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

As per Section 15N of the SEBI Act, 1992: A Presiding Officer of the Securities Appellate Tribunal (SAT) is eligible for re-appointment for another term of a maximum of five years. However, a person shall not hold office as the Presiding Officer after attaining the age of 70 years . In this case: Hon'ble Justice Z was 64 years old on 31st December, 2022, and was appointed on 1st January, 2023. His initial five-year term would end on 31st December, 2027, at which point he would be 69 years old. Since he would be 69 years old at the end of his first term (which is less than 70 years), he can be re-appointed for another term. However, he cannot hold office beyond the age of 70. So, if re-appointed, he would have to vacate the office upon attaining 70 years of age, even if the re-appointment term is not fully completed. He cannot be re-appointed if he has already attained 70 years of age.