New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Any person aggrieved by an order of the Board made

    before the commencement of the Securities Laws (Second Amendment) Act, 1999 may prefer an appeal to ……………
    A Securities Appellate Tribunal Correct Answer Incorrect Answer
    B Special Courts Correct Answer Incorrect Answer
    C High Courts Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E State Government Correct Answer Incorrect Answer

    Solution

    Section 23 of Depositories Act Appeals—(1) Any person aggrieved by an order of the Board made before the commencement of the Securities Laws (Second Amendment) Act, 1999 (32 of 1999)] under this Act, or the regulations made thereunder may prefer an appeal to the Central Government within such time as may be prescribed. (2) No appeal shall be admitted if it is preferred after the expiry of the period prescribed therefor: Provided that an appeal may be admitted after the expiry of the period prescribed therefor if the appellant satisfies the Central Government that he had sufficient cause for not preferring the appeal within the prescribed period. (3) Every appeal made under this section shall be made in such form and shall be accompanied by a copy of the order appealed against and by such fees as may be prescribed

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