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of <h1>Securities Appellate Tribunal terms set at 5 years, reappointment possible, max age 70, updated by Finance Act 2017.</h1> The tenure for the Presiding Officer and Members of the Securities Appellate Tribunal under the Securities and Exchange Board of India Act, 1992, is five years, with eligibility for reappointment for an additional term of up to five years. However, no individual may serve beyond the age of seventy. This provision was updated by the Finance Act, 2017, which replaced earlier age limits of sixty-eight for the Presiding Officer and sixty-two for other members. Prior amendments in 2002 had set the term at five years or until the Presiding Officer reached sixty-five years of age, whichever came first.
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