SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Securities Appellate Tribunal
B	Securities Appellate Treaty
C	Securities Association Tribunal
D	Saving Appellate Tribunal

Explanation:

Detailed explanation-1: -Securities Appellate Tribunal is a statutory and autonomous body created as per provisions of section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. The presiding officer and other members of the Board are elected by the selection committee by the Prime Minister of India.

Detailed explanation-2: -Section 15HB reads as under: “Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board there under for which no separate penalty has been provided, shall be liable to a penalty which may extend to one crore rupees.”

Detailed explanation-3: -Powers of SAT: Receive evidence on affidavits. Issue commissions for the examination of the documents or witnesses. Dismiss an application for default or deciding it ex-parte. Set aside any order or dismissal of any application for default or any other order passed by it ex-parte.

There is 1 question to complete.