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).
