SEBI Grade A Syllabus: Phase 1 & 2 Exam Pattern (Legal Stream)
The Securities and Exchange Board of India (SEBI) has released the SEBI Grade A Syllabus 2025 for the recruitment of 135 Assistant Managers. For candidates appearing in the Phase 1 exam on January 10, 2026, understanding the detailed syllabus for both Phase 1 and Phase 2 is critical. This guide provides a comprehensive breakdown of the Legal Stream syllabus, exam patterns, and marking schemes to help you prepare effectively.
Contents
SEBI Grade A Recruitment 2025: Overview
| Organization | Securities and Exchange Board of India (SEBI) |
| Post Name | Officer Grade A (Assistant Manager) – Legal Stream |
| Total Vacancies | 135 (All Streams) |
| Phase 1 Exam Date | January 10, 2026 |
| Phase 2 Exam Date | February 21, 2026 |
| Selection Process | Phase 1 (Screening), Phase 2 (Mains), Phase 3 (Interview) |
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SEBI Grade A Phase 1 Syllabus (Paper 1)
Paper 1 is common for all streams and consists of multiple-choice questions (MCQs) covering four key areas:
1. English Language
- Error Spotting & Sentence Correction
- Reading Comprehension & Cloze Test
- Para Jumbles & Sentence Rearrangement
- Fill in the Blanks (Column-based)
- Synonyms, Antonyms, and Idioms
2. Reasoning Ability
- Puzzles (Floor, Box, Month-based)
- Seating Arrangement (Circular, Linear, Square)
- Syllogism & Logical Reasoning
- Blood Relations & Direction Sense
- Coding-Decoding & Inequalities
3. Quantitative Aptitude
- Data Interpretation (Bar, Pie, Table, Line graphs)
- Number Series & Quadratic Equations
- Arithmetic: Profit & Loss, SI/CI, Time & Work, Speed & Distance
- Simplification & Approximation
- Probability, Permutation & Combination
4. General Awareness
- Current Affairs (National & International)
- Financial and Economic News
- Banking Terminology & RBI Policies
- Important Days, Books, and Awards
SEBI Grade A Legal Stream Specialized Syllabus
The specialized subjects for Paper 2 (Phase 1) and Paper 2 (Phase 2) for the Legal Stream are as follows:
Legal Syllabus for Phase 1 (Paper 2)
- Constitution of India: Preamble, Fundamental Rights, Directive Principles, and Judiciary.
- Contract Law: Indian Contract Act, 1872; Sale of Goods Act, 1930; Partnership Act, 1932.
- Procedural Law: Code of Civil Procedure (CPC), 1908 (Major Parts).
- Other Laws: Transfer of Property Act, 1882; Arbitration and Conciliation Act, 1996; Limitation Act, 1963.
- Administrative Law & Jurisprudence: Key legal maxims and interpretation of statutes.
Legal Syllabus for Phase 2 (Paper 2)
- Criminal Law: IPC (Important Chapters) and Code of Criminal Procedure (CrPC).
- Corporate Laws: Companies Act, 2013; LLP Act, 2008; IBC, 2016.
- Securities Laws (Crucial): SEBI Act, 1992; SCRA, 1956; Depositories Act, 1996.
- Law of Evidence: Indian Evidence Act, 1872.
SEBI Grade A Exam Pattern 2025
Phase 1 (Screening Test)
| Paper | Subjects | Marks | Duration | Cut-off |
|---|---|---|---|---|
| Paper 1 | GA, English, Quant, Reasoning | 100 | 60 Mins | 30% |
| Paper 2 | Legal Stream Specialized Subject | 100 | 40 Mins | 40% |
Note: Aggregate cut-off for Phase 1 is 40%. Marks obtained here are not counted for final selection.
Phase 2 (Mains Exam)
| Paper | Subjects | Marks | Duration | Weightage |
|---|---|---|---|---|
| Paper 1 | English (Descriptive Writing) | 100 | 60 Mins | 1/3rd |
| Paper 2 | Legal Stream (Objective + Descriptive) | 100 | 120 Mins | 2/3rd |
Selection Process (Phase 3)
Candidates shortlisted from Phase 2 will be called for an Interview. The final merit list is prepared based on Phase 2 marks (85% weightage) and Interview marks (15% weightage). Candidates can opt to give the interview in either Hindi or English.
Actionable 30-Day Study Plan for SEBI Legal
Success in the SEBI Grade A Legal exam requires balancing General Aptitude (Paper 1) with Specialized Law Subjects (Paper 2). Since Phase 1 is scheduled for January 10, 2026, follow this week-by-week breakdown to cover the syllabus systematically.
| Week | Legal Stream Focus (Paper 2) | Aptitude Focus (Paper 1) |
|---|---|---|
| Week 1 | Constitution (Preamble, Fundamental Rights), Indian Contract Act, Sale of Goods Act. | Reasoning (Syllogism, Blood Relations) and English Grammar basics. |
| Week 2 | Companies Act 2013 (Crucial chapters), SEBI Act 1992, and SCRA 1956. | Quant (Percentages, Ratios, Number Series) and Financial Awareness. |
| Week 3 | Code of Civil Procedure (CPC), Limitation Act, and Transfer of Property Act. | Data Interpretation (DI) and Monthly Current Affairs Revision. |
| Week 4 | Criminal Law (IPC/CrPC), Administrative Law, and Legal Maxims. | Full-length Mock Tests and Previous Year Paper analysis. |
Subject-Wise Preparation Tips
- Legal Maxims & Terms: These are “low-hanging fruit.” Keep a list of 50-100 common Latin maxims and revise them daily.
- Bare Acts are Your Best Friend: For the Legal stream, questions are often section-based. Read the Bare Acts for the Companies Act and Securities Laws directly.
- Securities Market Code 2025: Stay updated on the new Securities Markets Code Bill, which aims to consolidate the SEBI Act, SCRA, and Depositories Act.
- Phase 2 Descriptive English: Start practicing one essay and one précis writing per week to improve your drafting speed.
For more updates on SEBI Admit Cards and Result dates, keep visiting mysarkarinaukri.com.
Frequently Asked Questions (FAQs)
Is there negative marking in SEBI Grade A?
Yes, there is a negative marking of 1/4th of the marks assigned to each question for all objective papers in both Phase 1 and Phase 2.
Can I apply for multiple streams?
As per SEBI norms, a candidate can apply for a maximum of two streams for which they are eligible. Separate fees must be paid for each.
What is the aggregate cut-off for Phase 2?
Candidates must secure a minimum of 30% in Paper 1 and 40% in Paper 2, with an overall aggregate cut-off of 50% in Phase 2.
When is the SEBI Grade A Phase 1 exam 2025-26?
The Phase 1 online examination is scheduled to be held on January 10, 2026.
