Qualification for appointment as Presiding Officer or Member of Securities Appellate Tribunal

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..... be qualified for appointment as the Presiding Officer or a Judicial Member or a Technical Member of the Securities Appellate Tribunal, unless he- (a) is, or has been, a Judge of the Supreme Court or a Chief Justice of a High Court or a Judge of High Court for at least seven years, in the case of the Presiding Officer; and (b) is, or has been, a Judge of High Court for at least five years, in .....

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..... lows: (1) A person shall not be qualified for appointment as the Presiding Officer of the Securities Appellate Tribunal unless he (a) is a sitting or retired Judge of the Supreme Court or a sitting or retired Chief Justice of a High Court; or (b) is a sitting or retired Judge of a High Court who has completed not less than seven years of service as a Judge in a High Court. (1A) The P .....

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..... o years from the date on which he ceases to hold office as such in the Board. Section 15 L was earlier substituted for sub-section (1) of Section 15M by the SEBI (Amendment) Act, 2013 (Act No. 22 of 2013) w.r.e.f. 21.01.2013. Prior to substitution, it read as under:- (1) A person shall not be qualified for appointment as the Presiding Officer of a Securities Appellate Tribunal unless he is .....

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