Home › CS Executive › securitieslaws › Securities Contracts (Regulation) Act, 1956 › The SCRA refers to the Securities Appellate Trib…
The SCRA refers to the Securities Appellate Tribunal but does not itself establish it. Under which provision of which statute is the Securities Appellate Tribunal actually established?
Answer & Solution
Correct answer: C.
1. The SCRA definition of "Securities Appellate Tribunal" cross-refers to another statute.
2. It points to sub-section (1) of section 15K of the SEBI Act, 1992.
3. Section 22B of the SCRA only deals with procedure and powers of SAT.
4. The Depositories Act has no establishing provision for SAT.
_Source: ICSI CS Executive Paper 6 (Securities Laws and Capital Markets) — Lesson 1: Securities Contracts (Regulation) Act, 1956, pp. 4-21._
Related questions
Section 13A of the SCRA enables a recognised stock exchange to establish an additional traAfter an adjudicating officer passes an order under Section 23-I, SEBI has a revisional poSection 23-I of the SCRA empowers SEBI to appoint an adjudicating officer for imposing penSection 22B of the SCRA lays down the procedural framework for the Securities Appellate TrSection 21A of the SCRA gives the right to appeal to the Securities Appellate Tribunal agaSection 18A of the SCRA sets out the conditions under which a contract in derivatives is lFor computing the "eighth day" repayment deadline in Section 17A, the SCRA prescribes a spSection 17A of the SCRA deals with public issue and listing of certificates by a special p