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TMI BlogSecurities Contracts (Regulation) (Appeal to Securities Appellate Tribunal) (Amendment) Rules, 2005.X X X X Extracts X X X X X X X X Extracts X X X X ..... Tribunal) (Amendment) Rules, 2005. 2. In Securities contracts (Regulation) (Appeal to Securities Appellate Tribunal) Rules, 2000, (hereinafter referred to as the said rules), rule 1 relating to the Definitions shall be renumbered as rule "2" thereof, and in rule 2 as so renumbered, after clause (e), the following clause shall be inserted, namely:- "(ea) 'Member' means the member of the Securities Appellate Tribunal appointed under section 15L of the Securities Exchange Board of India Act, 1992 (15 of 1992)." 3. Rule 5 of the said rules shall be numbered as sub-rule (l) there of, and after sub-rule (l) as so numbered, the following sub-rule shall be inserted, namely:- "(2) In the temporary absence of the Presi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upees one lakh or more Rs.1200 plus ₹ 500 for every additional one lakh of penalty or fraction thereof subject to a maximum of ₹ 1,50,000. 7. In rule 11 of the said rules, for sub rule (l), the following sub-rule shall be substituted, namely: "(1) Every memorandum of appeal shall be in five copies and shall be accompanied with copies of the order, at least one of which shall be a certified copy, against which the appeal is filed." 8. In rule 14 of the said rules, in sub rule (1), for the word "three", the word "five" shall be substituted. 9. In rule 16 of the said rules, in sub-rule (1), the following proviso shall be inserted, namely:- "Provided that in case of temporary absence of the Presiding Office ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al shall be signed and dated by the Presiding Officer and the two other Members. The Presiding Officer will have powers to pass such interim orders or injunction, subject to reasons to be recorded in writing, which it considers necessary in the interest of justice. (2) Orders shall be pronounced in the sitting of the Appellate Tribunal by the Presiding Officer or in case of the temporary absence of the Presiding Officer, by the Member authorized under sub-rule (2) of rule 5". 12. in rule 25 of the said rules:- (i) for sub-rule (1), the following sub-rule shall be substituted namely:- "(l) The Registrar shall discharge his functions under the general superintendence of the Presiding Officer or in the temporary absence of the Presiding Off ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r authorized under sub-rule (2) of rule 5, to fix a date of hearing of the appeals or other proceedings and issue notices thereof; (v) to direct any formal amendment of records; (vi) to order grant of copies of documents to parties to proceedings; (vii) to grant leave to inspect the record of the Appellate Tribunal; (viii) to dispose of all matters relating to the service of notices or other processes, application for the issue of fresh notice or for extending the time for or ordering a particular method of service on a respondent including a substituted service by publication of the notice by way of advertisement in the newspapers; and (ix) for requisition of records from the custody of any court or other authority". [F. No. 5/33/CM/ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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