Answer: 9
Notes: The SEBI is managed by 9 board members, which consists of the following:
1. The chairman is nominated by the Union Government of India.
2. Two members, i.e., Officers from the Union Finance Ministry.
3. One member from the Reserve Bank of India.
4. The remaining five members are nominated by the Union Government of India, out of them at least three shall be whole-time members.
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