Question

What does Section 15K of the relevant Act state regarding the establishment of the Securities Appellate Tribunal?

A The SAT is established to regulate securities markets directly
B The SAT is established through notification by the Central Government to adjudicate securities-related disputes
C The SAT is established to oversee corporate governance standard
D The SAT has the authority to impose financial penalties on stock exchanges without appeal
E The SAT is empowered to define new securities laws
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