No application will be accepted for Virtual Internship

SEBI said it would not accept any application for a virtual internship in its legal department.

Capital market regulator SEBI on Wednesday said it would not accept any application for a virtual internship in its legal department once the government relaxed COVID-19 restrictions.

“Following the relaxation of government advice regarding complete / partial lockdown and lifting of travel ban due to Covid-19, the internship program will meet the eligibility criteria and other conditions as advertised on March 4, 2020.” SEBI said in a statement.

“No applications for virtual internships will be accepted,” it added.

On March 4, 2020, the Securities and Exchange Board of India (SEBI) invited applications for an internship program in its legal department.

The concerned law school or university course coordinators in charge of the department head or internship program are required to submit the application within a specified quarter, recommending more than three applicants from their law school, SEBI said.

No individual application will be accepted, it has been added.

In determining the eligibility criteria, SEBI said, the applicant must be a student of a law school or university recognized by the Bar Council of India and must have completed at least a three-year or two-year course of a five-year LLB course. Three year LLB course.

Students who have done LLM are also eligible.

Among other criteria, the applicant must achieve a minimum of 60% of the total marks or equivalent incremental grade point average in the previous semester results.

“Upon satisfactory and successful completion of the internship, a stipend of ₹ 10,000 will be awarded,” the regulator said.

(PTI)

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