Question
Which of the following is not a function of the
Securities Appellate Tribunal (SAT)?Solution
The Securities Appellate Tribunal (SAT) is a quasi-judicial body that hears and disposes of appeals against orders passed by the Securities and Exchange Board of India (SEBI). The SAT was established in 1995 under the SEBI Act, 1992, to provide a forum for aggrieved parties to appeal against orders passed by SEBI. The SAT also has the power to exercise certain powers conferred by the SEBI Act, 1992, and to regulate the functioning of stock exchanges and intermediaries in the securities market. However, the investigation of insider trading and other securities-related offenses falls under the purview of SEBI and other investigating agencies. Hence, option B is not a function of the Securities Appellate Tribunal.
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