रजिस्ट्री सं० डी ० एल०(एन) 04/ 0007/2003-13 REGISTERED NO . DL- (N ) 04/ 0007/2003-13
भारत का राजपत्र The Gazette ofIndia
असाधारण
EXTRAORDINARY
भाग II खण्ड 1
PART II- Section 1
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
° 6] No. 6]
नई दिल्ली, सोमवार, जनवरी 21 , 2013/ माघ 1 , 1934 ( शक ) NEW DELHI, MONDAY, JANUARY 21 , 2013/ MAGHA 1 , 1934 ( SAKA)
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation .
MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 21st January, 2013/Magha 1, 1934 (Saka)
THE SECURITIES AND EXCHANGE BOARD OF INDIA (AMENDMENT) ORDINANCE, 2013
No. 1 OF 2013
Promulgated by the President in the Sixty- third Year ofthe Republic of India.
AnOrdinance further to amend the Securities and Exchange Board of IndiaAct, 1992.
WHEREAS Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for him to take immediate action;
NOW, THEREFORE, in exercise of the powers conferred by clause ( 1) of article 123 ofthe Constitution, the President is pleased to promulgate the following Ordinance :-
1. ( 1 ) This Ordinance may be called the Securities and Exchange Board of India (Amendment) Ordinance , 2013 .
Short title and commencement .
(2) It shall come into force at once .
2
THE GAZETTE OF INDIA EXTRAORDINARY [PART II- SEC . 1 ]
2. In section 15M of the Securities and Exchange Board of India Act , 1992, for 15 of 1992 sub - section ( 1 ) , the following sub - sections shall be substituted , namely:-
Amendment of section 15M.
"(1) A person shall not be qualified for appointment as the Presiding Officer of the Securities Appellate Tribunal unless he
(a) is a sitting or retired Judge of the Supreme Court or a sitting or retired ChiefJustice of a High Court ; or
(b) is a sitting or retired Judge of a High Court who has completed not less than seven years of service as a Judge in a High Court.
(14) The Presiding Officer ofthe Securities Appellate Tribunal shall be appointed by the Central Government in consultation with the Chief Justice of India or his nominee ." .
PRANAB MUKHERJEE,
President.
N.L. MEENA ,
Additional Secy. to the Govt . of India.
PRINTED BY DIRECTORATE OF PRINTING AT GOVERNMENT OF INDIA PRESS , MINTO ROAD , NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS , DELHI , 2013 .
GMGIPMRND-4620GI ( S3)-22-01-2013.