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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: 
    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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