Securities Appellate Tribunal

Recently, the Securities Appellate Tribunal (SAT) quashed a SEBI order banning Future Retail Chairperson and some other promoters from the securities market for one year in an insider trading case.

About SAT

  • It is formed as a statutory and autonomous body as per the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992.
  • It was mainly established to hear appeals against orders passed by the SEBI or by an adjudicating officer under the SEBI Act.
  • SAT has the same powers as vested in a civil court under the code of civil procedure while trying a suit.

Appeal

The SAT ....

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