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      Question

      AAs per section 15L of the Securities and Exchange Board

      of India Act, 1992, the Securities Appellate Tribunal shall consist of:Β 
      A One Presiding Officer and two Judicial Members only Correct Answer Incorrect Answer
      B One Presiding Officer and two Technical Members only Correct Answer Incorrect Answer
      C One Presiding Officer and such number of Judicial and Technical Members as the Central Government may determine Correct Answer Incorrect Answer
      D One Presiding Officer, one Judicial Member, and one Technical Member only Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      As per Section 15L of the SEBI Act, the SAT is not limited to a fixed number of members; it consists of one Presiding Officer and as many Judicial and Technical Members as the Central Government deems necessary.

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