give you an overall understanding of Prospectus with a detailed explanation. Also, this article will give a layman’s understanding to someone who is unfamiliar with the term “Prospectus”.

So before learning about types of Prospectus, let us know what a Prospectus is.

The prospectus is a legal document, which outlines the company’s financial securities for sale to investors. According to the companies act 2013, there are four types of prospectus, abridged prospectus, deemed prospectus, red herring prospectus, and shelf prospectus.

The prospectus can help investors make more informed investment decisions because it contains a host of relevant information about the investment or security. In areas other than investing, a prospectus is a printed document that advertises or describes an offering such as a school, commercial enterprise, forthcoming book, etc. All forms of prospectus exist to attract or inform clients, members, buyers, or investors.

Understanding Prospectus:

As per the Companies Act, 2013, a prospectus can include information such as an advertisement, circular, or notice among other legal documents inviting the public to the offering. Also, the prospectus should be issued only for the purchase of a company’s securities.

In order for a document to be considered a prospectus, it should act as an invitation for the public to purchase stocks/shares, debentures, or other instruments. Also, the prospectus should be issued by the company or an institution on behalf of the company and made solely for the public.

In case a private company wishes to convert to a public company, it is required to either issue a prospectus or file a statement in lieu of a prospectus of which the provisions are mentioned under Section 70 of the Companies Act, 2013

Essentials for a document to be called a Prospectus:

For any document to be considered a prospectus, it should satisfy two conditions. The document should invite the subscription to public share or debentures, or it should invite deposits. Such an invitation should be made to the public. The invitation should be made by the company or on behalf company. The invitation should relate to shares, debentures, or other instruments.

The Relevance of the Prospectus

Below is a few reasons why reading a prospectus is essential before investing.

You get to know more about the company: It is always wise to know all about where you put your money. This is especially true when investing in a company’s securities. Not only this can give you a better idea about the potential of the securities and the company itself, but it can also help you measure how much investing in the company is in alignment with your investment horizon. 

You get to know more about the securities: There are various securities that a company can offer to the public. This may include stocks, bonds, or even other debt instruments. Going through the prospectus can tell you more about the securities they are trying to sell you. Understanding this can help you make better investment decisions.

For instance, if you are reading a prospectus to find out more about a bond that a company is offering, you can learn about its price, type, face value, coupon rate, etc. This information can help you do your calculations before investing, making planning much easier. 

You get to know why they are raising money: There is no business that doesn’t aspire to growth. Every business owner will keep trying to expand their clientele so as not to become stagnate in a fast-growing economy. That means there will be plenty of reasons for companies to raise capital, but it is wise to check why they are raising the money before deciding to invest. This can help you understand if the company’s growth plans align with your risk appetite. For instance, if a company is raising money for an aggressive growth move, you might be better off investing in them if your investment choices are conservative. 

Prospectus and its Contents:

The prospectus contents are specified in the Companies Act. The prospectus must touch on the following content points:

1. Details of the company, such as name, registered office address, and objects
2. Details of signatories to the Memorandum and their shareholding particulars
3. Details of the directors
4. Details of shares offered and the class of the issue as well as voting rights
5. Minimum subscription amount
6. The amount payable on application, on the allotment, and on further calls
7. Underwriters of issue
8. Auditors of the company
9. Audited reports regarded the profit and losses of the company

Different types of prospectus

As mentioned above, a prospectus is a legal document as well, and the same is submitted to the Securities and Exchanges Board of India (SEBI). There are different stages that a prospectus will go through before SEBI approves one. The first stage is often the filing of a preliminary prospectus. As the name suggests, this document may only the preliminary data related to the offering. Investors can use this to gain early information about the investment opportunity to simplify the planning part. Once that is approved, the company may file a final prospectus, which SEBI will inspect. 

Now, there are different types of a prospectus that companies file, according to what security they are planning to issue. Below are some of the kinds of prospectus filings.

