Question
What does Section 15K of the relevant Act state
regarding the establishment of the Securities Appellate Tribunal?Solution
Section 15K. Establishment of Securities Appellate Tribunals: (1) The Central Government shall, by notification, establish a Tribunal to be known as the Securities Appellate Tribunal to exercise the jurisdiction, powers and authority conferred on it by or under this Act or any other law for the time being in force.(2) The Central Government shall also specify in the notification referred to in sub-section (1), the matters and places in relation to which the Securities Appellate Tribunal may exercise jurisdiction.
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