Sebi Bill stuck after Lok Sabha adjournment

Sebi amendment Bill had been passed by Rajya Sabha earlier this month

A move to broaden the criteria for appointing the head of the Securities Appellate Tribunal (SAT) was not passed since the Lok Sabha was adjourned over the Sri Lankan issue.

The Sebi amendment Bill had been passed by the Rajya Sabha earlier this month.

The  legislation will allow retired high court judges to act as the presiding officer of the Securities Appellate Tribunal (SAT), a statutory body that hears appeals against Sebi orders.