Red herring prospectus

Thanks to the kind of demand that the IPO market sees these days, the red herring prospectus has become a known name among many investors. For those who don’t know, a red herring prospectus is a document filed to SEBI before an IPO. During an IPO, a private company becomes public, and a lot of information has to be then disclosed to the public. Companies use a red herring prospectus to publicize this information. The document thus will contain their financials, performance numbers, goals, risks, etc., making it an ideal record for investors to dig deep and find the potential and risk in investing in the particular company. 

Shelf Prospectus

A shelf prospectus is filed when a company intends to issue bonds. Bonds are a way for companies to borrow money to raise capital from the public. Unlike lending from a bank, issuing bonds can be a more affordable option. At the same time, as far as investors are concerned, it is an opportunity to get returns through a less risky investment option.

Reading the prospectus before investing in bonds will help you better understand the same. In addition, there are important numbers such as coupon rate, face value, tenure, etc., that you should look at before investing in a bond, and all this information is available in a shelf prospectus. In the case of a shelf prospectus though, the company will not have to file another one to reissue bonds. In fact, a company can issue bonds up to four times once they issue a prospectus. 

Abridged prospectus

It is a type of prospectus that contains the list of all the prospectus and offers that the company has completed. This is for investors like you to understand more about the company and use it for research in decisions related to investment in the company.

Deemed prospectus

Under the implication of law, any document from the company that is meant to sell shares is considered a prospectus. Deemed prospectus becomes important when a company intends to bypass the SEBI laws and issue securities through an intermediary. Here, whenever the company issues securities, even when it is done through a merchant bank or a broker, the company has to issue a document of an offer for sale. This document is called a deemed prospectus. This way, the sale of securities is marked, and investors’ rights are protected even when the company is trying to sell its stocks through intermediaries.

CONCLUSION

A prospectus is basically a formal and legal document issued by a body corporate that acts for inviting offers from the public for subscription or purchase of any securities. Every public company is entitled to issue a prospectus for its shares or debentures. But, the same is not required for a private company.

Hope this article has provided you with a thorough understanding of Prospectus and the types of Prospectus which will be helpful in your future exams.

References: Clear-Tax, Edelweiss,IPleaders and Tavagapedia

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series for all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI  NABARD, and Other Government Jobs.

Also, Read

RBI and Currency Management

All About Saarthi App

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Also, in March 2020, SEBI had released its notification for recruiting Assistant Managers in various streams in Grade A, including Legal stream. With no other competitive exams in sight and nothing better to do, I decided to go for the SEBI Grade A exam. It was a government job, it paid well and most importantly, the posting would be in the state capitals. So, basically, the SEBI Grade A Legal exam met all the requirements.

Furthermore, I had taken the Commerce stream in Class 12, so, I did have a basic idea about the Securities and Exchange Board of India. However, once I started preparing for the SEBI Grade A Law Officer exam, I truly understood the role and importance of SEBI as an organization on a much deeper level. With this newfound knowledge and motivation, I nose-dived into my preparation. All the hard work and late nights paid off as I cleared both SEBI Grade A Legal Prelims & Mains with ease. It was now time to prepare for the most challenging step i.e the SEBI Grade A Law Officer Interview.

So, in today’s article, I will share my SEBI Grade A Legal exam and Interview experience and some tips to make your SEBI Grade A preparation easy. If you are planning to appear for the upcoming SEBI Grade A 2023 exam, I would sincerely urge you to go through the entire article carefully.

SEBI Grade A Legal Preparation

SEBI follows a standard three stage exam pattern i.e Phase 1 (Prelims), Phase 2 (Mains) & Phase 3 (Interview). Both Phase 1 and Phase 2 consist of two papers of 100 marks each. You need to secure a minimum cut-off in both the phases to qualify to the next stage. Phase 3 is the last and final step of the SEBI recruitment process.

