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

    Question

    In the event of occurrence of any vacancy in the office

    of the Presiding Officer of the Securities Appellate Tribunal by reason of his death, resignation or otherwise ________ will act as Presiding Officer.
    A Senior most Judicial Member Correct Answer Incorrect Answer
    B Senior most Technical Member Correct Answer Incorrect Answer
    C Any judicial member as decided by Central Government Correct Answer Incorrect Answer
    D Any technical member as decided by Central Government Correct Answer Incorrect Answer

    Solution

    Section 15PA of SEBI Act: Member to act as Presiding Officer in certain circumstances—In the event of occurrence of any vacancy in the office of the Presiding Officer of the Securities Appellate Tribunal by reason of his death, resignation or otherwise, the senior-most Judicial Member of the Securities Appellate Tribunal shall act as the Presiding Officer until the date on which a new Presiding Officer is appointed in accordance with the provisions of this Act

    Practice Next