Regulation 5 - QUALIFICATION - Securities and Exchange Board of India (Ombudsman) Regulations, 2003

QUALIFICATION 5. In order to be appointed as an Ombudsman a person shall be - i. a citizen of India; ii. of high moral integrity ; iii. not below the age of forty five years of age; and iv. either a. a retired District Judge or qualified to be appointed a District Judge or b. having at least ten years experience of service in any regulatory body or c. having special knowledge and experience in law, finance, corporate matters, economics, management or administration for a period not less than ten years, or d. an office bearer of investors association recognised by the Board having experience in dealing with matters relating to investor protection for a period not less than 10 years.