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).]