Securities Appellate Tribunal service conditions are governed by the Tribunals Reforms Act, covering appointments, qualifications, removal and reappointment. Section 15QA regulates the selection, qualifications, appointment, remuneration, resignation, removal, service conditions and reappointment eligibility of ... Summary
Securities Appellate Tribunal service conditions are governed by the Tribunals Reforms Act, covering appointments, qualifications, removal and reappointment.
Section 15QA regulates the selection, qualifications, appointment, remuneration, resignation, removal, service conditions and reappointment eligibility of the Presiding Officer and Members of the Securities Appellate Tribunal. These matters are governed by the Tribunals Reforms Act, 2026 notwithstanding anything inconsistent in the Securities and Exchange Board of India Act, 1992. Earlier versions applied the Tribunals Reforms Act, 2021 framework to later appointments while retaining the former regime for specified pre-existing appointees.
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