Question

Under section 15N of the Securities and Exchange Board of India Act, 1992, the Presiding Officer or any Judicial or Technical Member of the Securities Appellate Tribunal shall hold office:

Q: Answer-Under section 15N of the Securities and Exchange Board of India Act, 1992, the Presiding Officer or...

Under Section 15N, the Presiding Officer and other members of the SAT hold office for a five-year term and are eligible for a single reappointment for one additional term of five years.

A For a term of three years from the date on which he enters upon his office, not eligible for reappointment

B 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

C Until he attains the age of sixty-five years, not eligible for reappointment

D For a term of seven years from the date on which he enters upon his office, and shall be eligible for reappointment for another term of seven years

E None of these

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