Question

    Appeal to SAT under SEBI Act lies against an order

    of
    A The Board Correct Answer Incorrect Answer
    B The Adjudicating Officer Correct Answer Incorrect Answer
    C The IRDA or PFRDA Correct Answer Incorrect Answer
    D All a, b and c Correct Answer Incorrect Answer

    Solution

    Section 15T of SEBI Act 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 6 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.

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