Securities Appellate Tribunal (Procedure) (Amendment) Rules, 2003.

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....rom the date of their notification in the Official Gazette. 2. In rule 2, in sub rule (l), after clause (e), the following clause shall be inserted, namely:- "(ee) "Member means the Member of the Securities Appellate Tribunal appointed under section 15 L of the Act" 3. The existing rule 5 shall be numbered as sub-rule (1) of rule 5, and after sub-rule (l) as so numbered, following 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 sitting of the Tribunal either at a place where its office is situated or at such other place falling within its jurisdiction as it may deem fit by the Appellate Tribunal". 4. In rule 8, for sub rule (5)....

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....f a female Presiding Officer or a Member, the dress shall be black coat over the white saree." 9. For rule 18, the following shall be substituted, namely:- "18(1) Every order of the Appellate Tribunal shall be signed and dated by the Presiding Officer and the two other Members. The Presiding Officer will have powers to pass interim orders or injunction, 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." 10. (i) In rule 25, for sub-rule (l), the following shall be substituted....