Section 15N
Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal.
The Securities and Exchange Board of India Act, 1992
About this Act
An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.
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.]
Provided that no Presiding Officer or the Judicial or Technical Member shall hold office after he has attained the age of seventy years.]
Notes
1. Subs. by Act 7 of 2017, s.148, for section 15N (w.e.f. 26-5-2017).