Securities Appellate Tribunal service conditions are governed by the Tribunals Reforms Act, including selection, appointment, removal and reappointment eligibility. Section 15QA subjects the selection, qualifications, appointment, salaries and allowances, resignation, removal, service conditions and reappointment ... Summary
Securities Appellate Tribunal service conditions are governed by the Tribunals Reforms Act, including selection, appointment, removal and reappointment eligibility.
Section 15QA subjects the selection, qualifications, appointment, salaries and allowances, resignation, removal, service conditions and reappointment eligibility of the Presiding Officer and Members of the Securities Appellate Tribunal to the Tribunals Reforms Act, 2026, notwithstanding anything inconsistent in the Securities and Exchange Board of India Act, 1992. Earlier service frameworks referred to the Tribunals Reforms Act, 2021 and preserved the prior statutory regime for certain office-holders appointed before the relevant Finance Act commencement.
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