The prime minister-led appointments committee of the cabinet approved the appointment of Justice Agarwala (retd) in the pay scale of Rs 2,50,000 per month for a period of five years or till the age of 70 years, whichever is the earliest, it said.
The Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992, to hear and dispose of appeals against orders passed by the SEBI or by an adjudicating officer under the Act.
Justice Agarwala (retd), 62, had graduated from the Allahabad University with a law degree. He started practicing as an advocate in the Allahabad High Court in 1981 in the matters of Civil Law, Constitutional, Taxation, Labour, Testamentary and Corporate Affairs matters.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)