Which of the following is correct about the members of SEBI?

Chairman of SEBI who is nominated by Union Government of India. Three members, i.e. Officers from Union Finance Ministry are part of SEBI. Two members are from The Reserve Bank of India. All of the above

Chairman of SEBI who is nominated by Union Government of India.

SEBI was established as a supervising and regulatory body to curb certain malpractices and to promote the securities markets in India. SEBI is managed by its members, which consists of following: a) Chairman who is nominated by Union Government of India. b) Two members, i.e. Officers from Union Finance Ministry. c) One member from The Reserve Bank of India. d) The remaining 5 members are nominated by Union Government of India, out of them at least 3 shall be whole-time members.