THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 · ESTABLISHMENT, JURISDICTION, AUTHORITY AND PROCEDURE OF APPELLATE TRIBUNAL
Section 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-cum- Selection Committee.
(3)The Search-cum-Selection Committee shall determine its procedure for recommending the names of persons to be appointed under sub-section (1).