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    Question

    Which Tribunal has been constituted to protect the

    interest of entities that feel aggrieved by SEBI’s decision?
    A Securities Market Tribunal Correct Answer Incorrect Answer
    B Securities Appellate Tribunal Correct Answer Incorrect Answer
    C Securities Capital Tribunal Correct Answer Incorrect Answer
    D Market Capital Tribunal Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    • Securities Appellate Tribunal (SAT) has been constituted to protect the interest of entities that feel aggrieved by SEBI’s decision.
    • SAT is a statutory body established under the provisions of the Securities and Exchange Board of India Act, 1992.
    • SAT consists of a Presiding Officer and two other Members.
    • It has the same powers as vested in a civil court.
    • If any person feels aggrieved by SAT’s decision or order can appeal to the Supreme Court.
    • SEBI has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy
    • The panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI).
    • The 20-member committee was earlier headed by Madhabi Puri Buch, ex-whole-time member of SEBI.
    • Apart from S Sahoo, the panel has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI as members.

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