law: Securities and Exchange Board of India Act, 1992
  
  9.Officers and employees of the Board.-
  The Board may appoint
  
  such other officers and employees as it considers necessary for the efficient
  
  discharge of its function under this Act.
  (2) The term and other
  
  conditions of service of officer and employees of the Board appointed under
  
  sub-section (1) shall be such as may be determined by regulations.