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    Question

    Which of the following is not a function of the Securities Appellate Tribunal (SAT)?

    A To hear and dispose of appeals against orders passed by SEBI Correct Answer Incorrect Answer
    B To investigate insider trading and other securities-related offenses Correct Answer Incorrect Answer
    C To regulate the functioning of stock exchanges and intermediaries in the securities market Correct Answer Incorrect Answer
    D To exercise powers conferred by the SEBI Act, 1992 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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