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The Securities and Exchange Board of India Act, 1992

Chapter VI — A PENALTIES AND ADJUDICATION

Section 15MBSearch-cum-Selection Committee for appointment of Technical Members

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Section 15MB: Search-cum-Selection Committee for appointment of Technical Members

15MB. Search-cum-Selection Committee for appointment of Technical Members

15MB. Search-cum-Selection Committee for appointment of Technical Members.— (1) The Technical Members of the Securities Appellate Tribunal shall be appointed by the Central Government on the recommendation of a Search-cum-Selection Committee consisting of the following, namely:—

(a)

Presiding Officer, Securities Appellate Tribunal-Chairperson;

(b)

Secretary, Department of Economic Affairs-Member;

(c)

Secretary, Department of Financial Services-Member; and

(d)

Secretary, Legislative Department or Secretary, Department of Legal Affairs-Member.

(2)

The Secretary, Department of Economic Affairs shall be the Convener of the Search-cumSelection Committee.

(3)

The Search-cum-Selection Committee shall determine its procedure for recommending the names of persons to be appointed under sub-section (1).

Amendment notes (1)
  1. Ins w.e.f. 25-1-1995 . Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).