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    Question

    Who can file an appeal to the Securities Appellate

    Tribunal under the SEBI Act?
    A Only the government can file an appeal to SAT under the SEBI Act. Correct Answer Incorrect Answer
    B Only SEBI can file an appeal to the Securities Appellate Tribunal Correct Answer Incorrect Answer
    C Only financial institutions can file an appeal to SAT under the SEBI Act Correct Answer Incorrect Answer
    D Only the government can file an appeal to SAT under the SEBI Act. Correct Answer Incorrect Answer
    E Any person aggrieved by an order of the SEBI Board or an adjudicating officer, excluding corporate entities Correct Answer Incorrect Answer

    Solution

    Section 15T 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, under this Act, or the rules or regulations made thereunder; or (b) by an order made by an adjudicating officer under this Act, may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter.

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