The securities appellate tribunal (SAT) on Thursday modified its earlier order (of July 10) and directed Sebi to appoint another whole-time member (WTM) for Punit Goenka and Subhash Chandra s hearing in the Zee case, reported ET NOW.
"We direct Sebi to appoint another WTM, and if no WTM is available, then any authorised officer higher in grade or rank or position to the WTM would hear and decide the matter.The person who is appointed shall pass the order within the stipulated period," SAT said in its order.
Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator s ban on them holding board positions.