Appointment of designated authority

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....on who has been granted a certificate of registration under the Act and regulations made thereunder.] (2) The Executive Director shall thereafter appoint an officer not below the rank of a Division Chief, as a designated authority: Provided that the executive director may, at his discretion, appoint a bench of three officers, each of whom shall not be below the rank of a Division Chief: Provide....

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....t a bench of three officers, each of whom shall not be below the rank of a Division Chief: Provided further that such bench shall be presided by the senior most amongst them and all the decisions or recommendations of such bench shall be by way of majority." 2 Re-numbered by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2017, w.e.f. 21.11.2017 3. Substitu....