Amendment in the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. - S.O. 27(E) - SEBI

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 5th January, 2016 S.O. 27(E).- In exercise of the powers conferred by section 29 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) , the Central Government hereby makes the following rules further to amend the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992 , namely:- 1. (1) These rules may be called the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Amendment Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992 , in rule 3, in sub-rule (5) ,- (a) for the words a Search-cum-Selection Committee , the words the Financial Sector Regulatory Appointments Search Committee shall be substituted; (b) in clause (e), for the words three experts the words three outside experts shall be substituted. [F. No. 2/10/2015-RE] PRAVEEN GARG, Jt. Secy. Note : The principal rules were published in the Gazette of India, Extraordinary, vide notification number S.O. 146(E), dated the 21st February, 1992 and subsequently amended vide notification numbers S.O. 153(E), dated the 7th February, 1994, S.O. 732(E), dated the 18th May, 2006, S.O. 2037, dated the 23rd July, 2009, S.O. 2442(E), dated the 7th October, 2010, S.O. 809(E), dated the 30th December, 2013 and S .O. 3516(E) dated the 23rd December, 2015 .