As per Section 15N of the SEBI Act, 1992 (post the 2017 amendment via the Finance Act), what is the correct combination regarding the tenure and age limit applicable to the Presiding Officer and Judicial/Technical Members of the Securities Appellate Tribunal (SA

Prior to the 2017 amendment, Section 15N prescribed a five-year term with a differential retirement age of sixty-eight years for the Presiding Officer and sixty-two years for other Members, which is why option E is a commonly confused distractor. However, the Finance Act, 2017 amended Section 15N to harmonize these provisions, fixing a uniform five-year term for both the Presiding Officer and Judicial/Technical Members, with eligibility for reappointment for one further term of a maximum of five years. Crucially, the amendment also standardized the retirement age at seventy years uniformly for all office holders, removing the earlier sixty-eight and sixty-two year distinction. This question is deliberately tricky because many candidates recall only the pre-amendment figures (sixty-eight and sixty-two years), which is now outdated law and a frequent trap in SEBI Grade A legal papers. Getting this right requires tracking the amendment history of the SEBI Act rather than relying on the bare original text of Section 15N.