Home India Ministry of Finance In exercise of the powers conferred by section 15MA of Secur...
Date: 2018-12-20 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 15MA of Securities and Exchange Board of India Act

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

This notification, S.O. 6228(E), issued by the Ministry of Finance, Department of Economic Affairs, Financial Markets Division on December 20, 2018, announces the appointment of Justice Tarun Agarwal, Retired Chief Justice of Meghalaya High Court, as the Presiding Officer of the Securities Appellate Tribunal. This appointment is made under the powers conferred by section 15MA of the Securities and Exchange Board of India Act, 1992 (15 of 1992). Justice Agarwal will receive a fixed pay of Rs. 2,50,000 for a term of five years from the date of assuming charge, until he reaches the age of 70, or until further orders are issued, whichever comes first. The notification was issued under F. No. 372017. The Joint Secretary, Anand Mohan Bajaj, is listed as the contact.

Key Entities Referenced

Securities and Exchange Board of India Act, 1992: A law that empowers the Central Government to make appointments to the Securities Appellate Tribunal. Central Government: The governing body responsible for appointing the Presiding Officer of the Securities Appellate Tribunal. Justice Tarun Agarwal: Retired Chief Justice of Meghalaya High Court, appointed as the Presiding Officer of the Securities Appellate Tribunal. Meghalaya High Court: The High Court where Justice Tarun Agarwal previously served as Chief Justice. Securities Appellate Tribunal: The body to which Justice Tarun Agarwal is appointed as Presiding Officer. Ministry of Finance: The government ministry under which the Department of Economic Affairs and Financial Markets Division operate. Department of Economic Affairs: A department within the Ministry of Finance. Financial Markets Division: A division within the Department of Economic Affairs, Ministry of Finance.
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