The other defendant in this case is former prime minister Abhisit Vejjajiva, who has already been indicted on the same charges in the Criminal Court.
Mr Suthep, who was director of the Centre for the Resolution of the Emergency Situation (CRES) in 2010, had been summonsed to report to the prosecutors for indictment and his requests for a delay had earlier been granted.
After several deferments, the DSI asked the court to approve a warrant for Mr Suthep's arrest and its request was approved today.
The court has now approved three arrest arrants for Mr Suthep.
The first is for alleged rebellion, the second for violating the emergency decree in leading the People's Democratic Reform Committee's protests and the third for the crackdown on red-shirt protesters in 2010.