New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    The Presiding Officer or any other Member of SAT shall,

    unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office
    A until the expiry of two months from the date of receipt of resignation notice Correct Answer Incorrect Answer
    B until a person duly appointed as his successor inters upon his office Correct Answer Incorrect Answer
    C until the expiry of his term of office Correct Answer Incorrect Answer
    D Either a or b or c, whichever is earliest Correct Answer Incorrect Answer
    E Either b or c, whichever is earliest Correct Answer Incorrect Answer

    Solution

    Section 15Q of SEBI Act Resignation and removal.—(1) The Presiding Officer or any other Member of a Securities Appellate Tribunal] may, by notice in writing under his hand addressed to the Central Government, resign his office: Provided that the Presiding Officer or any other Member shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months from the date of receipt of such notice or until a person duly appointed as his successor inters upon his office or until the expiry of his term of office, whichever is the earliest.

    Practice Next