Hon'ble Justice Z, a retired Chief Justice of a High Court, attained the age of 64 years on 31st December, 2022. The Central Government had appointed him as the Presiding Officer of the Securities Appellate Tribunal (SAT
CS Executive · Securities Laws and Capital Markets · PYQS · December 2023
Hon'ble Justice Z, a retired Chief Justice of a High Court, attained the age of 64 years on 31st December, 2022. The Central Government had appointed him as the Presiding Officer of the Securities Appellate Tribunal (SAT) with effect from 1st January, 2023. You are required to state with reference to SEBI Act, 1992: (a) The term for which he may be appointed as Presiding Officer of the SAT.
Answer & Explanation:
As per Section 15N of the SEBI Act, 1992, the Presiding Officer of the Securities Appellate Tribunal (SAT) shall hold office for a term of five years from the date on which he enters upon his office. In this case, Hon'ble Justice Z was appointed with effect from 1st January, 2023. Therefore, his initial term as Presiding Officer of SAT would be for five years, i.e., until 31st December, 2027.
Topics: SEBI Act, 1992
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