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Section 15N

Tenure of Office of Presiding Officer and Other Members of Securities Appellate Tribunal.

The Securities and Exchange Board of India Act, 1992
1[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.]




1. Subs. by Act 7 of 2017, s.148, for section 15N (w.e.f. 26-5-2017).