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      Question

      As per the SEBI Act what is the term of office for the

      Presiding Officer or any Judicial or Technical Member of the Securities Appellate Tribunal, and are they eligible for reappointment?
      A Three years with no eligibility for reappointment Correct Answer Incorrect Answer
      B Five years with no eligibility for reappointment Correct Answer Incorrect Answer
      C Five years, with eligibility for reappointment for another term of up to five years Correct Answer Incorrect Answer
      D Ten years with eligibility for reappointment for another term Correct Answer Incorrect Answer
      E Seven years, with eligibility for reappointment for another term of seven years Correct Answer Incorrect Answer

      Solution

      15N. Tenure of office of Presiding Office, Judicial or Technical Members of Securities Appellate Tribunal.—The Presiding Officer or every Judicial or Technical Member of the Securities Appellate Tribunal shall hold office for a term of five years from the date on which he enters upon his office, and shall be eligible for reappointment for another term of maximum five years: Provided that no Presiding Officer or the Judicial or Technical Member shall hold office after he has attained the age of seventy years.

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