Depositories (Appeal to Securities Appellate Tribunal) (Amendment) Rules, 2005.

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.... their publication in the Official, Gazette. 2. In the depositories (Appeal to Securities Appellate Tribunal) Rules, 2000, (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), after clause (d), the following clause shall be inserted, namely:- "(da) 'Member' means the Member of the Securities Appellate Tribunal appointed under section 15 L of the Securities Exchange Board of India Act, 1992 (15 of 1992)." 3. In rule 5 of the said rules, shall be numbered as sub-rule (l) thereof, and after sub-rule (l) as so numbered, the following sub-rule shall be inserted, namely:- "(2) In the temporary absence of the Presiding Officer, Government may authorise one of the two other Members to preside over the ....

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.... lakh of penalty or fraction thereof subject to a maximum of ₹ 1,50,000. 7. In rule 11 of the said rules, for sub rule (1), the following sub-rule shall be substituted, namely:- "(l) Every memorandum of appeal shall be in five copies and shall be accompanied with copies of the order, at least one of which shall be a certified copy, against which the appeal is filed." 8. In rule 14 of the said rules, in sub rule (l), for the word "three", the word "five" shall be substituted. 9. In rule 16 of the said rules, in sub-rule (l), the following proviso shall be inserted, namely:- "Provided that in case of temporary absence of the Presiding Officer or of the Member authorised by the Government under sub-rule (2) of ru....

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....siding Officer will have powers to pass such interim orders or injunctions, subject to reasons to be recorded in writing, which it considers necessary in the interest of justice. (2) Orders shall be pronounced in the sitting of the Appellate Tribunal by the Presiding Officer or in case of the temporary absence of the Presiding Officer, by the Member authorized under sub-rule (2) of rule 5." 12. In rule 25 of the said rules:- (i) for sub-rule (l), the following sub-rule shall be substituted, namely: "(i) The Registrar shall discharge his functions under the general superintendence of the Presiding Officer or in the temporary absence of the Presiding Officer, the Member authorized under sub-rule (2) of rule 5. He shall discharge such othe....