Enumerate the Appellate Authorities under the Securities and Exchange Board of India Act (SEBI), 1992.
CS Professional · Drafting, Appearances and Pleadings · PYQS · December 2018
Enumerate the Appellate Authorities under the Securities and Exchange Board of India Act (SEBI), 1992.
Answer & Explanation:
Appellate Authorities under the Securities and Exchange Board of India Act, 1992 are Securities Appellate Tribunals and Supreme Court of India. According to Section 15T of the SEBI Act, 1992, any person aggrieved by an order of the Board or by an order made by an adjudicating officer under this Act; or by an order of the Insurance Regulatory and Development Authority or the Pension Fund Regulatory and Development Authority, may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter. According to Section 15Z of the SEBI Act, 1992, any person aggrieved by any decision or order of the Securities Appellate Tribunal may file an appeal to the Supreme Court.
Topics: Securities Law
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