The Union Cabinet, on Thursday, approved the modified norms for expanding the eligibility criteria for presiding officer of the Securities Appellate Tribunal (SAT), a post that has been lying vacant since November, 2011.

Under the modified norms, the eligibility criteria stands slightly diluted in that a retired judge of a High Court with seven years of experience would now be eligible for appointment as SAT chief.

As per the earlier norms, only a retired judge of the Supreme Court or a former Chief Justice of a High Court could be appointed as SAT presiding officer.

The post has been lying vacant since November 2011 as the government could not find a willing judge meeting the eligibility criteria

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