Rajya Sabha Passes SEBI (Amendment) Bill 2013 that widens the criteria for selection of Securities Appellate Tribunal (SAT) chief.Finance Minister P.Chidambaram stresses a lot on the actions to be taken against the people involved in Insider Trading. It is a serious offence and SEBI should improve the surveillance.
The SEBI (Amendment) Bill 2013 proposes to appoint a Retired High Court Judge (having held the position for 7 years) to the head of SAT.
The existing provision prescribe only a serving or retired Supreme Court Judge or Chief Justice of a High Court as a head of Tribunal.
The SEBI (Amendment) Bill 2013 proposes to appoint a Retired High Court Judge (having held the position for 7 years) to the head of SAT.
The existing provision prescribe only a serving or retired Supreme Court Judge or Chief Justice of a High Court as a head of Tribunal.
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