Act Number: 15

Act Name: The Securities and Exchange Board of India Act, 1992

Year: 1992

Enactment Date: 1992-04-04

Long Title: An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 15MB: Search-cum-Selection Committee for appointment of Technical Members.
    1[15MB. Search-cum-Selection Committee for appointment of Technical Members.-- (1) The Technical Members of the Securities Appellate Tribunal shall be appointed by the Central Government on the recommendation of a Search-cum-Selection Committee consisting of the following, namely:--
             (a) Presiding Officer, Securities Appellate Tribunal-Chairperson;
             (b) Secretary, Department of Economic Affairs-Member;
             (c) Secretary, Department of Financial Services-Member; and
             (d) Secretary, Legislative Department or Secretary, Department of Legal Affairs-Member.
         (2) The Secretary, Department of Economic Affairs shall be the Convener of the Search-cumSelection Committee.
         (3) The Search-cum-Selection Committee shall determine its procedure for recommending the names of persons to be appointed under sub-section (1).]
Notes:
1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).
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