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      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:                                                                                                                                              
      A For a term of three years from the date on which he enters upon his office, not eligible for reappointment Correct Answer Incorrect Answer
      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 Correct Answer Incorrect Answer
      C Until he attains the age of sixty-five years, not eligible for reappointment Correct Answer Incorrect Answer
      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 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      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.

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