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of <h1>Finance Bill 2017: Amendments to SEBI Act Introduce Definitions, Revise Tribunal Composition and Procedures, Update Member Tenure Rules.</h1> Clauses 143 to 145 of the Finance Bill, 2017 propose amendments to the Securities and Exchange Board of India Act, 1992. These amendments include the introduction of definitions for terms such as 'Insurance Regulatory and Development Authority' and 'Judicial Member.' The bill seeks to revise sections concerning the establishment, composition, and qualifications of the Securities Appellate Tribunal and its members, including the introduction of new sections for appointment procedures and addressing vacancies. Additionally, it proposes changes to the tenure and removal processes for tribunal members and includes amendments for the distribution of business and case transfers among tribunal benches.
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