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

      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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