Since I was appearing for the SEBI Legal exam for the first time, I was a little lost with respect to the preparation aspect. So, I wasted no time looking for some quality online resources for the same. One such reliable resource that I came across was ixamBee’s SEBI Grade A Legal Officer Online Course. This course enabled me to understand the requirements of the exam, which helped me in streamlining my exam preparation immensely.

Furthermore, as compared to Judicial Services, I found the SEBI Grade A Law officer exam comparatively easy. This is because both Phase 1 and Phase 2 consist of multiple choice questions. Moreover, SEBI has a fixed syllabus for all streams including the Legal stream, which makes the process of preparation a lot smoother as you know exactly what you need to study. Most importantly, the majority of the questions in the paper are based on the Bare Act. Therefore, for the SEBI Grade A Legal exam, Bare Acts will be your best friend. So, any law graduate who is seeking a career in the government sector, the SEBI Grade A Law Officer exam is a great opportunity.

SEBI Grade A Legal Interview Preparation

The SEBI Legal Interview was my first ever interview with a government organization, which was quite exciting and nerve wracking to say the least. So, first things first, I looked for Mock Interview courses for SEBI Grade A Law Officer Interview. This is because it is very easy to get overwhelmed and go off track in your interview preparation if you are not following a structured approach. 

For my interview preparation as well I had taken the SEBI Grade A Legal Interview Course. It is an all rounded course where you get an opportunity to learn from field experts like Sanjeev Sharma Sir (ex CGM RBI) and Sarat Malik Sir (ex CGM SEBI). I also had a one-on-one mock interview and the panel consisted of CP Mohan Sir, Sarat Malik Sir and Vidhika Ma’am. This mock interview was quite beneficial as they gave me a comprehensive performance analysis. They also pointed out the areas that I could improve on and gave me some important tips for the same.

Official SEBI Grade A Legal Interview 2020-21

My SEBI Grade A Law Officer Interview was scheduled to take place on June 08, 2021. I had chosen SEBI’s New Delhi Regional Office for the Interview. The Interview panel consisted of four members and they were all very cordial. Furthermore, my Interview lasted for around ten minutes. To give you an insight into the minds of the Interviewers, I will also share the questions that they asked me during the interview.

M1

The first Member of the panel set the tone for the Interview. The following questions were asked-

1. Introduction
2. Gap after education 
3. What is debarment?
4. What is the nature of orders passed by SEBI?
5. Who passed the order in the Franklin Templeton case? (this was in the news on the day of the Interview)
6. What is the Appeal procedure?

M2

1. Asked me just one question about the place from where I did my graduation i.e. What is the most famous place in that city?

M3

Here, I was asked questions about my Internship experiences.

1. Difference between the review and revisional jurisdiction of the High Court.
2. What are leading questions and when can they be asked?
3. What is the procedure if the witness contradicts himself in the examination-in-chief and cross examination?

M4

1. Is anticipatory bail defined in the Code Criminal Procedure, 1973?

Important Points to Remember

In this section, I would like to highlight some important points that you must keep in mind while preparing for the SEBI Grade A Legal Interview-

1. Prepare your answers properly, especially the introduction question.
2. Be thorough with technical and subject related questions (SEBI Act, SC(R) Act Depositories Act and key highlights of Companies Act)
3. Know the history of SEBI.
4. Have a basic understanding of concepts related to securities and capital markets.
5. Follow the latest news with respect to SEBI and RBI.
6. Know the key highlights of the Union Budget and Economic Survey.
7. Practice as much as you can.
8. If you are a working professional, go through your resume properly and prepare a list of probable questions.
9. Try to lead the conversation in a direction you want. 
10. Most importantly, read the newspaper on the day of your Interview.

Conclusion 

This was my SEBI Grade A Legal Interview experience in a nutshell. I hope this gives you some insight into the Interview process and helps you in your SEBI Grade A Law Officer Interview preparation in the future.

From- Anonymous

All the Best!

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI  NABARD and Other Government Jobs.

Also Read

Interview Preparation for SEBI Grade A Legal Stream

SEBI Grade A IT Interview: Best Interview Tips for IT Stream

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