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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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