TMI BlogDepositories (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 ..... all come into force from the date of their publication in the Official, Gazette. 2. In the depositories (Appeal to Securities Appellate Tribunal) Rules, 2000, (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), after clause (d), the following clause shall be inserted, namely:- (da) 'Member' means the Member of the Securities Appellate Tribunal appointed under section 15 L of the Securities Exchange Board of India Act, 1992 (15 of 1992). 3. In rule 5 of the said rules, shall be numbered as sub-rule (l) thereof, and after sub-rule (l) as so numbered, the following sub-rule shall be inserted, namely:- (2) In the temporary absence of the Presiding Officer, Government may authorise one of the two other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.500 (ii) Rupees ten thousand or more but less than one lakh. Rs.1200 (iii) Rupees 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 (1), the following sub-rule shall be substituted, namely:- (l) 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 (l), for the word three , the word five shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tribunal shall be properly dressed. 11. For rule 18, the following rule shall be substituted, namely:- 18. Order to be signed and dated:- (l) Every order of the Appellate Tribunal 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 injunctions, 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 (l), the following s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red; (iii) to require any appeal presented to the Appellate Tribunal to be amended in accordance with the rule; (iv) subject to the directions of the Presiding Officer, or in his temporary absence, the Member 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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