Amendment of Chapter VIB- Establishment of Securities Appellate Tribunal-Composition of Securities Appellate Tribunal-Qualifications for appointment as Presiding Officer, Judicial Member and Technical Member-Appointment of Presiding Officer and Judicial Members-Search-cum- Selection Committee for appointment of Technical Members.-Vacancy not to invalidate selection proceeding-Tenure of office of Presiding Officer, Judicial or Technical Members of Securities Appellate Tribunal.-Member to act as Presiding Officer in certain circumstances.

Amendment of Chapter VIB- Establishment of Securities Appellate Tribunal-Composition of Securities Appellate Tribunal-Qualifications for appointment as Presiding Officer, Judicial Member and Technical Member-Appointment of Presiding Officer and Judicial Members-Search-cum- Selection Committee for appointment of Technical Members.-Vacancy not to invalidate selection proceeding-Tenure of office of Presiding Officer, Judicial or Technical Members of Securities Appellate Tribunal.-Member to act as Presiding Officer in certain circumstances. https://www.taxtmi.com/acts?id=23681 Establishes a Securities Appellate Tribunal with jurisdiction and places of sitting specified by notification; sets its composition as a Presiding Officer with Judicial and Technical Members, Benches to include at least one Judicial and one Technical Member and ordinarily sit at Mumbai. Presiding Officer and Judicial Members are appointed by the Central Government in consultation with the Chief Justice of India; Technical Members are appointed on recommendation of a Search cum Selection Committee chaired by the Presiding Officer. Qualifications, appointment restrictions, fixed tenure with age limit, interim senior member acting as Presiding Officer, and specified grounds and procedure for removal are prescribed. en-us Wed, 01 Feb 2017 18:40:47 +0530 Wed, 01 Feb 2017 18:40:47 +0530 TaxTMI RSS Generator Amendment of Chapter VIB- Establishment of Securities Appellate Tribunal-Composition of Securities Appellate Tribunal-Qualifications for appointment as Presiding Officer, Judicial Member and Technical Member-Appointment of Presiding Officer and Judicial Members-Search-cum- Selection Committee for appointment of Technical Members.-Vacancy not to invalidate selection proceeding-Tenure of office of Presiding Officer, Judicial or Technical Members of Securities Appellate Tribunal.-Member to act as Presiding Officer in certain circumstances. https://www.taxtmi.com/acts?id=23681 Establishes a Securities Appellate Tribunal with jurisdiction and places of sitting specified by notification; sets its composition as a Presiding Officer with Judicial and Technical Members, Benches to include at least one Judicial and one Technical Member and ordinarily sit at Mumbai. Presiding Officer and Judicial Members are appointed by the Central Government in consultation with the Chief Justice of India; Technical Members are appointed on recommendation of a Search cum Selection Committee chaired by the Presiding Officer. Qualifications, appointment restrictions, fixed tenure with age limit, interim senior member acting as Presiding Officer, and specified grounds and procedure for removal are prescribed. Act-Rules Bills Wed, 01 Feb 2017 18:40:47 +0530 https://www.taxtmi.com/acts?id=23681