New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Any person aggrieved by an order _________________ may

    prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter.
    A Of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999 Correct Answer Incorrect Answer
    B Made by an adjudicating officer Correct Answer Incorrect Answer
    C Of the Insurance Regulatory and Development Authority or the Pension Fund Regulatory and Development Authority Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Section 15T of SEBI Act, 1992 provides, Appeal to the Securities Appellate Tribunal: (1)  Save as provided in sub-section (2)  any person aggrieved,— (a)  by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999 (32 of 1999), under this Act, or the rules or regulations made thereunder; or (b)  by an order made by an adjudicating officer under this Act; or (c)  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.

    Practice Next